Thank you so much, Jamie and Tom!
I am glad to know that I gave my sister and BIL the correct information.
What sort of risk (especially from law &/ tax point of view) may my sister and BIL face, if they follow their accountant and friends' advice and claim the interest of the redrawn amount as tax deduction?
Thank you so much, Tom!
Your response made me think…
Does doing it in the following order make a difference to their tax deductibility?
1. Redraw from loan 1 the maximum redrawable amount, turning the loan balance into its original amount.
2. Park the money in a separate saving account (to be used later as PPOR 2).
3. Turn the PPOR1 into IP,…[Read more]
Congratulations, Jamie and family!
As others have said, the broken sleep does not last forever and your body will amazingly adjust to it.
Not long to go until you 'catch' yourself singing her favorite song in the office
I don't think there is a set amount as such.
I believe it greatly depends on personal situation (having mortgage or not, dependents or not, etc) and how much the person taking the insurance is comfortable with.
For a life insurance: one person may believe he/she needs only $ 500K, another person needs $1M coverage, another different person says…[Read more]
Congratulations on achieving that milestone, Johann!
I agree with Joe and Matt when it comes to children can be costly. I also believe children can be as costly or as economical as we parents make it – especially in the first few years of their lives. Dressing a baby in only branded clothing can be more expensive than twins or higher order…[Read more]
I think the guys above gave great suggestions & advice.
It appears to me that your property portfolio has a (combined) negative return at this point in time.
My understanding on your Math:
The Emerald unit gives you net positive "profit" of $7K.
The Brisbane house gives net "loss" of $14.5K
When we combined both property, you have a…[Read more]
Ailime replied to the topic just been to a positive real estate investment seminar in the forum Heads Up! 8 years, 11 months ago
From memory they do offer mentoring program with ongoing support.
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