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]

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

Derek
north of the river

Why are there only 2 lmi providers?

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.

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

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]

Scott,

Are you able to clarify?

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

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]

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]

Terry,

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

Regards

Terry,

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

Regards

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]