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Hey all, So i've done a search but can't find exactly what i'm after. My wife and I own an IP and it is about to get listed on the market. We bought it back in 2006 for 230k and lived in it straight away until 2010 and then it became the IP. At that point it was valued at 330k. Due...

Hello, So the tennants I had in my IP have done a runner owing me money as well as a hefty cleanup/repair bill. My insurance will only cover the rent they owe me plus the repair costs however does not cover the cleaning. Now i'm guessing I can claim the cleaning bill come tax time but I...

Hey all, One of the guys I work with is currently looking after his folks place while they are overseas. On the property is a rented Granny Flat. Well today they discovered that a tree had destroyed a sewerage pipe and it needs to be fixed because there is you know what everywhere. However it...

Hey peoples, I need to vent some anger about my MB my Bank and myself :mad: So after reading a few things on here I decide to make things better for myself and situation. When I set everything up earlier this year to get a new PPOR and turn my old one into an IP I clearly wasn't given all...

Currently my wife and I own an IP 50/50 but my wife isn't currently working (off work on unpaid maternity leave so no income). If she doesn't go back to work this financial year what will happen when it comes tax time next year. How does having no income affect things such as the...

Hi all, My wife and I have just had our taxes done and we are going to get a reasonable return (only had an IP since March). What's the general consensus on the use of your tax returns. Should I put it on my PPOR loan or use it to do some reno's to it. We had planned on doing new flooring...

Hello, I currently have an IP which is valued at $330,000. I owe $270,000 on it and my original purchase price some 4 years ago was $230,000. It became an IP in March this year. If I was to sell it next year (which i have no intention of doing so. This is just for curiosity sake) for lets...

Hello, Earlier this year I converted my PPOR to my first IP. In doing so I refinanced the existing loan (changed it to a I/O at the same time)and used the extra as the deposit on my new PPOR. Having gone in today to have my taxes done my accountant advised me that I can only claim on the...

Hello everyone. I'm new here (my names Glenn :D )and new to IP's so go easy on me :p My wife and I currently have 2 properties. 1 IP and 1 PPOR. When my wife goes back to work (Maternity leave) we'd like to expand our portfolio to a second IP. We have only just turned our first home in...