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Hi BMAN, Thats a good poing. Honestly didnt think about that when we structured the loan. Im discussing with my bank to convert the second split to IO aswell and will maintain the extra payments in the offset. Thank you for your suggestion.

The destination for me is to acquire as many neutral to slightly negative geared properties as possible and manage these for a lengthy period of time .. e.g 10 years + .. The way I see it is I could make extra payments on each property until it is say $200 per week positively geared.. if I have...

At this stage we are paying more than double the minimum repayments every month. Im starting to think we could use that extra amount to service 3 or 4 properties. We are currently under 80% LVR with our first investment and have been told we can borrow upto 1mil.. The question is do we...

Thats exactly what we are doing at the moment, we are making the minimum payments on both splits and putting all extra money in the 100% offset account.

We are currently renting, we want to invest in properties with a good rental return rather than putting our money to buy and live in an owner occupied property..

We are paying P&I on the second mortgage split so besides the principal on that the remaining loan is IO ( so the whole $400k is IO and Fixed for 3 years at 5.59%) Is this what you meant?

Hi All, I am new to this forum and investing in property.My concerns is traditionally my wife and I have always been paying extra on our mortgage. I am now questioning if there is any value in contributing our extra income to this property or if we should use the cash flow we have to save our...