karlm

They didn’t go through a structure with me as yet, once I told them I might not be able to resist my spending on the credit card, they said they wouldn’t really be the company for me, as the whole structure of there product is taylored to using a LOC. So i told them i’d get back to them in a couple of months.

From some comments i’ve been hearing on the forum LOC might not be the way to go for me. I wasn’t aware that LOC’s have an affect on the interest that you can claim from the tax man. It seems that a 100% off set account does the same thing and would get rid of the tempatation to spend additional funds (an issue that concerns me).

It also seems from what your saying that there would be additional costs for me to refinance my existing loan. Would have to confirm this with them though.[confused2]

Another reason I was looking at using this company was the motatavation factory and the idea that they would keep me focased on the final goal of being financially free. Might have to log onto this site for that though.[thumbsupanim]

TerryW,

My situation is as follow,

Currently renting. Have 2 investment properties with $200,000 equity. Just short of being CF+. Don’t have any debt apart from $8,000 on a credit card.

Have been advised that a LOC is what I should get. If I used a 100% off set account and not a LOC would there be any difference in how quickly i paid off the loan? Not sure I’d be able to manage the LOC without getting into trouble. If I used a LOC, when i paid off the credit card each month that i would be using for living expenses how does this affect the interest I can claim?

Sorry for all the questions but have been reading a few different options and am becoming confused.[weird]

Hello,

could someone explain more in regards to what a buying agent offers in way of services (obviously finds you a house but what research does he do).[blink]

What would a rough figure be towards cost?[laughing]

I’ve never though to use a buying agent!!!!! And wouldn’t have though to with out this post.[thumbsup2]

I’ve been to an initial meeting with Destiny Financial Solutions. I was impressed with the branch at Clayfield, Qld.

Margaret makes all members undertake extensive training.

My suggestion is to go to a branch in your area and talk to someone.

I will becoming a member this year.

Hope this helps…… Try the web site at http://www.destiny.net.au

Dare to Dream,

Could you please show me how you came up with those figures.

thanks[inlove]

Thanks Mike,

I have left things to late. But I’ve signed up for the next kick start and will wait for the next one to start.[suave3]

If you go to any bookstore you’ll find heaps of investment books, nearly everyone will have instructions on how to do a budget, just flick through a couple.

Most will tell you to take a pen and paper with you everywhere for at least a month and record every penny you spend. Then go through previous bills and record approx the next time these will be due.

There are a couple of things to start you off[exhappy]

Hi,[]

I turned 32 last week. I bought my first IP when I was 27. Purchased my second early this year. Hope to have another soon. [:X]

Hello,

After reading the above comments, I have decided to wait before attending a meeting with the new office that has recently opened in Clayfield Qld, Is there anyone here who is a client, I would really like to hear your comments.

Barb