If you have multiple IP loans with the same bank.For this example you do not own a PPOR.Would you ever setup more than one offset account?Cheers,Adrian
I thought of this idea sometime ago aswell, and was greatly disappointed to find out it wouldnt work The big items like your insurances (LL and Building) / Reno costs are payed by CC, you can rank a few thousand just there.
Hi Terry,Thanks for clearing that, but does a 'home office' need to be a seperate room of the house? ie second bedroomOr could you get away with having a study of the side of the living room?Thanks againRegards,Adrian
Terry, With the way you have answered that question, I dont like the way the conversation is heading lolBut for my 9-5 job, I work from home 3-4 times a week and was hoping this would tax deductiable?Also running all the paper work and computer usage from investing aswell.Please inform me if i am totally wrongRegards,Adrian
Maybe a silly question but thought id askDoes the QS report have to be completed before this FY ends?ie. if i was to organise it now, as someone above said it takes about 6 weeks (so July sometime) could i use this in FY 11 – 12?Cheers
bugeye23 wrote:
The angle i'm coming from here is I don't want to sell my property in the near future but want to see if the banks would recognise the value difference in my property with a income producing asset added to my PPOR? Because what the bank values my house at and what the market would pay for it are 2 different t…[Read more]
Laying floating floorboards can be a relatively cheap solution, If you have someone handy in the family. They are easily installed and using the lower end of the pricing range per sqm could do the trick.Just food for thought..
I think Tracey summed it up pretty well with her last line"When purchasing I always ask myself: Will this purchase take me closer to my goal or further away?"Everyone has a map to where they want to be in 5, 10, 20 years time. No other person will take the same route to get there. So analyse if this will fit in your portfolio (with help from y…[Read more]
Hi Elisey,I have had pets at my current tenanted properties, with no issues at all.I would recommend you to find out what the pet is, and do a little research on it to see what 'bad habits' it has.Also would possibly talk with the Property Manager to include a clause on the lease to not let the pest inside the house also.Just a thought – hope it…[Read more]
Thanks Terry for your advise.In general – I have been told that you have more leverage when dealing with the lender directly. As when dealing with a broker you do not have the personal presence, and they are the middle man. If i am incorrect please advise