Very Interesting comments and thank you for your posts. The reason why I posted this question was because my mortgage broker suggested this product as a way of wealth building and debt reduction. I will try to explain below: LOC 1 on PPOR LOC 2 using equity from PPOR to fund IP purchases IO.Broker suggested that via Neg Gearing a tax rebate would…[Read more]

Hi John, just wondering about the 20% deposit? Have you secured that through your money partners?? Further I am considering purchasing an IP to reno, SD off some land and sell both to pay down PPOR. What are some things that you have factored in to your numbers to ascertain whether it is a good deal or not?? Cheers

Saliesh do you guys operate in Ipswich as well??

Tony, mate thanks for your wrap on the seminar. I too get caught up with the intricacies and should "just do it" but I am please that you have gotten something out of it and can recommend it for next time. I am keen to start down the subdivision/development pathway but want to start small so hopefully I can catch the next one early next year I h…[Read more]

Any opinions on whether to fix at 3 or 5 years. Potential for inflationary pressures to be around for some time to come with Aussie mining boom, drought etc and the effects of world economy and volitility in some major old school markets. Any thoughts on this as just looking to refinance myself on PPOR and new IP.Cheers

Thanks Simon soungs good but I have a few questions. Regarding deductibility – just to confirm the 20% deposit plus costs from the LOC and the 80% loan on the IP will be tax deductible?Won't paying the rental monies and my wages etc into my home loan make the other loans non deductible because the expense incurred is not offset against the rental…[Read more]

Cheers Bob might see you on the 24th in Brissy

No worries, would ideally get in quotes to do any structural works (i.e. constructing new walls) but all i did was to make sure (as much as possible) that the existing walls were level and square before putting on plasterboard. So I had to plane back some studs and nogs etc and just keep checking with a straight edge until I was happy that the…[Read more]

Hi Icecool, just completed full kitchen reno on PPOR. Did all demolition, removal of existing walls and framing up myself, fixed 10mm plasterboard (from Bunnings) myself, got in a tradies to set, finish and paint plasterboard for ($1200); replumbed existing plumbing to sink etc myself, bought smart pack kitchen (including sink, mixer, doors, h…[Read more]

This my first comment to be posted on this site so hope it is okay."Wife works in Ipswich much happening in and around there. Especially North Ipswich way. Good Luck"