Hello,

One advise would be to stay positive.
If you say you could do it, then you think of solutions or ways you could achieve your goals.

If you are negative or you never think you are going to reach your goals, your brain does not even bother – it just gives up.

JP

Hello lamo0011,

Before letting the vendor rent back you could have gotten the real estate agent to hold some money back from your settlement – for situations like this, where the vendor that is renting back trashes the place. Pretty much like a bond. Maybe it could have covered the extra damage you had to fix up.

I have done this with my first…[Read more]

Thanks TMA and TerryW.

I will take both of you advises and talk to an accountant.

Hello TerryW and TMA,

If the property was acquired as PPOR and later turned into an IP, can the LMI still be claimed?

Thanks in advance.

JP

sorry for the newbie question, but what is a PPOR?

PPOR – Principle Place Of Residence

Hello,

1. Me and my partner are around 25 years old
2. Hopefully by 45
3. Around 50

Re,
Jp

Thanks for the info MM

I have been reading this forum for a couple of months now – its really good for getting help, especially with you guys posting here.

Hello Mobile Mortgage and Oshen,

So do most investors set up their loans as IO (indefinitely) with an offset account attached to it?

Thanks in advance.

JP