Search results

After a period of investing everything in various business ventures (one that failed and one that has yet to come to fruition) I am in the process of rediscovering my passion for property. Up to 5 years ago I had successfully bought and renovated a number of houses, I loved it, then I got...

From: Ken . Hi all, Have been reading the 01/02 rental properties ATO Tax guide. In regard to interest, it says that the interest charged on a loan to purchase a rental property can be claimed as a deduction, provided the property is rented or available for rental in the income year that the...

From: Ken . I have 4 property's, 2 in my name and 2 in my wife's name. All the loans are in both our names. My question is how is the income (rent) and deductions dispersed between us? Is it based on the shared borrowings, eg half the income and deductions from each property is allocated to...

From: Ken . I have a problem, a little background - I have a signed contract on an IP, and just prior to settlement, there was a small fire in the house (fire brigade attended). Some floor needs replacing and a complete paint and re carpet due to smoke water and fire damage. I was informed...

From: Ken . I have come across a council approved boarding house that will give about 12% return. It is also in an area that is starting the gentrification process, so will have good future growth. It appears an ideal 2nd IP for me. My question to all you more experienced investors is - What...