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  • Profile photo of mpglossmpgloss
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    @mpgloss
    Join Date: 2005
    Post Count: 3
    February 17, 2005 - 12:03 am

    thanks guys, this forum provides such a great oppurtunity for learning.

    Profile photo of mpglossmpgloss
    Member
    @mpgloss
    Join Date: 2005
    Post Count: 3
    February 16, 2005 - 4:58 am

    Hi techhouse,

    I’m in the exact same position as you with the same questions. I’ve been doing my initial reasearch on websites like http://www.realestate.com.au to suss out areas est. populations what rent people are paying and what amount these type of properties are going for.

    My problem is, I would love some people on theforum to maybe list a few different places in Vic, or Aus that might be worth me spending my time researching.

    Profile photo of mpglossmpgloss
    Member
    @mpgloss
    Join Date: 2005
    Post Count: 3
    February 16, 2005 - 4:42 am

    hi all,

    Please feel free to correct me as I do not know all the ins and out of an offset account, but I learnt this information a my prior work.

    Can you have your pay and rental incomes paid directly into your offset account, thus reducing the daily loan amount that the compounding interest rate is worked off.

    With this method all your every day expenses can be paid via a 45+ interest free credit card and as long as you pay the balance before occuring any interest you, over the period of the loan, reduce the interest you would have paid quite substantially, as there are lots of expenses that are only incurred annually or less.

    My apologies if this was getting to off the topic.

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