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Hi all I want to use the equity on my PPOR to purchase an IP and want to know how I should go about doing this. Current scenario: PPOR bought for 265K (IO loan) Should be worth between 300-315K+ now (based on other sales) So can anyone give me advice on where to start? Do I get my...

Hi all I just bought an IP and am not sure if it's worthwhile getting in a quantity surveyor to get a depreciation schedule? I haven't had experience with this before. The property is a unit, 38 years old, previous owner put floating floorboards in about 3 years ago, modern-ish kitchen...

Hi all Can anyone recommend a good accountant in Western Sydney (preferably Parramatta area) who will be able to do my taxes and also advise on a loan structure for future IP investing? Thanks in advance.

Hi all Its been 8 months since buying my first place and i'm ready to purchase another. Before i ask my question, here is how it currently stands: IP1 value = 300000 Loan = 240000 (IO) Equity = 60000 Cash (offset) = 50000 Ideally for IP2 i'd like to spend as little of my own cash...

Hi guys I'm thinking about renting out a room in my 2Br apartment, which is my first and only place at the moment. I bought it with the intention of turning it into an IP. The plan was to move back home with the folks and rent out the place, however I now want to stay here! :) So renting out a...

Hi all So after looking for the past few months, I finally found a place and put in an offer which got accepted! :) I would just like some advice though, as I am faced with the following situation. The apartment I bought is pretty grubby, and not in the best shape (although with a good...

Hi guys I was just thinking about this, keen to hear your thoughts.. Purchase a property with a PI or IO loan. Live in it, but not as PPOR, so effectively you are renting from yourself (or could even rent to a partner for minimal amount) Can you negative gear the shortfall on interest...

Hi all I've been reading alot on this forum lately and decided it's finally time for me to post - so hello! I'm ready to purchase my first IP - it's been a long time coming, but the time is right for me now. A bit about me to put this post into perspective: Living at home Stable...