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hey SO805 So after professional advice and also thanks to the forum members for advice also, The plan is only 1 of my investment properties had a redraw account all others where set up correctly to begin with offset/IO, To fix my error with this one its going to be a slow process but my...

Hey Rolf, Thanks for the help I actually got this debt recycling idea from this forum and have ran this though with my new accountant and he seems happy with this process... just 2 questions if possible... 1) would interest amount related to a IP also work with above method as this is...

thanks for the help JRC, I have never redrew money from this loan not once, I am a great saver :) For example loan is 100,000 redraw is 100,000 after refinance loan is 120,000 offset is 120,000 and no money still has not been taken out YET. my understanding is if I take out $2,000 from...

I think I haven't made my self clear, I no longer have a redraw account when I rifinanced it was changed from a loan with a redraw to now a loan with a offset account only, I wish to pay investment releated bills directly from this offset account as the purpose is for investment releated...

Hey Brady and thanks for the feedback from everyone, I had a investment loan which had a redraw account where I was putting cash savings into, I have since refinanced and the loan now has a offset account instead of a redraw, to fix my mistake of putting cash funds previously into a redraw...

To be honest I have spoken to a couple of accountants and have received mixed feedback which has made me confused or they don't do face to face appointments only phone calls ect not what I am really after. I am located in Melbourne so if you could advise some one who could specifically help me...

Hey guys have already spoken to professional sources but looking for some further advice to help fix a problem of mine moving forward, I have 2 investment properties the first one had a redraw account initially where all cash saving was getting parked into for a period of time before...