Search results

I think its simpler and healthier long term for ONE person to get a PBR on the "using discrete and isolated offset as suspense account issue) and if that comes out negative ( which i suspect it wont). Doing the above from a lenders POV isnt a problem per se. Depending on the borrowers...

LOCs have some of their own Chinks, some of which can be ugly Repayment on demand clauses, annual reviews , and some other little tricky kits in the bag. ta rolf

hmmmm. Product isnt ideally suited to your stated need then :( ta rolf

which lender are you using ? most lenders will allow an IO loan with redraw, so then you can isolate the borrowings AND have an offset with personal and rental cash flushing through it without too much concern - maybe t arolf

Hi DZ a common challenge There is some concern by some tax pracs that parking money in any offset generally should be avoided due to 1, Domjan V Ato ( and this applies to your scenario !) 2. Once money comes from a loan and is parked in a separate acct of any sort, this money loses...