Hi Patcon,yes I have an accountant,who has experience  in property inves and member of Charted acc.send me a private email and i will forward details to you.mike

I have an IP in wagga wagga – In Glendfield Park.No floods in that are.try there for your IP.if you wish.

Thanks guys for info.

Thanks for the Info Richard.mike

Hi sam,never heard of  instalment contract..Richard can you ple explain and what sort of structure should you have. 

Hi Nick,Check with NAB,getting 6.51% with 3 IP. Agree with Jamie,just call  and indicate you are leaving .You might get a better deal.cheersMike.

Mayuran,I have already set it up and it works fine.Spoke to accountant,and like Terry has said that LOC should be only used for investment.As soon as you mix it for your personnal use then ATO will question you.you can send me an e-mail  and can foward you the structure which I have set up.Mike

Yes ,I have looked at other rental property in that area its around $360 to $380 wk,perhaps I will have to drop the rent to $370.Thanks Guys for your views.It is indeed very encouraging to see that you are out there to help people with your advice.Once again thank you.Mike

Thanks guys for your comments.I will try to get other agents view.Can you sign with another agent straight away as in my agents aggrement says i have to give them 2 months notice when i want to leave them.In between can i engage another agent.PLS your views.thanksmike.

Thanks Terry.

So,the way it is structured,do  I still have to ask for a ruling from ATO.Can you provide me some links pls.Mike.12

Perhaps,The info I gave is not very clear.The setup is like thisThe saving acc is only linked to my principle home loan.As this is not Tax detecable.As for line of credit is set with the IP loan.For interest to be payed on IP,it will be take from the Portfolio acc ( a Limit is set on this),which will captialized.This is kept seperate for taxable…[Read more]

Thanks Scott

Is there a set amount of liters used before you charge the excess water used.

 Karlm & mates,I have a offset acc with PROR and 1 IP,I am in a process of buying 2nd IP,and MBrooker suggested that you can  have both set up together ,off set and line of credit.Only difference is ,the salary,dividents, will go into offset acc.The rent will be detected in each IP,and any short fall in payment (taking into account IP is neg gea…[Read more]

ajay,I dont know that area,but I bought a property in glenfield park,and it is in mima st ,good area, positive cash flow.

Thanks for the information,what about in calliope ,there is town house for sale,what sort of rent you will get and the strata levi,any one bought this,

Hi jule,did you speak to the buyers agent Tony.any feed back to that pls.

Hi ,interesting to read about Gladstone etc.I wanted to do investment,I am not sure, how about gracemere,is it good to buy land and home package.I found home and land,land 669msq and house 197msq, 4bed,2,2 for $364K.Its not build yet but will after I sing the contract.Its in Lucas street,gracemere.Any thoughts on this please.what about rental vacancy.

Hi ,I think pretti real estate,in fairfield.I used to be their tenant, mind you they were carried out detail inspection.i do agree son of them are not that good.hope this helps.