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Hi All, I've read many of the offset / IP loan / tax deductibility threads but still can't get my head around my own situation. I once had this scenario: PPOR loan = $200,000 IP loan = $248,000 ; secured against IP only Equity LOC (for investment purposes) = $200,000 ; secured...

I know this question has been asked before, but I couldn't find any useful recommendations with my searches on the forum. Can anyone recommend a good PM for this area (Springfield / Springfield Lakes QLD 4300) ? Thanks :)

Hi All, I was notified via my PM that my tenant had written a letter explaining this situation: A thermostat problem with the Hot Water service has caused their electricity bill to jump from around $200 to $700. The tenant has provided copies of their previous bills to verify this and the...

Hi Folks, I am just wondering if a LOC that is set up for investment purposes can be used to pay an expense such as a building and pest inspection? I understand that the inspection itself is a capital cost (added to the cost base of the property) but would like to know this: If a LOC is used...

Hi All, I've been reading the recent (and excellent) discussions on the pros and cons of using a BA, like in this thread: http://www.somersoft.com/forums/showthread.php?t=52316&highlight=buyer%27s+agent Would anyone be able to recommended a BA that specializes in properties within 5-10km...

Hi Folks, I'm looking at buying our 2nd IP somewhere around the Enfield / Clearview / Northfield areas (perhaps). Trying to find something around the 330K mark that is a new(ish) villa - I'm interstate and my question for anyone who might know or have any experiences with H & L packages in...

Hi All, I'm getting ready for our 2nd IP purchase and will be seeing a (new) accountant beforehand but would just like to get a handle on this question: What would be the benefit of a 99/1 ratio for myself and my wife as tenants-in-common on this 2nd IP (the first is in my name only) ? I...

Hi Folks, Any thoughts on buying in the suburb of Brahma Lodge? I have a 2-year old IP in Parafield Gardens in one of the streets with mostly new properties and have been thinking about buying something similar in Brahma Lodge...just trying to get a feel for the suburb (reputation, possible...

Hi All, My first post - have done a fair bit of searching here for any experiences or knowledge of the "Wyndham Waters" estate (to the west of Melbourne) but only found some posts from early 2004 when it was first started. I'm looking at a H & L package there for an IP. Land is $133K for 461...