Jacque Parker is spoken about highly  http://housesearchaustralia.com.au/about/

Cheers

Jamie

Use the easement as a point of negotiation.

Also look at comparable sales and choose some that support your case for the offer you put forward – mention them to the agent. Your broker/banker should be able to produce some property reports that give you an idea of how much similar properties in the area have sold and/or selling for.

Also find out their motivation for selling. That can assist in the negotiations as well. For instance, if they're committed to another purchase elsewhere, offer a flexible settlement period that coincides with them moving into their next home.

Cheers

Jamie

No not really because it would all be IP related so all deductible.

You might come undone if you ever decide to live in one of the properties though – that's where it can be a good idea to set up the correct loan splits from the start.

Cheers

Jamie

Not entirely true.

They may have access to properties that you don't. The good ones are also skillful negotiators who may be able to get the property for a better price then you could negotiating on your own.

Cheers

Jamie

Yes, I think a good BA is definitely worth it depending on the individuals circumstances.

I agree with Catalyst though – like any industry there's good and bad ones.

You could start a new thread asking for recommendations for BA's in the area – you might get a few options to choose from.

Cheers

Jamie

They source and negotiate on the property for you. The fee will range from BA to BA.

Cheers

Jamie

You can't get around making that $100k deductible right now.

It will become deductible later when the property you purchase becomes an IP.

The main reason for the separate loan spit now is to avoid contaminating your current loan with a mix of IP and PPOR debt – or as Terry W puts it, mixing urine with water.

Cheers

Jamie

Hi and welcome aboard.

I wouldn't redraw the money – it will complicate the deductibility of the loan (mixing non deductible debt with deductible debt). 

I'd set up the new loan as a separate $100k loan split.

Use it to cover deposit/costs on the next purchase.

The overall structure you'd  be look at would be.

Property 1

Loan 1: existing loan against property 

Loan 2: separate loan set up to cover the deposit/costs on property 2 (the redraw funds)

Property 2

Loan 3: separate, stand alone loan to cover the remaining portion for property 2

Keep all loans IO with an offset against the one you live in. That's what I'd do anyway.

Cheers

Jamie

You can submit an offer without a preapproval – there's no issues there.

However, make your offer "subject to finance" and give yourself enough time to arrange your finance and building/pest inspections.

Do you have a sufficient deposit or equity to get this done?

Cheers

Jamie

I agree. That's one thing I really enjoy about ownership – spending free time improving the property and knowing that it's probably adding some value.

There's also the freedom that ownership brings in terms of not having to worry about routine inspections or the chance of the lease not being renewed for whatever reason.

I understand that there's pros and cons with each approach but I've always had a personal preference towards owning rather than renting.

Cheers

Jamie