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It's a sound strategy for the criteria being discussed, because he doesn't want to invest his $1mil. He want's to keep it liquid. Best you can get from a bank is 2.7 - 4% on your money with the higher rate less liquid. Any better returns you are going to aim for are going to be even less...

The confusion will arise because China is proposing to draw the loan down and then place in the offset. As such the money now in the offset is not personal money but in actuality is the loan money 'invested'. Start using this offset money for personal use and you are no longer using the loan...

Now it's just a matter of getting China to take the real first step - ACTION:)

My understanding of Chinas approach Find property at say $2mil Use LOC on PPOR for the 20% or even 30% contribution and then costs. So he will need $600k + stamps ($100k) + GST (unless going concern). You will be able to claim the GST back. Get a loan for the balance - $1.4mil financed...

A few more .........But who's counting;) The property management I will get back to you on

:D:D No. -23 meaning 23 years before I joined the forum. Same as Player. I have bought very few properties since joining the forum. Worst thing I did was start looking at more esoteric investments. Should have stuck to property.:o

-23 years. Have only bought 11 USA based properties since joining the forum. Cheers