Recent content by flosed

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    Gst in CIP, pay from personal or business entity

    Thank you. Forgot to mention. I have a Gst registered company used for my contractor job. Sound like buying cip using Gst registered company is better than using personal entity.
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    Gst in CIP, pay from personal or business entity

    Is Gst a must in CIP? Do I have to pay it if purchasing personally? What's ur opinion to buy CIP by compamy? Thanks.
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    Paying IP expenses from LOC

    Thank you. u either split when u sell/refinance .or split when IP can support it's own loc. One loc per IP is alternative to one big portofolia loc. On that point, may i ask why u prefer one big loc to small loc per IP?
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    Paying IP expenses from LOC

    Question on item 3 When u repay. Don't u have trouble to point the repay only to the property u sold? As my accountant told me, all repay has to be proportioned as this is mixed loan. U can't say my repay is for this only. [ QUOTE=Terry_w;1210898]1. yes 2. yes 3. Repay the loan...
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    Paying IP expenses from LOC

    Very good discussion. It doesn't matter loc loan secured by ppor or IP, but the loan purpose. When loc loan is used to pay IP cost. The interest are deductible. So if + geared, loc approach will reduce deductible interest. Offset will reduce non deductible interest which is better in my...
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    Paying IP expenses from LOC

    Sorry maybe i didnt explain well. I only have one offset which linked to ppor. The positive cash flow in my offset can reduce non deductible interest. While positive cash flow in loc will do me no benefits.
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    Paying IP expenses from LOC

    Let me rephrase my positive question. Am I better off if using offset and new top up loan compared to loc if my portfolio is positive. Considering those offseted ppor debt. Also you have no interest to capitalise in loc. Let's assume portofolia is always positive(I know it's not always...
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    Paying IP expenses from LOC

    If you use multiple entity to buy IP for ex,one my name, one partners name, one joined name with partner. Then you need at least three loc. Right? Regarding positive , this sound not useful if the entire portofolia are positive ? Right. You end up deposit money to loc.
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    Paying IP expenses from LOC

    Why not having a LOC for each IP. Then you don't have to record which payment is for which IP? I think this approach only works for negative geared IP. No benefits to do this for positive geared in my opinion. So can I say that: Keep those positive IP income/expense in/out from offset. But...
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    bath tub hair crack ,could I diy

    No I haven't. I saw some water mark downstairs ceiling . it make me correlate that to this crack. It was there for 2 years.
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    Line of credit vs Top up split with offset

    I don't understand why do we need offset here. What I am doing is split equity to new loan with all money in loan account. Basically balance 0. Only redraw on investment demand. Every penny is deductible. According to my accountant.
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    bath tub hair crack ,could I diy

    Got hair thin crack in tub as photo attached. Will it cause leak? Could I paint it using sth like white knight tub & basin paint or I have to call tradie? Any one got any experience ? Thanks.
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    pay repairs from LOC

    Good point. For me, my loc is already blended to pay some IP'S deposits. I don't see the harm to decrease my borrow capacity for several thousand bucks. Anyways it is better than from my own pocket ,every penny of which should be used to offset ppor. Considering compound interest...
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    pay repairs from LOC

    Accountant told me repair is debuctible. So why people always pay from rental by agent? Anything I missed.
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    CF+ regions - Logan V Ipswich V Other Brisbane V Any other suggestion

    any reason 12 month CG in both area are negative? Sorry , maybe unrelated. Amyone knows any reason 12 month CG in both area are negative. Considering property boom last year across Australia.
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