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  1. K

    is this cross collaterisation

    sorry guys, dun want to start a new thread since the title reflects my question... My current scenario: IP 1 Purchase price $500k, current value is $900k Paid Principle and Interest for first few yrs. Have $800k in equity. IP 2 - Purchase price $750k Loan 1 - $200k (Security is IP1) Loan 2 -...
  2. K

    IP portfolio that performs regardless of market movements!

    Sorry sash, Are you not allowed to further extend the 15yr IO period, ie longer than the 15yrs? Would the bank not allow this? As a beginner invester, and reading from this forum you can have IO for life, but with re-assessment with financials to support which I hope in the future would not...
  3. K

    IP portfolio that performs regardless of market movements!

    Wow I didn't know u can lock in 15yr interest only with those banks. Is there any restrictions if I do this, compared to the regular 5yr IO only. Thanks, K
  4. K

    What happens when markets turn?

    not yet, well not for 2015 as IR expects to d dropped next few wks... i expect something to happen in 2016. :confused:, which i hope it wont and sydney keeps growing :cool: ps: this has been discussed a few times in the other topics, have a search and u will find
  5. K

    What happens when markets turn?

    Sorry maybe a different topic, but when markets do turn (for the worse)... How much do the SS community have as a buffer, to cover for any loss if or when they do occur??? ATM I have $20k in the offset. ATM I continuing to put more into, recently save another $10k from my salary. So...
  6. K

    after the accumulation phase...

    Do banks 'generally' allow people to go more than 10yrs on IO loans? Generally in the sense i show there is sufficient funds to pay PI but I prefer to keep in offset for future opportunities. Regards, K
  7. K

    Property investing is becoming addictive...#2

    Hi Nixba, Thanks for providing a detailed story of this purchase. Im looking into interstate purchase as well, my main concern is the reno and repairs that need to be done prior to the IP being rented. I note that you used RPG to assist u in your purchase, did u also used ur Trust in...
  8. K

    Is there an EBM rep on here?

    Do u guys usually just buy landlord insurance only with EBM ??? And the home insurance with another? Or both home and landlord? Any benefits in buy landlord and home insurance separate? Regards K
  9. K

    What happens when Boom goes to Bust..

    im very new to this IP game, having recently purchased my 2nd IP in Sydney (around $750k), early last yr 2014. I just did some calculations and noticed that should IR rise to 7% or higher i would start to hit struggle street, in the sense that i have to contribute a portion of my salary to...
  10. K

    Land Tax on new purchase

    I hate to admit, but i made the same mistake. After reading so much, I totally missed the land tax component (after purchasing my 2nd IP). The only way to rectify this or minimize this would be via rent increase, renovation, time. So that the land tax can be a lesser ip expense. Unless other...
  11. K

    Shifty Tenant, give boot or make a deal?

    they are not following the contract conditions i guess, such as the number of tenants, etc. But IMO if they are not damaging the property, paying rent on time, then i would let it go. Otherwise if the property is in bad condition you have more power to kick them out.
  12. K

    Buying house in Kogarah or Carlton - south or any innerwest

    Sorry a side question. I know once the block of units are built you will be right next to it. Was ur decision to sell based on the developers advice? Are you being forced to sell? Since ur right next to a block of units, is the developer forcing u to sell so they can build another...
  13. K

    Oven not clean

    am i missing something here? shouldn't the landlord check the property first before signing the Refund bond form?
  14. K

    My Story 10+ Properties by 30 yo

    hi michael, i'm just wondering did u purchase all your properties via a TRUST/ multiple Trusts? it may sound stupid to advice ss investors here, but just wondering how he went about his purchases. Tx, k
  15. K

    My Story 10+ Properties by 30 yo

    This story is very inspiring.. i'm in my early 30s and feel im falling behind with my 2 IP's after reading his story. I know its not a race but very motivating none the less!
  16. K

    Starting Over Again

    im sorry, for asking some newbie questions. i would like to understand your problems so it can help me in the future and in the event anything similar happens. From your brief description about your situation; Could you not get in refinanced with another broker? What happened after...
  17. K

    Loan setup: equity loan with offset account for future IP

    Quick question. I know ur saying the funds are now mixed. But does it really matter if the funds is Only used for investment IP purposes, and therefore is this still fully tax deductible? Regards, K
  18. K

    Loan Structure for x2 IP's

    Apologies if i get u guys angry, and i know i really shud be talking to my accountant to clarify. But ur comment about the $20k (which is in the Everyday offset account), the $20k is offsetting my $210k loan. How do i calculate the interest on the $20k loan? Also should i now setup a Offset...
  19. K

    Loan Structure for x2 IP's

    Don't if this makes a difference, but i do Not have PPOR. All loans setup are investment purposes, and i have Not used any money for personal expenses. I have just topped up with some of my personal income, into the equity loan. Regards, k88k.
  20. K

    Loan Structure for x2 IP's

    Oh no!... if this can not be rectified, how do i stop this? what options do i have? NB: i input some of my personal income into the account, as it is a Everyday Offset account. I have NOT withdrawn any funds for personal use, all expenses so far are IP related. Regards, k88k.
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