Hi allotiNice nest egg… believe it or not  $100K cash is a good position to be in at the moment.100K properties are out there I bought 2 in N.S.W in the last 6 mnths and will return you about $150 per week. Better then a term deposit when you compare.. capital depreciation  and the amount of tax payable on the gain , against the possible in…[Read more]

Thanks JohnI think your probably right keeping the cash in the offset accounts and waiting a little while longer is probably the best thing at this time.With the 49k  its in an offset account on a 49k mortgage and if I  was to pay it off and use the freed up  I.p added to  the one I own out right I would have 2 I.P's valued at 250K plus and my q…[Read more]

Hi G'RichI would not recommend ANZ either. I have 3 loans with them and fees on offset accounts is just one of the draw backs, poor service being another . Prefer client pack  they offer is ok but you end up paying $340 per year for little gain. If I did not have 2 loans locked into a fixed interest rate, I would be shopping around for a bet…[Read more]

Hi Gabriel"Some banks have savings accounts which pay 10% p.a paid mothly and also include some capital growth of between 5 and 8%p.aPutting equity in there is probably better than doing nothing with it."  I tried this with a CMA with ANZ found I lost most in monthly resident tax i.e interest payment was 450 a month and the tax deducted by the…[Read more]

Thanks JohnYes I agree, I would only draw down equity for investing in more I.Ps .I have an I.P worth  125K  with 100% equity and another worth 130K with 49K owing(interest only loan) fully offset.. I could pay this off with cash and use both to  finance more I.P purchases, figure @ 80% I could use them to borrow 200K and would need maybe 35K cas…[Read more]

Thanks to every one for your  specific advice to my post…much appreciated

Thanks GabrielSounds to good to be true…..L.A  …no debt other then the investment loans..  Credit card is Paid in full on statement date, so 0% interest !. (love using their money  but hate to pay interest !)  I am holding all my cash surplus in 2 offset accounts linked to 2 variable interest only loans 50 k is over an I.P 128K is over my PPoR…[Read more]

Try Peter Tersteeg peter@sagelending.com.au  phone 03 98773000I have dealt with him over the last 3 years , the guy is  down to earth realistic and very capable in providing excelent  personalised service.

 thanks F

I would have thought some one would venture an opinion by now ???

Thanks thornbird 

Donyes $246 per Ip in WA is cheap. I just never expected the NSW ip would be so high considering I asked for the exact same cover as the  WA ip's ..no contents insured apart from fixtures fittings etc…I have a quote now with NRMA for $370 so I will most likely go with them unless I can find some one else…Thanks Don I realised that location ef…[Read more]

 some one must have an idea … any thing ?

 Nice question:I think you have to approach the home owner very carefully.Don't go around at an in opportune time  when they are sitting down  to eat  Dinner but choose a time between 3;30 pm and 5:30 pmmaybe knock on the door and introduce your self , you could say I hope you don't mind but I have been driving past your lovely home and have adm…[Read more]

Hi TysonBoss1 if I put my income , which is what  every one puts  if they work to earn a living.  I scored 1775I don't work so I put down my annual living expenses…scored 9999+I receive a TPI pension and Service pension. index to rise with the CPI and average wages..I will receive them both till 6 weeks after death along with fee medical o…[Read more]

I have to agree with foundations observation. allot of the driving force behind the market correction in both the stock and property markets are the results of massive amounts of borrowed funds…The same thing happened in Japan in the early 90's land went through the roof banks got greedy and gave out equity loans , land owners got on over…[Read more]

 nice tool but it is not a true reflection of my situation     Ho Hum 

mmmmmmSounds like a good deal if in 2 years time the value of the property will be more then the purchase price….You would need a solicitor to make you  an iron clad contract  with the builder….covering every thing Just hate to see you take out a large loan hand over the funds and the builder goes bust leaving you with a half finished house an…[Read more]

Wow $1200we also pay $200…. I can't see how any accountant can justify charging 6 times our current fee with out giving 6 times the service and 6 times the  tax savings we already get now…  

hi Boshiewould you consider doing some joint venture  projects ? p.m me if your interested