Hi I am a little lost with what you have said "I have finally purchased my first IP" how have you done this if you do not have the finance already arranged or at least in process or have you just put a contract on a property subject to finance?

The privacy act would make sure of that

Thats it you can contact one of the brokers here or ask the questions here

I would suggest you speak to your accountant, however a little room for thought are your properties on interest only? this would also increase your cash flow.  It is not sure if you are living in property 1 or if you have moved out if you have moved out you would need to move back in for a period to prevent the CGT but again speak to your…[Read more]

85% and the Lender pays the LMI rate 7.93

Have you made it interest only? this will help a little, you can get a reduction in your weekly tax however discuss this with your accountant first.

Most loans with an offset attached have a redraw as well however why use the redraw when you have the offset

That would be a honey moon period and then go onto a higher rate than a standard discount rate at the finish; often only last 6mths to 1 year ,  you need to take the whole loan into perspective.  Also they may have no discharge fee but have it disguised under a different name.  eg defered establishment fees DEF

Yes once you know your maximum borrowing capacity it should help

Interesting comments

Yes Terry I was wondering that as well and surely you would not have to advertise it?  I would have thought it would only be if the question was raised, and I cannot say that I have ever asked before buying a property, or is the case it has to be mentioned anyway?

Usually you can use 70% of the rental income, if you would like a free assessment you can contact me

Some choose to save on the initial lower rate to save a few dollars and not looking to the longer term saving when using features of the loan to their advantage. 

It reads like you are selling reluctantly have you considered finding another investor to buy in?

Yes the success stories are always an inspiration good on you

Competition is always good it will be interesting to see how it pans out

Graham at Platinum accounting is very good I believe they also have a financial advising attachment but not sure on thatFrom Platinum Accountingpa@accountant.com is his email

I guess everyone has a price for their castle it would be interesting to know if any offers at all have been knocked back over such a period

I like some of the Colonial products however, as most brokers do I steer clear if I can as their service 99% of the time causes problems. 

Marc I think Joel is hoping to consolidate dept on a mortgage that is maxed out eg taking on a mortgage with little or no deposit and wanting to consolidate is this correct ?  if so no it cannot be done, and as Simon mentioned you would be better to keep the car loan seperate anyway.Joel you have to have equity in the property to start with this…[Read more]