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Need some Expert Advice

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

  1. Risingstar

    Risingstar New Member

    28th Dec, 2007
    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