Coops13

Morning all.... This is a call to arms....! A chance for you to add your top couple of tips and tricks to making your money/investments work for you. I'm hoping that a few of you may take the time to add a couple of tips or ideas that have saved you money in some way, shape or form. I'm initially thinking of income tax, claiming on UK and/or Aust investment property or anything else along these lines. I'm finally getting my backside into gear now and look at making my current investments work for me. To date I have not had the time nor the inclination to shake things up and get the most out of them but I'm now in a situation where I am property rich (supposedly) but very much cash poor (definitely). I have a few investment properties in the UK and one here in Australia and the first thing I looking at doing is releasing as much equity out of the investment properties and placing these funds in the offset account against my personal residence to reduce the mortgage payments. Reason being I can claim the interest payments on the investment properties and also claim any losses against my personal income and lower my normal mortgage significantly increasing my cashflow. Please add your tips and tricks and let's share our knowledge (albeit it limited on my side) and see if we can all learn something that may help someone else make a change. Looking forward to them... Coops13 :biggrin::biggrin::biggrin::biggrin:

Morning all... Have been in Oz for a few years now and have three properties in the UK all of which are let but I am certainly not using them efficiently from a tax perspective. I have a lot of equity tied up in them and would like to look at releasing much of this so I can reduce my personal residence mortgage here in Australia. I know quite a few of the banks stopped doing expat mortgages but there are still plenty out there if you know where to look! That is the problem and I'm hoping some of you can recommend a good mortgage broker. Someone that actually specialises in this area and can discuss the various options available. Thanks in advance Coops13 :biggrin: