Figc wrote:
HiI may be missing something here – but cannot find a calculator for this.If i have an Investment Loan say 200K with 100K in equity

So P & I has been calculated for a 200k loan

Figc wrote:
that I draw out and place in 100% offset accountMy balance becomes 300K and my interest repayments are calculated on 200k? – However as my loan…[Read more]

Why would you do this when you can buy a new car on a 2.9% interest rate according to Toyota's advertising on TVhttp://www.toyota.com.au/finance/toyota-finance-advantage

Go to a bank or a mortgage broker and ask how much you can borrow.So you know what you can service.

You need to decide if you want to negative gear a property and hope for capital growth which may or may not occur (risk)OrGo for positive cash flow Where you pay off enough so the rent covers the expenses and earns you some money after expenses.then buy another one.

Can't be done !You have essentially borrowed 50k via redraw for your Private use being deposit for PPOR (Main Dwelling) So if you rent out original house interest claimable will be on 150k loan.Also the Tax office look/ audits investors who incorrectly try to claim interest on borrow money for a new house and then try to claim the new loan as an…[Read more]

You might find this site useful depending on if in Victoria .http://www.rookiedeveloper.com.au/http://www.activepropertynetwork.com.au/

If it is in Victoria visit a local consumer affairs office and pick up their pamphlets on being a landlord as they have pre-made forms for renting out houses. 

Also try contacting local churches and ask if they have anyone in need of any furniture especially new Australian families that may need furniture and if they can  pick up furniture.

anawanahuanana wrote:
Assuming such companies do not existThanks in advance.

I think the first few web sites might surprise you !!Some sites that may be of use to…[Read more]

Do a google search on dr house property as he has a seminar that informs on what can be done with options.

Landlord may rent out Strata Titled units while waiting for the money to afford a renovation before on selling each individual unit.Or may rent out as a backup plan if the selling plan falls through.Another expense is if you need to extend internal wall to top of roof in bricks to meet fire isolation of each unit.Another situation is original…[Read more]

http://www.ato.gov.au/individuals/content.asp?doc=/content/36596.htmMargin scheme usually relates to working out GST when you develop a subdivision and need to work out GST via a margin scheme.seehttp://www.ato.gov.au/businesses/content.asp?doc=/content/70665.htmhttp://www.ato.gov.au/businesses/content.asp?doc=/content/42072.htmI am not sure if…[Read more]

I am in the same situation as you.The only thing I have come up with but not done yet is to buy in a cheaper interstate location and then pay it off ASAP as the stupid Just Over Broke income loving banks and ASIC do not recognise massive equity as income. Lets face it you could borrow money and not pay it off for like ten years without a problem…[Read more]

Go to a comparison site Justin.http://www.shoparound.com.au/http://www.switchwise.com.au/Also if you want to see what power retailers are committed to not using coalhttp://www.greenpeace.org.au/climate/retailers.phpI am not sure on the customer service as some cheaper suppliers may have less service when you phone them.P.S they annoy me also-  if…[Read more]

If you are not already doing it see if you can claim any depreciation on the investment property via using a quantity surveyor.This will increase your  tax return and with this extra refund put it off the credit card without spending more money.Investigate if you can pay off the mortgages weekly rather than monthly if you are paying off…[Read more]

Cath if you want to find jv partners you need to find motivated similar property investors which you could meet at seminars.Dr Gordon Ku has a seminar that is teaching what you are trying to achieve.do a google search on dr house propertyIf you want to meet other similar investors you need to network before a deal comes along so you have an email…[Read more]

Toolern in VictoriaYou want find this suburb until the land development is released later on as it is a completely new suburb being planned.It is near Toolern Vale where the new suburb will be developed in the future.

The sites might be offering lower prices as one of them is targeting motivated sellers.When you want to sell fast usually you are forced to take a much lower offer than the market price.The buyer may then offer your house to a list of buyers they already have built up a database of.Or they may be vendor financing properties to clients on their…[Read more]

Tong wrote:
I'm sorry for not totally understanding you guys. Could someone tell me what is an offset account? Thank you, Tong

http://www.anz.com/common/calculators/homeloanscenarioau/faqs.asp#1question7http://www.invested.com.au/71/offset-account-2489/Be careful it is not a partial offset account trap for newbies…[Read more]

You might find a line of credit could be a better facility to use. Ask the bank about it.An offset account is like a savings account it is a lot different to a redraw facility.So if you have spare money you put it in an offset account up to the loan amount and save interest charges on your loan.So you could put the 50k redraw into a linked offset…[Read more]

If you go with the same bank then try not to cross co-lateralize the loans and try not to consolidate investment loans into one loan. Search this forum for cross or consolidate for more information on why to avoid this.if you own PPOR you can utilize the equity via a line of credit loan up to 80% of the PPOR loan. Ask the bank about this…[Read more]