If you need face to face you could try Peter Tersteeg from sage lending.

You can also seek feedback here. What are you aiming to do and what advice has been given so far?

Cheers

Jamie

Hiya

I've never seen a property in oz for that cheap.

Check our realestate.com and set a filter for that price range and land size.

Cheers

Jamie

Talk to an accountant but I'd use the LOC to cover all IP related costs.'

Cheers

Jamie

It's not ideal.

When you move into the IP – technically you won't be able to claim the entire debt against your new IP (previous PPOR) because a portion of the loan was redrawn to fund the deposit/costs on the new PPOR.

Best to seek advice from an accountant – they might be able to apportion debt so you can still claim something.

Cheers

Jamie

Hi Liz

Welcome aboard

I wouldn't invest in a property primary to reduce your taxable income – it's a flawed concept. It means you need to spend $1 to get back 40 cents.

Instead, I'd only treat any tax concessions associated with property investment as a bonus – and focus more so on purchasing the right property that fits in with your longer term financial plans.

Are you thinking about renting out your current apartment and purchasing another property to live in? If so – the loans need to be structured correctly to avoid cross collaterisation (something the banks love to do) and also maximise tax effectiveness.

Cheers

Jamie

My wife manages most of ours and does a good job. She's proactive, personable and has a good understanding of tenancy laws.

She only does it due to the hassle we had with previous PMs not doing a very good job.

Self managing is doable – but you need to treat it like a business. Otherwise, you're better off using a good PM (they can just be hard to find).

Cheers

Jamie

Yep, that would be the biggest issues with having bamboo in an IP.

We have it in our PPOR – in the kitchen area. Even with being extra careful, it's inevitable that some water hits the floor – and we make sure to dry it up as quickly as possible. Some tenants won't have that same level of caution.

Cheers

Jamie

Hiya

It's a tough question to answer without knowing how your portfolio is actually structured.

When properties aren't crossed – it's generally a matter of getting a valution carried out on a property and if there's sufficient equity, you can access it.

With crossed collaterised properties – you usually have to get the entire portfolio revalued and if there's sufficient equity, you can access it.

Cheers

Jamie

my preference would be for the funds to into an offset against a PPOR – each to their own. 

It shouldn't make a difference to the accountant in terms of the work they do – they can look at the end of year loan statement and PM statement to work out income/expenses.

It's important that any money paid into the LoC isn't redrawn for non IP purposes too – you don't have this issue with it going into an offset.

Cheers

Jamie

I can't think of any in SA either-  I might be able to dig out a conveyancer contact that some of my clients have used if that helps?

Cheers

Jamie