Do I understand correctly that interest charged on an investment property loan is a tax deduction? I think I read this somewhere.I have managed to find a few properties that would only require about 20k total in purchasing costs then would essentially pay themselves off over the life of the loan.If I am not after a capital gain in the property…[Read more]

mattsta wrote:
since you said you had a low income, if I was in your position, I woudl prefer to get positive cash flow properties to increase your income – and hence your ability to invest in even more properties later on – but that's just my personal opinion

I agree – Sorry I should have stated this would be my intentions inititally. I onlly…[Read more]

Id like to hear more about the interest only loan with 100% offset account – how it is structured and what are the pros and cons.I apologise in advance for my ignorance!