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geezer replied to the topic CLAIMING SHORT TERM RENTAL AS A TAX DEDUCTION in the forum Help Needed!

Wed, 04 May 2011 07:38:59 +0000

Thanks for that AngelMakes perfect sense.CheersGeezer

geezer replied to the topic CLAIMING SHORT TERM RENTAL AS A TAX DEDUCTION in the forum Help Needed!

Wed, 04 May 2011 07:00:51 +0000

Hello Thanks to all for your information.I have another tax related question.If I have the situation where I have 2 investment properties. Are they individually assessed by the ATO in relation to income & expenses/deductions etc or are they both added together to form 1 taxation assessment etc.Hope that I am making sense.CheersGeezer

geezer replied to the topic investment in property in the forum Hello Fantastic help and

Mon, 15 Mar 2010 11:03:48 +0000

HelloFantastic help and information, cheers.I have been doing some research into the trust property side of things to see if it is a viable proposition.The property is jointly owned. I have thought about transferring ownership to my wife but I am not sure if this will impact my borrowing power…I am in South Australia and am looking for a…[Read more]

geezer replied to the topic investment in property in the forum Help Needed!

Mon, 15 Mar 2010 03:09:22 +0000

Cheers Richard.Yes my loan was a principal and interest loan. My only trouble is that I am not able to move into my IP due to size issues. (Too small with the kids). The house that I am about to purchase is to live in myself…Is it fair to assume that there is nothing I can do financially (line of credit, refinance etc) to maximise returns…[Read more]

geezer replied to the topic investment in property in the forum Hello all. New to this

Sun, 14 Mar 2010 11:45:24 +0000

Hello all. New to this forum..I have a question, funny enough. Not sure if I am in the correct area?I have a rental property currently running a positive cash flow scenario.I am currently looking at purchasing another property.All well so far… my question is that the property that I am going to purchase (using equity from my rental) is the pro…[Read more]