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hey SO805 So after professional advice and also thanks to the forum members for advice also, The plan is only 1 of my investment properties had a redraw account all others where set up correctly to begin with offset/IO, To fix my error with this one its going to be a slow process but my...

Hey Rolf, Thanks for the help I actually got this debt recycling idea from this forum and have ran this though with my new accountant and he seems happy with this process... just 2 questions if possible... 1) would interest amount related to a IP also work with above method as this is...

thanks for the help JRC, I have never redrew money from this loan not once, I am a great saver :) For example loan is 100,000 redraw is 100,000 after refinance loan is 120,000 offset is 120,000 and no money still has not been taken out YET. my understanding is if I take out $2,000 from...

I think I haven't made my self clear, I no longer have a redraw account when I rifinanced it was changed from a loan with a redraw to now a loan with a offset account only, I wish to pay investment releated bills directly from this offset account as the purpose is for investment releated...

Hey Brady and thanks for the feedback from everyone, I had a investment loan which had a redraw account where I was putting cash savings into, I have since refinanced and the loan now has a offset account instead of a redraw, to fix my mistake of putting cash funds previously into a redraw...

To be honest I have spoken to a couple of accountants and have received mixed feedback which has made me confused or they don't do face to face appointments only phone calls ect not what I am really after. I am located in Melbourne so if you could advise some one who could specifically help me...

Hey guys have already spoken to professional sources but looking for some further advice to help fix a problem of mine moving forward, I have 2 investment properties the first one had a redraw account initially where all cash saving was getting parked into for a period of time before...

Quality post Jeremy :cool:

Thanks for your feedback... looks like it would cost around $2500/$3000 to do the kitchen I have seen photos and they look great... but would want to go see one in real life to judge I have been researching another company which have had some awesome reviews http://www.resurfacingaustralia.com.au/

http://www.aircoataustralia.com.au/gallery.htm Has anybody ever done this? and can give some feedback? Looks to good to be true... I am thinking about a personal reno where my kitchen is almost perfect buts its cream! and wont suit the rest of the house being white when painted, was thinking...

Thanks for your feedback Peter, and a great point about not over capitalising. I completely agree with you that a 25k renovation to increase the rent by that much is not great purely because most of the renovation comes down to me being fussy and the market wouldn't really pay for some of...

Hey somersofters looking for some opinions really... Due to personal circumstances its time to move on, I have one of my IPS in a location where i would love to live curently tenated for 17,000pa, But always planned on buying another property to be my PPOR which would suit my lifestyle in...

I pass Derrimut from time to time, have a couple close friends who live here I even play golf at the driving range in Derrimut, So my opinions are not make belief and didn't pluck them from the sky and make sh#t as I go along... Also note Derrimut is located directly adjacent to Boral's...

Derrimut for me personally is quite a ugly area, very industrial and full of Sudanese who rent homes here, but in saying that you can get a very cheap property here which is only a hop skip jump to the city so I think long term wouldn't be a bad investment, know quite a few people who have...

hey jerry.. what freeway connection are you talking about for Melton? cheers.

haahahha.. funny advertisement, never seen anything like it... :D

http://www.realestate.com.au/property-house-vic-sunbury-116853683

Thanks for that singo. and driving while learning that's clever no wonder why their are so many successful people on this forum!

Rixter! that link you just sent me will make me feel like a old man before I even get though 5% of it ahahahh will definitely flick though that link tho HEAPS of information.... thanks for a helping hand to all who have already posted :)

There a few! thanks... any must reads?