Recent content by jeremyscamp

Ta rastus2 and Les, my plan for the extra cash in the offset was to leave it there until i can get my LVR and DSR back on track for my next IP, there are no other plans for the 30k, so it does seem to be the best option (to me anyway).....i have at least 3 months before i can act...so if anyone...

all good info....thanks for guidance..... my intention was to accelerate equity, to give me more investment opportunities. If i was to use IO and no offset facility, any suggestions as to the best way to include the 30 grand into the scenario. I would like to be able to position it to help with...

I just read a thread by rolph latham "Best to take an IO loan with 100 % true offset, and make the PI payment into the offset acct, same effect on interest long term, but with much more flexibility." It makes perfect sense to me now.

My thinking was making the 2nd IP our main concentration. With having subsidised rent, we would put as much money as possible into one property. A P & I loan would force us to do this. I was also a little naive and thought offset was not available with IO, bad me:rolleyes:

Gidday to all, this will be my first IP. Firstly my situation. I am soon to be moving out of my PPOR and will be putting it on the rental market as my first IP. I am moving to a new state, where I will be living under Government subsidised rent. I will be able to take advantage of this subsidy...