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Hello Everyone. :) Say I have an IP that I want to sell. Unfortunately, instead of profit, I will incur a loss. Questions: The current tenants are contracted for several months. By selling the property, what will be the implications on my side? Say the loan of the IP is $300K. If the...

Hello, We're entertaining the idea of converting our current PPOR to an IP and renting a bigger place to live in. Just doing a very high-level number crunching and this is how it's looking at: We do want a bigger place but cannot afford to purchase. Thus, the idea of getting back into...

Hello, Say we have 1 IP and a PPOR mortgage. We would like to compare scenarios (e.g. crunch some numbers) like turning PPOR into IP and renting versus selling PPOR and buying a new PPOR. Who would be the ideal number cruncher that we should approach, a tax man or a financial advisor...

Hello, What would be the recommended home and contents insurance provider in Queensland. Say the property is in the Caboolture area? At the moment, I have an insurance (car) with Budget Direct. I haven't spoken to them yet but just wondering if anyone here has any experience or...

Hello, Say, this is the situation. Total loan is $360K secured against PPOR which is currently valued at $470K. Loan 1: $301K with 100% offset Loan 2: $59K redraw (reserve for IP deposit and expenses) Say we are purchasing an IP where we can only afford 10% of the deposit given that we...

Hello, We're looking at fixing an IP loan on 5.95% with RAMS for 2 years. I know these are vague / subjective questions, but here they go: :confused: Is it ideal to fix your rate on an IP? How's RAMS as a lender? Other "better" options out there? Any important points to consider before...

Hello, We are thinking of refinancing from the current loan for our PPOR. Total loan is $360K and split as follows: Loan 1: Balance $271K / Redraw $0 Loan 2: Balance $0 / Redraw $59K LOC: Balance $30K / Redraw $0K PPOR is valued at $450K. We are looking at refinancing to have a 100%...

Hello All, Tried searching this topic but cannot find any (or maybe I'm not searching hard enough :o ) so here it goes... I read an article with regards to salary packaging rental expenses here. Is this totally different from submitting a tax variation form? If you salary package, does...

Do you abide by a rule or certain level of gross or net rental yield when evaluating an IP? Say for example, you don't consider any IP showing rental yield of below 4%? Or, do you give less factor in the rental yield if you're confident on the CG that the IP will achieve in the future?

Hello, Say you have a brand new/off the plan IP. What are the necessary insurance the landlord should have? Thanks.:)

Hello, Apologies as I know this topic has been discussed numerous times...but, call me slow or whatever, after reading over and over I'm still a bit confused...:confused: What we want is a structure that support an IP and won't make ATO frown upon us...From all the readings I've done, it...

Hello, Background - A family wanted to have an investment for the future blinded by the marketing hype of an all-in-one financial and investment services. Currently having a difficult (and expensive) learning process. :o Scenario: Involve with an all-in-one financial and investment...

Hello, Anyone here familiar with Redbank Plains area in QLD? We're in the process of getting an IP from a new estate called Henderson Chase. It's a brand new duplex (3-2-2) with a total area of 154.2 sqm for $336,400. Any thoughts would greatly be appreciated. Cheers! :)

Say you applied for an LOC loan for $30k. What should be your initial balance? -$30k or $0? :confused:

Say the time comes that we want to upgrade from our current PPOR. I know it's a very subjective question but is it better to sell it or convert it to IP? Apparently, proceeds from selling your PPOR will not attract any tax - tax free money that is. Is this true? :confused: While if you...

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Just wanted to share this article.

Hello All, First, happy to find this forum and hopefully will learn more along the way. I've searched/read some threads that has "mortgage reduction" mentioned. Can't help myself but to start one with regards to my current situation. Last year, we joined a one-stop shop investment...