I agree… Cross-securitising loans can be dangerous if there is something like an “all-monies” clause… Basically gives the bank permission to access and call in all your properties if they see something wrong/bad happening

If the property costs more than $462,000 (2016) you will be required to pay land tax ($100 + 1.6% up to the premium threshold). However this is deductible and should be taken into account when working out your figures to ensure the property remains positive cashflow.

If it does, then this can be distributed to yourselves personally and may in…[Read more]