PropertyInvesting.com | Legendtofski | Activity https://www.propertyinvesting.com/members/legendtofski/activity/ Activity feed for Legendtofski. Fri, 17 Apr 2026 09:21:21 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3769dcaa5faff143eea895bc8db73a44 Legendtofski replied to the topic Moving into an investment property and owning a property and tax benefits. in the forum Creative Investing https://www.propertyinvesting.com/topic/4405621-moving-into-an-investment-property-and-owning-a-property-and-tax-benefits/#post-4662009 Tue, 17 Jan 2012 05:28:57 +0000 What numbers? Ok..current mortgage ~ $18,000 left, will be paid off within 2 years  value of current property  ~$480KBorrow ~$520000 to buy a $500000 property on say a 25 year loan…for an investment property getting $1600 pm rent..After 2 years move into the investment property and rent out the owned property at around ~$1800 pm.The mortgage i…[Read more]

]]> b9a227655f47fd4ef69f22c9b2e8639e Legendtofski replied to the topic Moving into an investment property and owning a property and tax benefits. in the forum Creative Investing https://www.propertyinvesting.com/topic/4405621-moving-into-an-investment-property-and-owning-a-property-and-tax-benefits/#post-4662007 Mon, 16 Jan 2012 04:46:28 +0000 Qlds007 wrote:
Legend like Terry i am slightly confused.If you then intend to move into this new investment property then the rent you receive on the current property with minimal mortgage will be added to your income and Tax paid on this. The only interest you will then be able to claim is the interest on the $20K loan.Loan needs to be…[Read more]

]]> cffd7461312b6510213234a0ad4e89d5 Legendtofski replied to the topic Renovating using a loan in the forum Creative Investing https://www.propertyinvesting.com/topic/4405430-renovating-using-a-loan-2/#post-4660568 Sun, 15 Jan 2012 23:54:17 +0000 The thing is I will be doing the rennovation while clients are renting the property..What about painting and stuff like that, its to update and repair certain features….

]]> 2d779a0a9c02fd580aefbede5c3fea79 Legendtofski replied to the topic Renovating using a loan in the forum Creative Investing https://www.propertyinvesting.com/topic/4405430-renovating-using-a-loan-2/#post-4660566 Sun, 15 Jan 2012 23:14:08 +0000 I'm thinking of doing a similar thing..HOWEVER I wish to move into my place of residence a few months after the work is done. Can only only claim depreciation for those two months or over the life?Or can I define the rennovations as a 'repair' since the kitch and bathroom haven't been fixed since the house was built (over 45 years ago!)

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