Hi Redwing
Yes the above does look correct : )
Cheers
Corsa
Thanks Corsa,
Where does one go for assistance in setting up your accounts such as this..is it trial and error for the majority, i.e BC (Before Corsa), because the staff at the bank seem perplexed by it all;
4 IP's, 5 Loans, a working account, a Credit Card linked to the working account cleared each month, an Account for the HDT Trustee to recieve rents and then paid to the unit holders, a LOC partially drawn down and invested in a Income based Managed Fund whose returns pay back the LOC and reduce it,the rest as a Safety Buffer.
Now thanks to this thread I'm trying to sort out the accounts to maximize and clarify them (deductible debt and non-deductible debt as wellas business and personal expenses)..maybe when I'm a big enough customer the bank will give me a "relationship manager"