Before I endeavour to reply can you tell me what you hope to achieve with your loan and why your advisor suggested one over the other?

There are reasons why one might choose one over the other and I would like to make sure the advice suits you!

Cheers,

Simon Macks
Mortgage Hunter
mortgagehunter@iinet.net.au
0425 228 985

Can anyone discuss depreciation of a professional library compared to simply claiming a deduction per book.

I suspect it might be useful for those materials purchased prior to one becoming an investor.

Simon Macks
Mortgage Hunter
mortgagehunter@iinet.net.au
0425 228 985

Home Loan Guy is spot on. I would advise you to pay IO on any deductable debt whilst you have any non deductable debt.

Cheers

Simon Macks
Mortgage Hunter
mortgagehunter@iinet.net.au
0425 228 985

Glenn,

I suspect the seminar promoted properties supplied by the folk running the seminar…

Seriously,

If you do go this path I would consider drawing a 20% deposit from your home loan then funding a seperate mortgage on the IP. Both elements will be deductable. Have your PPOR loan split for ease of accounting.

Whether this makes it…[Read more]

The seagulls are coming in to pounce []

This might be useful

http://www.firb.gov.au

Good luck,

Simon Macks
Mortgage Hunter
mortgagehunter@iinet.net.au
0425 228 985

If you are an investor you can claim educational expenses. If you are planning to be an investor you cannot.

Educational expenses must relate to your income producing activity. eg if you were planning to be a builder then any training is not deductable. However if you are a builder then ongoing education is…I hope this makes sense!

Simon…[Read more]

amyscu,

My experience is NSW and my experiences are based on this state. I have completed the real estate course at the TAFE and offer these comments.

Nothing is binding until the contract has been signed by both parties. Any deposit paid by you is a sign of good faith and really means little. In fact many agents don’t bother with this…[Read more]

Des and Sue,

I feel you will be better served by first looking in the area you know best, however for many reasons it is appropriate to buy elsewhere.

As far as saving deposits there is no right or wrong way.

A major disadvantages is the time spent saving. You need to determine whether you can save a deposit faster than the growth being…[Read more]