Thanks Westan… I certainly wasn’t thinking at the time of posting.

I live east of Melbourne. Well, south east actually, but am willing to travel..
Thanks.
PropertyPadowan

Money is just something we’ve made up so I want to make some of the made up stuff!!!

DD

Just curious.. If I was to do that, although the monthly repayments would be smaller, if I didn’t have the presence of an offset account, would that mean that I would be paying 100% Interest on the balance, even though the balance would be $80K smaller…

As opposed to Offset Account, although the Repayments are higher, technically more is…[Read more]

Just considering what has been said and delving into Offset Accounts.. If a loan balance was say $100K and my Offset Account Balance was then $80K, would I be paying in effect interest and repayments on a mortgage of only $20K??

Money is just something we’ve made up so I want to make some of the made up stuff!!!

to further explain… I would like to turn my day-time full time job into property management; my property…

So although I am only saving 6-8% of a property managers fee, I was hoping to establish a business that I was to run that 100% managed my own properties…

Is this a thought/approach that anyone else takes? or do people just go with the…[Read more]