Damon

Damon replied to the topic Calling all Savvy Accountants! in the forum No Subject 20 years, 12 months ago

Thanks guys, been a great help! []

Damon replied to the topic New PPOR, Current PPOR to IP in the forum General Property 20 years, 12 months ago

Agreed, I will need a savvy accountant.

I live in Adelaide, do you know of good ones here?

Cheers

Damon

Damon replied to the topic New PPOR, Current PPOR to IP in the forum General Property 20 years, 12 months ago

Ok, it seems I have a problem.

Ay ideas on what I should do? (I will be seeing an accountant before I do anything)

What if I skip payments on my current loan? Since I have an extra 15K in the loan, I may be able to skip payments on the loan for a long period. I can then pay all money I would normally put into the loan into the ING account.
Would…[Read more]

Damon replied to the topic New PPOR, Current PPOR to IP in the forum No Subject 20 years, 12 months ago

Thanks All!

MH, when I say pull all the equity out of my current loan, I guess I really mean, redrawing the extra repayments I have put into the loan, which will not change the loan. Am I right in saying there is a difference between redrawing equity and redrawing extra repayments?

So, essentially I will just be redrawing from the current…[Read more]

Damon replied to the topic “Guaranteed return” on serviced apartments? in the forum The Treasure Chest 21 years, 9 months ago

Hi Keith

And a big “Hi” to everyone on this forum! Long time reader, first time poster…I feel like I know you guys already

The quote from your post looks very similar to the recent contract I received from a company marketing serviced apartments(e.g. guaranteed returns, depreciation etc etc.

I’m still yet to buy my first investment property…[Read more]