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Oh and how much notice does the tenant on an expired lease need to give? Thanks again.

Hi All, We currently have a IP which we are unhappy with the managing agents performance. The tenants are on an expired lease (last week) and are building a new house and will be moving next month sometime. Not sure if they have given notice to the agent as yet as we never hear from him. We...

Hi all, Can someone please tell me if a Strata Inspection report that we did when purchasing an IP townhouse is claimable in the first year of deductions or over 5 years? Also Title Insurance Fee and Registration fee (charged by bank at purchase) Trying to sort all my stuff ready for...

Looking to purchase a second IP (bought 1st one in October last year and went through our building society who our PPOR loan is through). They are fine but very conservative with lendings and not the most knowledgable information offered. Can anyone recommend a good mortgage broker who...

Thank you for your replies. That's great that he can claim 4.5 years of purchase costs and mortgage insurance. Thanks also for the easy explanation. Cheers

So you are saying he CAN claim all the purchase costs including mortgage insurance over the first 5 years? Commencing from 6 months after purchase when it became a full time IP?

Hi All, This is a question in regards to my son's investment property. He purchased an IP last year to be used as an investment property and claimed the FHBG. Lives and purchased in NSW. He lived in the property for the first 6 months as per the FHBG rules and it is now rented out and...

Thanks for the helpful reply! Just was a bit unsure of the lenders fees and the strata report (thought that would have been claimable straight away) so thanks again. Yes i have included the adjustments from the solicitors settlement statement for the rates, strata, water etc in my filing for...

Hi, I've just purchased my first IP and am trying to sort out all my paperwork and filing and working out what I can claim in my first year so i can sort all the figures out in readyness for end of financial year in June. Thought if i start a good filing system now it would make it easier at...

No plans on buying that many. Just one more which will serve as our retirement property in 15 years or so. No problem with Equity, have enough to service another 2-3 but happy to have 2 in total. Re Yours vs mine....it's all hers she says! Actually will refraise her reply to that...the debts...

so there would be a definate benefit when we sell to half the CGT as by then she won't be working. That's hoping that the property increases before we sell it. Also so if its 50/50 share when we do our tax can I just claim everything...all deductions, rental income etc on my tax or does it...

The bank said she needs to either go on the deposit loan or be a guarantor on it. Main reasoning was i read on a previous post if a property is negatively geared suggested main income earner only but if its neutral or positively geared to go 50/50. Just had the call now that my offer has been...

Hi all, New to this site and have learnt many things which has helped me to finally get myself into buying an investment property. Looking at an IP at the moment to purchase which will be fairly neutrally geared and not sure if I should buy it in my name only or with my wife also...