2009
Tough Borrowing Rules impact Property Investors
Filed under: Business Advice, Investment Property
I have been dealing with an ever increasing number of successful property investors who have reached or even passed bank lending thresholds. Going back two years the recipe was easy. Use other people’s money to buy property. When the property increases in value leverage the equity gained and start again. Income rarely came into it
Interest on a loan is tax deductible if that loan has been used to purchase a rental property or it is has been used to pay for renovations or upkeep expenses of a rental property. The best way to claim the most interest possible, is to not only borrow to purchase the rental property, but
2009
Do you need an LAQC for your rental property?
Filed under: Asset Planning, Investment Property
To determine the answer to this, you need to know the two main differences between owning your rental property in your personal name and owning your rental property in an LAQC. If a rental property is owned in your personal name(s), any tax loss is allocated to the owner(s) of the property. If a rental
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