Hi
I have two investment properties and a PPR, I am looking in the next couple of years to upgrade my PPR to something bigger, which means I would then have 3 investment properties. I have been thinking about the best way to do this and was going to refinance all 3 of the investment properties and put the equity into the new PPR, therefore making the investment properties negative geared again, but reducing my debt on the PPR.
Based on the above scenario my queries are:
1. is this the best way to go
2. Can I claim my refinancing costs on the investment properties for tax purposes
3. any danges or problems with the above scenario?
Thanks Monja
I have two investment properties and a PPR, I am looking in the next couple of years to upgrade my PPR to something bigger, which means I would then have 3 investment properties. I have been thinking about the best way to do this and was going to refinance all 3 of the investment properties and put the equity into the new PPR, therefore making the investment properties negative geared again, but reducing my debt on the PPR.
Based on the above scenario my queries are:
1. is this the best way to go
2. Can I claim my refinancing costs on the investment properties for tax purposes
3. any danges or problems with the above scenario?
Thanks Monja