Thanks for your help Terry. I will look into it further to see if it could work for me. Jacqui

Hey Terry,Do you know why it was rejected? Do you recommend this type of debt recycling for everyone that has non deductible home loan debt? My only worry would be your really relying on capital growth on your IP…?Do you know if the ATO would allow it if you were putting rents/wages into a linked offset account on your home loan rather than r…[Read more]

Hi jadzia82,I know the street as I was looking a buying an ex housing commission in Jack Avenue earlier in the year at auction and I missed out as it went well over what the agents predicted. I know there was a couple of houses in Townsend with extremly bad white ant damage where they had to gut the properties and practically start over. They…[Read more]

Hi propertymistro,I have organised a change in strata management companies as the company was not a local company and hardly any of the owners could attend the meetings. To be honest it was alot of work to do as there were 17 units and I had to contact all the owners and arrange a meeting with all owners to vote on the change. You need to get over…[Read more]

Hi Graeme,Where abouts are you located? Do you source properties Australia wide or just certain areas?Jacqui

The areas NHG listed are all the main housing commission areas. Kooringal also has Housing Commission properties. Mount Austin would be the pick of the bunch as I have seen greater capital growth there of late. Tolland is being cleaned up however that may take some time. The prices have gone up abit since last year. You used to be able to secure…[Read more]

I live in the area and know it very well, what suburbs and streets are you looking at? Alot of Sydney and local investors will buy the housing commission properties due to the high rental yields. PM me if you want opinions on suburbs or properties you are looking at. Jacqui

Hi,Does anyone have a copy of the latest Carly Crutchfield Pro-Develop Program (with home study DVD/manual course) and  tickets to the live 3 Day Boot Camp? I want the feasability software and Vendor Finance contracts included. Please PM me or email me jacqui_mcmillan3@hotmail.com to discuss. Thanks,Jacqui  

Hi nightelves,You can do a search on 'destiny financial solutions' for some opinions. I was considering doing the course however decided against it. Apparentally if your not completely satisfied you can get a full refund. Jacqui

Hi bouncecf,Alot of investors will be turned off by a pool due to the potential maintenance and upkeep costs involved as majority of tenants wont look after it. So as a result it could restrict the marketability of the property as it likely would only appeal to owner occupiers. Jacqui

To make it even better I would also seek a private ruling from the ATO in an attempt to pay the investment loan interest with money borrowed from the LOC. This could dramatically free up cash to reduce your main residence loan to nil in a few years.[/quote] Hi Terry,What would I tell my accountant the reason for seeking a private ruling from the…[Read more]

Does anyone know if there is a maximum amount of 100% offset accounts you can get for free under the package with Westpac? I know you can only have 1 account per loan however if I was to take out another investment loan with Westpac would I have to pay a monthly service fee for another account? Is it possible to link the existing account to a new loan?

Hi JacM,The property we are building is a 4bd, 2 bath, 2 garage house on a 796 sqm block and at this stage we will build it to DHA's standards however there criteria is really no different to how you would normally build the property, just a few minor details to alter. It really does not add to the cost at all. We are eligible for the NSW stamp du…[Read more]

Hi littleaussie,What are some of the areas you have purchased in regional centres? If your buying properties for $150k are these ex-housing commission properties? As you are buying in the lower end of the market do you have issues with attracting good tenants? Jacqui

If I am building an IP am I better to get a QS to do a full inspection or would it be better if I used an online service as I would have all the costs from the building contract?

Hi Woodie, I would highly recommend you listen to Terrys advice as he opened my eyes to the disadvantages of LOC's and advantages of 100% Offset Accounts. I used to read how good LOC's were for investment properties however I now agree with Terrys opinion that you are far better off with an IO loan with a 100% offset account over LOC due to the a…[Read more]

Hey Terry we are currently on the attitude gold card no annual fee but only 45 days interest free rather than 55 days. Will the 10 days make a bigger difference in saving interest rather then the points we could potentially accumulate?

Just to confirm – I am about to take out a rocket repay investment loan with westpac for $304k with 100% offset account as we are getting a very good discount of the rate and no fees, does this product offset the interest daily? The lender didn’t give to many details on the product and I was hoping someone could tell me if there was a minimum…[Read more]

I called DHA and they dont really like corner blocks. We have decided against it for what and have chosen another block which is acceptable for DHA and has good views. Thanks for your helpful comments  

Hi Mr5o1,I enquired on the scheme and they forwarded me calculations based on a set purchase price. The properties are quite negatively geared throughout the financial year until you lodge your tax return and get the federal and state government rebates. It has its pros and cons it just depends on your financial situation and if you can support…[Read more]