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Oh wow, so essentially I can accumulate IP's to the point where Im paying next to no tax?? that doesnt sounds right :eek: so why dont more people do this? and why didnt i do this earlier :rolleyes: Thanks for the clarification chaps!

I cant find a post on this, pls point me to one if it exists. This is all a bit jumbled in my head, so apologies in advanced, hopefully this makes sense to someone and they can explain it Can someone in the know pls give me a breakdown of what happens come tax time. I have bought my first...

Thanks for the advice fellas, much appreciated. I will move the remainder back to the loan acct, they all offset my mortgage anyway (cba). Thanks!

Thanks Marty, It is in a separate offset. My intention is to use 50K for an IP purchase and the remainder for 'mixed use' (buffer, consolidation etc). Can I put the reno costs + purchase costs together? ie 50K or do I need 2 split loans? 40k and 10K? thanks

Hi, Just wanted some advice around splitting loans. Say I have an equity loan of 100K for investments. I buy an IP for 250K at 90%LVR. I settle on the IP and my total costs of purchase including deposit come to 40K (all of which came from equity loan). For tax purposes, do I then ask...

Well done wrexter! congrats! Such an interesting IP... Would you mind sharing the costs involved for your BA? thanks

bought a couple of time from Garden Express...great range and no issues with delivered product...

@roy ...I was after something in Logan shire, Eagleby was not my first choice, but it has development potential (lots of t/houses there) and the sums made sense, so I went for it. Close to beenleigh station and basically equi-distance to brissy/gc. Also has gf potential. @tmnt the BA cost an...

A special thanks to you Cherry Pro! thanks for your time on the phone earlier this year and for putting me onto the BA...

Thanks guys... Yeh chomping at the bit to get back in there!! How soon after buying can I revalue?

Hi Guys, Well I finally bought my first IP in Oz. It has taken me just over a yr of research/study, but I am happy! Bought a house through a BA, in Eagleby, QLD. Very happy!! 3bed1bath on 1020sqm fro 250K, renting for $325pw, should be able to re-val to 280-300K. Around July last yr...

Not sure if this has been posted before, but just came across this site. Claims to give more accurate pricing/valuation of property''s https://realas.com/home/

ok yeh thought so...thanks

Hey guys... Anyone know if the data that is in the back of property magazines is downloadable from anywhere? I would like a soft copy of the data. Thanks

I was under the impression that when going 95% for IP's then the number of lenders is quite limited? Is this true? Servicing: Combined salary 150K+. what else do you need to know? Location: Logan, QLD Thx

Hi SS's Can you guys pls outline, say a top 5 of lenders (in your opinion), that would lend up to 95% for IP's. And also maybe some lenders to avoid? Thanks.

DOH! was afraid of that!

Hi all...Question around structuring of ownership and its tax implications. Scenario: -Wifey is off work atm watching new born, will not be going back to work till July 2014, once she goes back it will be on a part time basis. - Wifey when fulltime earns around 70K - I earn above 150K -...

Hi all... I am looking at dual-occ site, where there is a a dwelling at the rear of the prop which is already built as a GF, I would need to get it council approved though. Was just wondering if anyone has any experience in putting up a fence (im thinking colorbond) that will split up the...

not really related to the original post, but does anyone know an easy way to do a search within re.com.au for all of greater sydney? so lets say within the bounds of say berowra, richmond, penrith, campbeltown, sutherland?? i cant find an easy way to do it, other than selecting areas out of...