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Need some Expert Advice

Discussion in 'General Investing Discussion' started by Risingstar, 28th Dec, 2007.

  1. Risingstar

    Risingstar New Member

    Joined:
    28th Dec, 2007
    Posts:
    1
    Location:
    Melbourne, VIC
    HI All

    First of All, Wishing everyone in this Forums Merry Christmas and a Happy New Year.

    This is where I stand

    Wife is not working at the moment. Have a kid under 1 year old.

    I currently have a property worth (home) $330000 on which i currently owe $260000.
    I am currently paying around $2000 per month and i can afford to spend another $2000.00 to buy another property.

    Need Help on?
    1. What type of Structure is best suited for me. (A financial consul told me that the ATO has a ruling against Hybrid Discretionary Trust and I cannot direct the income from investment property to my wife where as i could gain the -ve gearing on the loan.)

    2. How does the Depriciation thing work. Can i buy land then build on it myself and then rent it out?

    Any other help or strategy is welcome.

    Looking to learn from the experts here...

    Rising star