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So we think that it's probably a good idea to do it that way? Never knew it could be a pain to help the kids, haha! Also rolf - do you live on here? I've asked a bunch of questions and you've been the first to respond on most of them! Pure gold mate!

Hi guys, got a quick one - After 8 years, a wedding and a grandbaby on the way, I've managed to convince the inlaws that I'm a nice guy and now they love me. To prove this, they've decided that they'd like to purchase an IP and have us live there on reduced rent - it's a brand new place so the...

I've gotta agree with the guys here saying to take it in your own hands - I was a renter in Hawthorne, Brisbane for a few years up to late 2007, and rent went up $5 each year to a max of $210 when we left. We knew we were getting cheap rent so never complained, but when we left the owner must've...

Rolf's advice is gold - I was interested in IP's about 6 years ago, but since then I got married and travelled the world for a few years, and now we're back in Brisbane with a bun in the oven, so back into it I go. This forum is great for simple nuggets that can change the way you think about...

Forgive me, but what is a BIG meeting?

Thanks guys - the saving part was more or less my thoughts as well. Thank the lord for in-laws, eh? I do have a stable job, but at the moment no real savings. I also have zero debt which is great, and cars etc all paid out. So I would need to sit down and save the 10% anyway. I'm not sure...

Hey everyone, me once again, but this time with a far more general question about deposits etc - it needs a bit of a back story. I'm 26 and married, my wife is 6 months pregnant with our first child and we've just moved back from 2 years in London, and currently staying with my parents while...

Sounds like the guy in charge of the place is trying to make amends - maybe he really was unsure exactly what was going on. Best to keep an eye on it just to make sure, but at least it's a pretty decent resolution - could've been worse!

Ahhh, the old "sting-em-with-insurance" bit, eh? Thinking I should start my own bank. Cheers for that folks. Y'all sure are clever - hopefully in a few years when I'm worth bajillions of dollars I can come back and share knowledge with newbies like me. Good karma. -Adam

One last bit - LMI? I'm still learning :D

Rick - thanks for the rough figures, essentially what I thought then. Rolf - hypothetically, let's say it's a $300,000 loan for a $330,000 investment property (so no FHOG) in Brisbane. I've got the hypothetical $30,000. Not sure that I was chasing very specific figures, just a rough...

Hey hey, it's me again - just a quick one to see if I can save myself trawling through the paperwork of a million lenders. Borrowing costs for taking out loans (establishment fees, etc etc) as well as buying costs (stamp duty, conveyancing, etc) - is there a ball-park rough figure I could...

You guys are brilliant - thanks so much for all the info. Now to get that pesky deposit up... Cheers again all.

Hi Richard - that's actually what I meant, just didn't word it properly :p Stupid English. So what's the difference then, if any, between an offset account and a redraw account?

In a savings account, you'd get taxed on the interest - but in an offset account, you're reducing the amount of interest that you have to pay on the original I/O balance, and you claim that interest as a deduction anyway. That sound about right? I'm learning a heap off these forums - good...

Ohhhhhhhhhhhhhhhhh. I think you're right - I was reading the top "sticky post" in here by Simon and the story he tells suggests the same thing. In that case, I totally understand now and will almost definitely be doing the I/O + offset etc :) Hooray for learning!

Wow, thanks for the quick answers guys - didn't know there'd be people on here so late! So it basically makes sense that you roll the IO period over - my assumption here is that of course it would "eventually" be paid off, but that rental income (in a perfect CF+ world) would cover the payments...

Hey all - I've been interested in getting into property for years now, but have been travelling the world with the wife for the last few years so it's been at the back of my mind. Now I'm back in Brisbane and settling down with a munchkin on the way, and getting back into it - although probably...