Richard,Thanks mate, I ahve sent you an email, would greatly appreciate your help on this one.Regards,Melv.

Thanks Richard,I do not have a non deductible debt on PPOR. I am hoping to go through NAB. With what I ahve understood.I will split the 40k to use as deposit to the new IP.So the future state will beAs normal – PPOR has offsetIP has only Investment deducible loan.In any which ways, what would be the best option to pay bills on IP ? Can I pay bills…[Read more]

Anthoer question guys, whats the best way to pay bills on an investment property ? WOuld paying bills from Offset account be the correct way, or deposit funds in the split account created and then pay any bills on an IP ?Regards,Melvin

Thanks guys,Jamie,Current Value of the PPOR would be about 450k, But I ahve a loan limit of about 400k. balance on the loan is about 360k. The sceario above is for an IP.Qlds007,If I split the account and deposit the 40k in a new account is gr8 idea. However as I have an offset account, by me depositing funds in the future in the offset account,…[Read more]

Hi All,I have a PPOR property and i don't believe with the current market I have any substantial equity on the PPOR. However I have around 40k in my redraw. I have an interest only loan with offset account in my PPORScenario Investment loan (House & Land) $ 416kDeposit Paid – $13200Current Deposit saved $ 40k.What would be the best structure I…[Read more]