Sorry for the ignorance, but what is LOC? what is the difference between LOC and putting your house for mortgage? is LOC the same as refinance / re-top up your loan agains your security?THanks

Just a really dumb question, how would ATO knows what would the money used for? once you refinance from your IP but use it as non income generate yet still claim on tax deduction?

That is the point that I try to make here that most lender value the property on the safety level (considering the risk etc) but without the copy of evaluation disclose to the client it is make it harder to structure or planning our goal with the investment property. For most of us CG is very important and that is one of the key to obtain deposit…[Read more]

Thanks for the thought guys…. Yeah I did try and ask but the bank say it is in bank interest to keep it discr
eet for bank purpose, my brooker told me that certain bank we can challenge their evaluation with our own. I might wait for this another lender on what figure do they come up with.

Thanks for the input, i am just sure i heard in on of John L Fitzgerald seminar that it is in our right to obtain those copy hence most of evaluation done by the bank is at client's cost anyway.In my point of view evaluation is one of the key to your investment property, if you can keep track the growth of your property's price it is easier to…[Read more]

Thank you again MikeJust request another report for Western Australia's Property, so is not limited to Victorian only. Cheers

Mikeis a good deed of what you've done there….. I very much like the report… and recommended for other Victoria OO or Investor. Thank you once again