Recent content by Charcy

Hi all Just curious as to whether you are able to purchase a prop via trust, live in it and rent it from the trust (the rent being the mortgage repayments)? TIA

Thanks All!. Thank you all for your continued advice...you have certainly given us a lot to think about! When doing the sums, I have worked with an interest rate of 11% (hoping this is enough) and we seem to be able to manage this quite comfortably. Just in regards to doing our homework...

LOL...Ok I'll see how I go. This particular property is in regional SA. It is a 3 bedroom, 1 bathroom, 3 carspace house. There are some major developments and upgrades in the works in this area planned over the next couple of years. The aim, for us personally, is long term capital gain...

Thank you all so very much!!!! Apologies for not be able to respond to you all earlier than now. My sincerest thanks to each of you who responded with your advice and warm welcomes! I will research the offset account further, however at this stage, it seems a bit more advantageous than...

Hello everyone! We think we have found the property that has the potential to become our first IP. Just thought I would pick a few of the knowledgable brains around here to find out the best way to set it all up. Hubby is currently on salary package of around $89K including Super. Sal...

Thank you so much for your responses! We can do it ourselves...the money we have is not a huge amount, however, it is everything we have so the thought of sininking it all into the one property (which is pretty much all we will be able to do) is a bit scary. I thought maybe spreading it out...

Hi all! First of all, I would like to thank everyone who participates in this forum for providing such valuable information...even though I only joined today, I have been "lurking" for quite a while! We recently received some money that we are intending on using to purchase our first IP...