Hi there
I had a visit from a Property Investment Expert the other day. He got me thinking about investing in a brand new house which I though we could never afford. But once he explained about negative gearing it made more sense.
We already have one rental property that is positively geared and wanting to buy another one that is negatively geared. We don't have any experience in this and I just want to ask a question about how can we do this without having to use third party?
Do you just go and buy a house off the plan and rented out? Who fills the tax sheet? He suggested the best way is to get interest only mortgage and get tax back every week. I want to know if we can do it ourselves to save more money and how do you go about claiming depreciation every week?
I appreciate every answer, I want to find out as much as I can before I see him again on the 28th this month.
Thanks
Daniela
I had a visit from a Property Investment Expert the other day. He got me thinking about investing in a brand new house which I though we could never afford. But once he explained about negative gearing it made more sense.
We already have one rental property that is positively geared and wanting to buy another one that is negatively geared. We don't have any experience in this and I just want to ask a question about how can we do this without having to use third party?
Do you just go and buy a house off the plan and rented out? Who fills the tax sheet? He suggested the best way is to get interest only mortgage and get tax back every week. I want to know if we can do it ourselves to save more money and how do you go about claiming depreciation every week?
I appreciate every answer, I want to find out as much as I can before I see him again on the 28th this month.
Thanks
Daniela