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Hi all I have just received a top up on my IP loan which is currently sat ready to be used as required. I would like to know what the best way to track the usage of the funds for tax purposes. Basically my current accounts are set up is as follows: Bank A: Acc 1: Offset account with all...

Hi all I have my next IP under contract and have been researching property managers that service the area and their fees. I have done a few scenarios on costings and thought I would share the outcome as I have seen a number of posts about PM fees in Perth and it was interesting to find that...

I have my next IP under contract and it's due for settlement in 6 weeks, and there is a possibility the current owner may want to stay on as my tenant from settlement I'm just curious if anyone has had this situation before and what the possible risks could be. I have spoken to local PMs and...

A tenant recently moved out of one of my properties and they admitted to accidentally breaking the cooker in the last week of their lease (dropped roast dinner on the door and smashed the glass). When this happened they got a quote to do the repair which came in at around $300 but they said...

Just been going over my personal expenses for the last tax year for my tax return and have most sorted for my accountant who I see in a few weeks but I have a list of misc kind of overhead costs which I have incurred during the year while growing my portfolio. I wouldn't normally have...

I currently have 2 IPs which overall have a neutral cashflow before tax however I have around $10,000 of depreciation I can claim against these two properties each year which will reduce my taxable income from my job which is good. However my question is if I had no taxable income (I.e no job...

Good evening all, I've been a long time reader of this forum and gained so much information to date so thank you all. So now I thought I would throw out my 'master plan' to the forum to gauge your views and opinions on what I intend to do to get to my goals. I'm currently 31 with a good...