As Terry says there are a lot of share trading programs or software out there. Definately do more due dilligence on these programs, try asking the same question on some stock trading forums like Hot Copper etc. Maybe you'll get a more specific response there. Buy a few Investment magazines etc and see whats around. Lots of crap out there.

Cheers,

9ball

Hi Trakka, Richard 

Thanks for your replies,  

It has been interesting discussing the subject and I can see that the purpose of the original loan would not be directly for investment purposes. This is “crystal clear “as you put it Trakka, and I would not attempt to try and claim it as otherwise, in fact it was Scottybe’s question regarding “how would they know the purpose”, not mine. I suppose I did hijack his thread and perhaps confused things slightly.  

As to the pro’s and cons of structuring further borrowing with a LOC secured against my PPR or using an interest only offset loan I suppose that subject may need further discussion. Depending on what my future plans are, I think that I may need to start a new thread as things may get complicated later on. Thanks Richard for your input on that.  

Cheers, 

9ball.

Hi Terry,

Thanks for the reply,

Do you think i am doing things the right way in paying off the PPR first and setting up the LOC?

I will give you a call in the new year to discuss my finance strategy and see what products are avaliable regarding a LOC and using this to buy 2  further IP's.

Cheers,

9ball

Time to change managing agents i think!!

9ball

Hi Ivan,

Thanks for your reply, i see the way you are thinking.
You want me to draw out the equity on the IP and use that for further purchases, that way i wont have the costs of setting up the LOC etc. And i can claim all the interest costs against my tax bill,seems perfectly sound, i agree.

However the aim of doing it my way is to pay off all my personal non deductable debt on my home first. I know there will be the costs of setting up the LOC and offering my home as security but i think i will be better off doing it my way in the long run. I want to organise a sound platform to work from and i think this is the best way to do it. Moving forward from here all my debt should be tax deductable. And i wont have a personal mortgage anymore.

I just wonder if the extra interest payments on the 1st IP that i used to pay off my PPR can be offset against tax, considering that the ultimate purpose was to create a tax efficient structure to buy further income generating assets.

Cheers

9bal.