Search results

  1. Bazza

    When to purchase your 2nd IP? How do you determine/decide this?

    Yeap. I have a HDT and that's exactly what I do. But, nobody wants to talk about HDT's :( Cheers, Bazza
  2. Bazza

    When to purchase your 2nd IP? How do you determine/decide this?

    No wonder your mixed up with all these questions ;) I believe (may be one of the accountants on the forum could confirm) that if the IP is in your name only then it doesn't matter where the deposit came from you can deduct the full amount from your income. Cheers, Bazza
  3. Bazza

    When to purchase your 2nd IP? How do you determine/decide this?

    Yes you can link and track all your equity and loans. As you purchase another IP you add that database to your portfolio. Whether it is in your name or in a Trust it is best to have each mortgage secured by the one property and not by other equity. eg say you have $150k equity in your...
  4. Bazza

    When to purchase your 2nd IP? How do you determine/decide this?

    Hi Mixedup, Unless you buy the IP in a Trust. The problem is cross collateralisation meaning the banks like to hold all your properties as security just in case. It is best to keep each IP separate if you can. Cheers, Bazza
  5. Bazza

    When to purchase your 2nd IP? How do you determine/decide this?

    Excel is the obvious thing to use but it is pretty 'dumb' compared to PIA. I also tried Access and thought of writing my own code but there is a lot more to it than you first think: Income tax Stamp duty (different states) Sales Commission CGT Land tax (different states) Superannuation...
  6. Bazza

    When to purchase your 2nd IP? How do you determine/decide this?

    I agree totally. I use my PIA software for 'what if' analysis all the time. In fact I asked Ian to put in the 'Undo' feature years ago as it helps with playing with numbers. Cheers, Bazza
Back
Top