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    How to get cashout

    Thanks Rolf. With regards to redraw, so if loan is drawn down i.e. 100K and 100K is put back into the loan with full 100K redraw then won't I be paying interest because loan is drawn hence I would have to pay monthly commitments. OR because loan is paid back in full with entire amount...
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    How to get cashout

    Hi All, I am currently refinancing my loan, unlocking equity So my loan would be 400K (tied against PPR). Variable P&I loan with offset And cash out amount would be 100K. This would be used to buy investment property in future. My question is what's the best way to structure this...
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    So i bought in Mt Druitt 4 years ago..

    Hi, So lets say structure for OP is: Loan 1: 200K; Loan 2: 50K with offset (offset has savings of 20K) Both loans are against investment property So in total OP is paying interest on 230K; and now he goes and buys a car for 20K;so he starts paying int on 250K , but car is for personal...
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    Disadvantages of fixing

    Hi, I am bit confused, OP has IP1 loan with variable rate with LOC to pay for dep, costs for IP2, IP2 he wants to fix for 5 years. So now I understand if he sells IP2 before 5 years, economic costs would be applied. But OP wants to know, what happens if he sells IP1 within 5 years...
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    Renting while paying off my IP?

    Hi, I have done this before. You wont get the grant for investment property. I did this initially where investment property was given to tenants and I was sharing an apartment with friends. It worked well because I was close to work and provided me with flexibility of moving jobs in different...
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    Air Cons- tax deductible?

    If u replace then depreciation can be claimed on those items
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    3 and 5 year fixed rate thread

    HSBC fees Establishment fee: 552 Monthly fee: 35$
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    Is this a good buy in Newport?

    13K for that sort of property is a lot. No way its neutrally geared and body corp fees are high. Take your time, do your research and then if needed get a Buyers Agent. I could use 13K on renovations rather than giving it to a BA for that property.
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    Solicitors Fees and IP Loan deductability

    Hi, I think solicitors fee, conveyancers fee, building and pest report fees, form part of cost base and are not deductible unless you sell a property. Best to check with accountant.
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    From the late and great Jim Rhon

    So true n inspiring
  11. T

    What do you do?

    IT Contractor 2IC with one of the Big 4 banks, started a business recently so handling 2 ships right now
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    Somersoft Spreadsheet Collection

    Hi Rixter, Can you send me the copy as well Thanks in advance Regards, TV
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    Casual employment

    Have pm you Rolf
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    Casual employment

    Yep I do, I have some properties in my portfolio so lot of my friends approach me with regards to getting into the property game..
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    Casual employment

    Thanks guys, LVR 90% Preferred options: ANZ and NAB, would they allow it? Some savings are a gift of lumpsum money from overseas parents
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    Casual employment

    Hi, Scenario for a friend : Appl 1: full time income of 59k plus super Appl 2: spouse working casually , current job only 15days old and prev job was for 5 months, even prev role was casual First home buyers , seeking to borrow 350k for prop purchase of 420k Can spouse income be considered...
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    Ballpark cost to set up a trust?

    Hi, Approx cost of 1200 with personal trustee and approx 1800 with corp trustee Shop around and compare prices
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    Tell Your Profitable Story

    Great work, what was ur strategy?
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    Paying off PPOR good or bad?

    loan 2 - 136k undrawn loan - whats left of an 80% lend (dont contaminate) - use as a deposit, stamp duty, holding costs etc for purchase of new IP - Can you do that? For long can you keep the loan undrawn. If property purchase is not due for 6 months - 1 year. What happens if you decide to not...
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    roof repairs melb

    Hi, I had done something similar for my roof last year. Posted the job on service central its free and then tradies contact you and provide free quotes From memory, job done was - Rebedding - Repointing - Replace broken tiles - Pressure wash - Spraying 2 coats - 7-10 year warranty...
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