Turn own property into investment property?

I currently have a mortgage and am looking to move interstate and want to turn my current property into an investment property. My main question is
a) should I sell and buy interstate or
b) make it an investment property and rent interstate or
c) make it an investment property and buy interstate?

I am having difficulties on finding any info on doing this, especially with regards to tax benefits. (one site said all we would pay on the investment property would be $20 or so a week??)

hope you can clear this up for me.

thanks
nsw, australia

You should give it to me.

http://www.maylene.zoomshare.com <<<< please check on this website.

The best option in the long run is (c) if you can afford it - that way you get the benefit of the increase in property prices over time for two properties. I have read books from people who have made millions from buying properties and they recommend paying off the first mortgage as soon as possible, and using whatever equity you have in the first home as collateral on the second home - and to never sell until you REALLY need the money!
There are lots of tax deductions you can make for repairs/maintenance on a rental property - mind you, you have to declare the extra income!

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　　Real Money 　　Real Estate Investment 　　Raise Capital 　　Property Investment 　　Profitable Investments 　　Private Investment 　　Private Equity 　　Private Capital

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