Recent content by Smilesica

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    Setting up rental agreements before settlement?

    Thank you all for your responses. The reason for advertising it was that settlement was less than 3 weeks away and the Canberra rental market has been very slow (a house across the road from our home in the same suburb has had the 'rent me' sign out now for two months; other stories I had heard...
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    Setting up rental agreements before settlement?

    Thanks, I am talking to distinct property at the moment as they were my radar from a friend
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    Loan setup: equity loan with offset account for future IP

    Our everyday account only had $758.64 when the $158k went into account in 4 separate transactions ($78k, $50k, $10k, & $20k bank allocation of the loan money). I transferred the money out exactly in those same amounts. No other transactions occurred between them going in and going out so the...
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    Loan setup: equity loan with offset account for future IP

    The plan would be to split the loan in the future if really needed. Thanks I will look at transferring remaining funds back to loan.
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    Loan setup: equity loan with offset account for future IP

    Hi, I wouldn't mind comments on my loan setup. I didn't want cross- collaterisation like my bank suggested and came up with this: 1st loan: Secured against the investment property 80% value (approx. $320k and disbursed at settlement). * * 2nd loan Secured against our home equity for the...
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    Setting up rental agreements before settlement?

    Hi, I am in the process of purchasing an investment property in the ACT with Settlement only 2 weeks away on the 7th Nov 2014. We would like it available to rent 1 week later on the 14th Nov to allow us to get the carpets professionally cleaned and the back yard landscaped. We have signed up...
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