Turn your rental property into your next home

Turn your rental property into your next home
Michael LaurenceJuly 17, 2013

This is the reverse of yesterday's strategy.

But be aware, once a rental property becomes your home, interest on any outstanding loan is no longer deductible.

Some astute investors would wait until the loan is repaid before turning their one-time investment property into their private home.

See our free ebook on the top 24 tax strategies for property investors.

Editor's Picks

First home buyers jump at Victoriana apartments on Melbourne's Albert Park
Sekisui House Australia approved for Dawn, the latest stage at $5 billion Melrose Park masterplan
Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown
Aurora On Depper, St Lucia: Construction Update
R.Iconic: A Lifestyle-First Masterpiece in Melbourne