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True however I do not have an offset facility at the moment and due to aggressive savings on a shoe string budget I believe if I redraw the loan for personal expenses (unexpected bills etc) I will create a tax headache yeah? That portion I redraw becomes non deduct able?. At the moment I am...

Via the 1500 a week I put away

Correct its the direction i want to head though nothing is set in stone. Valuation will be done once repairs on house are completed before new tenant moves in. Is this best to organise through the banks or a 3rd party.

So if I go for a LOC pay down the LOC until i achieve say 50k, redraw that as deposit for IP2 and continue like this letting say IP2's interest capitalise with all payments going into IP1 for IP3 servicing IP2 where neccessary.. is this scenario doable or have major flaws?

Will be having a chat to a broker and lender next time I'm home to discuss refinance. Is a LOC able to be established as a primary loan or is it only a product that is secured by the equity of another loan?

Rolf: Not too sure on sales figures but i believe market is flat due to poor economics alot of businesses/industries closing down causing low new home approval figures. Although the rental availability in my suburb has dropped below 2%, two mines coming online later this year are sourcing...

Perhaps refinance to a loan that has an offset acc now.. or keep existing no fee loan and restructure on purchase of ip2..

Aaron: Say house is valued what i bought it for at 270k i can quite easily bring outstanding balance to below 245k (<90% lvr) for LMI reasons. Where to go from there that will maximize my leverage Build Cash....Or pay down loan further for IP2.. Cheers

rolf: This i am coming to realise, however is it benificial to me to focus on building a cash deposit to achieve say 85-90% LVR on IP2 of say 450k and take LMI out on existing property say @ 90% LVR or whatever the property is valued at the time of restrucuring. OR Pour all cash and...

Approx 250k is owe

rolf not too savvy on the in depth financial analysis but am working on it. Bought the property at the ripe ol age of 22 whilst completing my apprenticeship and was given the benefit of guarantor to make it happen. However moving forward it is essential to remove the risk from them should my...

Hi Everyone, I have taken upon myself to straighten out my finances rather than blow it on grog, cars and other shiny stuff and enter an aggressive acquisition phase if you like of IP over the next few years and have thought of a number of scenarios to best set myself up. I currently...