Total Members: 159,074

Havinfun

  • Havinfun replied to the topic Rent and personal income, which account? in the forum Legal & Accounting 10 years, 5 months ago

    Catalyst,
    My LOC of credit isn’t contaminated as I ensure its only used for investment purposes, I have my income go into another account and then distributed to the LOC, as you a are aware CBA don’t have a fully transactional offset account.
    I called the bank today and they said that they would charge me $95 to set up a fully transactional…[Read more]

  • Havinfun started the topic Rent and personal income, which account? in the forum Legal & Accounting 10 years, 5 months ago

    Hi fellow investors.

    I currently have multiple I.P,s( 4) and have a LOC attached to one of the properties. All of the properties are in my name and are not crossed.
    I currently have all of my income and rents going into the LOC and then loans from the bank(CBA), and incidentals such as rates etc come out of the LOC, the remaining running costs I…[Read more]

  • Havinfun replied to the topic good honest accountant in the forum Finance 11 years, 2 months ago

    Same boat here
    Prefer someone with alot of property audit experience.
    Am currently in Perth but ok to work remotely
    Advice appreciated
    Cheers

  • Havinfun replied to the topic Good property accountant in Perth in the forum Legal & Accounting 11 years, 5 months ago

    Derek
    north of the river

  • Havinfun replied to the topic LMI in the forum Finance 11 years, 6 months ago

    Why are there only 2 lmi providers?

  • Havinfun replied to the topic LMI in the forum Finance 11 years, 6 months ago

    Thanks Richard is there a scenario you can paint for me 2  new properties at 350 k I am able to put 60k of my own money towards the purchase of the Ip,s, my current  income is over the 200k mark pa, lvr on other Ip,s 78% value of props 890k.total rents 800pw no other debts 3 dependants, have a cba pack.

  • Havinfun replied to the topic 30 properties before 25, finance??? in the forum Finance 11 years, 6 months ago

    Hi RichardI would love to read this article,can tou please email it [email protected]

  • Havinfun replied to the topic Using Superannuation to Purchase an Investment Property in the forum Help Needed! 11 years, 9 months ago

    Richard,

    I am glad i read this post, i currently have all of the esuper material at home ready to sign and send back.

    i would like to purchase another property via a SMSF but have also been told that I cannot construct say a house and land package in the arrangement.

    I have been on the Esuper website whereby you are directed to a St George…[Read more]

  • Havinfun replied to the topic Invest in SMSF or in own name or trust in the forum Help Needed! 11 years, 10 months ago

    Scott,

    Are you able to clarify?

    Selling my other IP,s to then invest in a SMSF?

  • Havinfun replied to the topic Invest in SMSF or in own name or trust in the forum Help Needed! 11 years, 10 months ago

    Thanks Shahin,

    I agree diversification is the key, thanks for your advice.

    I have a strong holding of shares and in both my managed funds and super account, so I feel as though i am covered here.

    My underlying question is whether its better to accumulate real estate outside of superannuation, i suspect its easier to accumulate outside of…[Read more]

  • Havinfun replied to the topic Structure of loans/ future affordability in the forum Finance 12 years ago

    Terry,

    Agreed on the income for the wife, as the major breadwinner are we not better off having the interest deductions in my name, thus reducing my taxable income?

    Keeping the emotion out of investing the managed funds have not performed that well over the last 5 years, so I am dollar cost averaging additonal funds into the managed fund so that…[Read more]

  • Havinfun replied to the topic Structure of loans/ future affordability in the forum Finance 12 years ago

    Terry,

    My wife has no income, I am currently looking at swapping the funds into my name only.

    Regards

  • Havinfun replied to the topic Structure of loans/ future affordability in the forum Finance 12 years ago

    Terry,

    My wife has no income, I am currently looking at swapping the funds into my name only.

    Regards

  • Havinfun replied to the topic Structure of loans/ future affordability in the forum Finance 12 years ago

    Thanks Shahin,

    Getting the LOC back to zero is my main priority so I can utilize this facility for future deposits/  fees etc.

    Its just easier to have all transactions such as insurances, income,rates etc come out of the one account and the LOC is the best option for me as I like to use the KISS, keep it simple stupid method. LOC is at 6%.

    All…[Read more]

Havinfun

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