Why not get a LOC for $90K then you can just draw on it as needed for deposits etc.  As you PPOR price rises or as you pay down your PPOR you can top up the LOC to buy more.

Take out a new separate 80% loan for each new IP. That way they are not cross collaterised.

It's true that yields can be deceptive. For example a unit may have higher yields but then you have BC to add.

Some people add the interest on the amount you borrowed but if that is the case you could just borrow less and every property is positively geared.

I assume (even if I haven't) that I have borrowed 105% (inluding purchase costs, stamp…[Read more]

munmun5.
What you are trying to achieve sounds great. I'm sure a lot of people will benefit from hearing about what you have learned.

As you said- there are all types. Some people will NEVER buy anything. I too have met people who have all the book knowledge but don't actually do anything. These people often frequent forums too and answer…[Read more]

Adrian there may not be people that will sign up to be your mentor but there are a LOT of people out there doing it that are very generous with their time.
As you said- go to meetups and meet people, talk to them, find out what they know. That will help you along your way.

Always listen to people who have what you want. They got there and so can…[Read more]

Yes correct info above.
When you redraw you are taking money from the loan. When you put money in an offset it's your money that you are lending to the loan. Therefore you can take it out whenever you like for whatever you like.

Too late now. You would be better now pulling out a lump sum and then not touching it. If you pull out bits and pieces…[Read more]

How do you know the prices if you haven't looked? I think gauging prices by just the internet adds can be deceiving. I've seen houses on the net that look amazing and aren't. I've also see VERY poor adds and went out anyway and have been surprised (there are some hopeless real estate agents).

Wouldn't be my recommendation but if it ticks all the…[Read more]

Hi, open homes are the quickest way to see a lot of properties. When starting to look into your chosen suburb you need to look at a lot. As said- make appointments to see others that look like they may appeal to you. Look at those below and above your target price too to gauge the market. 

When we first started looking we typed up a checklist. …[Read more]

If you are going to develop it, there's a good chance that you'll need to dig deeper than half a metre. I'd check that out further.

Is the $360k lend enough to buy the new house(assuming you pull the deposit from the current house)?

As you said, the rent will more than cover the interest (even including the money pulled out for the deposit.

So can you afford interest on $360K?

If you see house prices going up in your area, of course it will be advantageous to have 2…[Read more]

If it's one property and you have split loans you don't really own one. You technically own half of the property. I'd check with an accountant to see if this is legal to claim that you have paid down the PPOR side of the loan with regard to claiming interest.

So how do you claim the PPOR exemption when it's half rented? How do you put that on the…[Read more]

If you have a non deductible debt (ie your PPOR) always pay that first. Park the extra money in an offset against your non deductible debt. You can use this later if you want for deposits (or a holiday, whatever you like).
OK just realised you are renting it out so it is deductible at the moment. But better to pay less interest and lose a little…[Read more]

You don't buy it AS a PPOR or an IP. It is what it is. You can claim 1 residence as your PPOR. So if you live in it you can't claim it as an IP (as stated).

Sounds like you want to have your cake and eat it too. If you claim it as your PPOR you will not pay CGT but can't claim interest etc. If you claim interest etc you pay CGT. Decide which way…[Read more]

If you pay out the PPOR (I'm assuming the duplexes are on 2 titles? otherwise it's not possible to own half) and use it as security for the 3 other properties you are cross collaterised to the hilt. A good way of losing everything should you have cash flow problems. This is the opposite of security.

It also sounds like you are mixing investment…[Read more]

It's not an IP if your are living in it. You can't claim any deductions while you live there but it could be advantageous from a CGT perspective.

If you live in it first then move out you can use the 6yr rule and rent it out for 6 years and not pay CGT (assuming you do not own another PPOR).

Too many variables- as mentioned.

It really depends on your individual situation. Some people prefer to own a PPOR first. You can pay down some then borrow to buy an IP. If you have the opportunity to get cheap rent (with parents etc) take that.

If you have an opportunity to buy an IP but cannot afford to buy in the area you want to live, then…[Read more]

Hi Rick. Good to hear you have a sense of humour.

I should have put a smiley as I realised it reads a bit rudely. I did mean it tongue in cheek. Damn writing. Never conveys emotion.

I agree with knowing where you are coming from is essential. My lack of confidence stopped me from investing for MANY years. I must say in my defense though that…[Read more]

Hi, search PRE and TIC on google. There are mountains of threads on both.

My opinion- don't do it. I almost signed up for PRE. Was very keen and had $$$ ready to spend. They were very sexist and completely ignored me and neglected to ring me back. I had my husbands name on the form as my spouse and they DID ring him. He kept telling them to ring…[Read more]

Welcome to the forum. Some manners might help you get some answers.

eg Hi everyone, I'm new to this forum. Can anyone please give me some insight into how to set up a family trust. Thank so much. I appreciate any help you can give me.

You're welcome. Yes I'd suggest crunching numbers. Remember if you hold it though you can't pull all the equity out. You can borrow more to bring it to 80% of the value (maybe 90%) so you won't have $70K. Even if you sell you need to deduct selling costs. If buying something else there's stamp duty etc. It costs a fair bit to sell and buy again.…[Read more]

Rick sta wrote:
I am also 26 and would consider myself to be knowledgable in not only property investment, but finance and economics in general.  I enjoy learning about this stuff, but to be honest, I would never show up to one of these events. I'm slightly paranoid, upon meeting someone my first thought is- what do they want from me, also what…[Read more]