Hi guy,
I know this question has been answered many times before, but I would usually happily search for them myself, but a bit tight with time as I am relocating soon and am busy doing all the related tasks. I have a few questions if would be so kind forumites:
1) Are there any things to watch out for converting my current PPOR to an IP?
2) A depreciation schedule is of advantage regardless if your IP is negatively geared or positive cash flow? - is that correct?
Thanks in advance for your answers. Now the relocation is happening I will in effect be owning my first IP So quite excited about that.
I know this question has been answered many times before, but I would usually happily search for them myself, but a bit tight with time as I am relocating soon and am busy doing all the related tasks. I have a few questions if would be so kind forumites:
1) Are there any things to watch out for converting my current PPOR to an IP?
2) A depreciation schedule is of advantage regardless if your IP is negatively geared or positive cash flow? - is that correct?
Thanks in advance for your answers. Now the relocation is happening I will in effect be owning my first IP So quite excited about that.