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My stupid question for today is how do I use a LOC to fund the small stuff? The scenerio is that I trot off to bunnings to grab some stuff for IP and I pay by credit card. Judging by the comments from this thread, I cannot "reimburse myself" by transferring the funds from LOC to credit card...

Hi guys I'm about to convert my PPOR townhouse to my first IP and have a PAMD 20a form to fill out. It's almost as daunting as signing my first PAMD 30c. Anyway, I have a few questions about filling out this form. 1. A PM had 90% water is paid by tenant and 10% by landlord to avoid...

hi guys i guess some newbies fall into the trap of redrawing from their loan (for personal use) thus screwing with deductibility. most forumites would say sell but what options are there if they decided not to sell? i read that you can only deduct a percentage. lets say the remaining...

hey all ppor is getting built in an estate at the moment. neighbour's house is already built and they've moved in. on monday night we went around to check what the builders did during the day - checking up on brick progress, etc. when we arrived, wife heard a loud hissing noise near the...

Hi guys I've been reading this http://www.somersoft.com/forums/showthread.php?t=54387 and this http://www.somersoft.com/forums/showthread.php?t=54502 but it's giving me a headache. My situation: Current PPOR - townhouse Purchase price: 260k Loan: 100k variable + 100k fixed...

Hi all I'm looking to get a turn-key package as my PPOR. The house is yet to be constructed and I'm looking to cover myself with escape clauses in the contract. I know of the usual 'subject to finance' but would 'building and pest' apply? A home is currently being built next to the lot...