Please also check with your lender or broker first. Sometimes Lenders are fussy and uncertain when you mention student accomocations.

Chers,
herman’

I quite agree with Mat’s comment on LOC vs Offset account. The key thing is when you use LOC for investment purpose, you don’t mix personal use with investment one. A good accountant should also be able to advise you how to structure and utilise the LOC or offseting.

by the way Mat, some lenders nowadys can offer the same rate for SVR with offsetting and for LOC. shop around.

cheers,
herman

Hi Liz,

I’m not sure myself. I think it has something to do with the ways stamp duties are imposed on the properties. any other morgage experts could throw some light on this.

thanks,
herman

I tend to agree with APerry, i.e focus on your PPOR first by paying P&I. and let the IP on IO. Once you finish off your home mortgage than you switch your focus to the next one – your IP. But if you feel comfortable to pay P&I on both, then why not.

Cheers,
herman

Making sure you also collect at least three month of your utility bills, under your name, when you live in the property during the minimum six month occupation. The OSR will be asking for those evicences.

Cheers,
herman

Hi Andrew,

Shop around for a better product that suit your needs. Talk to a mortgage broker near to your suburb or neighbourhood. There are also a few experienced ones in this forum.

Good luck.

Cheers,
herman

Hi Daniel,

I have also been using Residex data from time to time to choose the areas I’m to focus on. If I could find a couple of good deals as well, I normally go and pay a visit to the place I have chosen. Partly to gain a local knolwedge of the place, and partly to verify the data presented by Residex. And whenever appropriate of course negotiate the deals direct.

I hope this helps.

Cheers,
herman

I’m a ‘Results’ participant as well. So far, the program is worth the money I invested. And I noticed the majority of the members feeled the same.

Regards,
herman

I’d like to get the chance to claim travelling costs in my tax return. So I spread the properties in Sydney (where I live in), NSw, Queenslands, WA and SA.

Cheers,
herman

Hi Gross,

If you haven’t done so, why don’t you invest the money in various property sydndicates. they will give you 8 to 8.25% p.a on rental dividents, paid monthly. And after five to six years, when the propeties were sold, you might get another 40-50% divedent on capital gains. some one will be managing your money hassle-free.

What do you thnik?

Cheers,
learn&share