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Hi all, I went to buy a laptop yesterday through the business and was prepared to pay cash. I've always thought flexi rent was some what similar to selling your children in terms of financial evil but the sales guy was telling me is much better from a tax perspective. Now I'm fairly...

Can someone please run their eye over this for me? 2 units on one title, so one loan. 1 unit is rented, one is PPOR. Now, just say we split the loan in two, one for each unit, and had the offset account fully offsetting the PPOR portion of the loan. My thinking is that the...

I've got my first non paying tenants who have been sporadic in payments for over 6 months - we had court today where the registrar said we couldn't see a magistrate to get them evicted until August. I was under the impression that was what was happening today. Quite clearly this is absurd -...

Hi all, I have a client thinking about H&L in Toowoomba - is there anything significant she should be aware of? I'm not familiar with the region at all so would appreciate any insight. She's after cashflow mainly. Thanks!

When the tenants moved out of one of our IP's recently, they broke one of the hideous pretend stained glass rose glass panels in the door and boarded it up. We were quoted $3k+ to replace the lot. So in a effort to make the house look less like a drug-house, while at the same time keeping the...

Hi all, I've come across a scenario where I'm uncertain of the tax implications and hope you can shed some light for me? Property 1 PPOR owned by Uncle and Niece. Loan split 1 - original loan, both borrowers loan split 2 - used for IP in niece's name only. If loan 2 has both PPOR...

Hi all, Not happy with my current PM, and would love some recco's for RE's that are local to my properties - both in kelmscott/roleystone area. Also fee structure please - I do like the flat fee if possible. Current PM seems to think being paid up to the 10th April is up to date so...

Hi All, I have a high income client who has just signed a contract to purchase/build their first IP - BUT in the same week found out they are pregnant and may not get any paid maternity leave due to being over the threshold. My nutshell question is, assuming the land settles this month, is...

Hi all :) I feel compelled to write this post because last week I had a significant number of people chatting to me after getting horrendous advice from their brokers - advice that could cost them quite literally over a hundred thousand dollars over the life of their loan/s. If you've...

I don't know if anyone is looking at cash flow +ve props in Hedland ATM, but I found this in my travels and thought it might be worth mentioning just in case some one was in a position and it fit with their goals. I always find 'motivated' sellers interesting :) I have no affiliation with the...

Hi all, I remember ages ago it used to be okay to use a LOC to pay interest, all prop expenses etc, while having all rent going into offset against PPoR. I'm assuming this is no longer allowed, but can someone please confirm? Thank you!

Can some one please tell me how repayments are treated tax wise during construction when PPOR is being developed into 2 units? One of the units will still be PPOR when they're built and the other rented out. Thank you!

Hi accountants, If someone is renting out their PPOR while they are living away for work and their house is remaining their PPOR for capital gains purposes, they can still claim their interest and expenses during that time, right? Or not? Thanks :)

Hi all, Just a quick question - if I have a mixed use loan that I pay off to a zero balance, can I then redraw the funds for investment purposes only and claim deductions? My thought is yes, but want to be sure the ATO will agree :) Thanks!