PropertyInvesting.com | Dazz28 | Activity https://www.propertyinvesting.com/members/dazz28/activity/ Activity feed for Dazz28. Sat, 11 Apr 2026 23:19:27 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1dc1afe8e6189224497b1df1693dc46e Dazz28 replied to the topic 2nd IP structure in the forum Help Needed! https://www.propertyinvesting.com/topic/4405427-2nd-ip-structure/#post-4660555 Sun, 18 Dec 2011 07:47:03 +0000 The numbers above are not really accurate. If your using equity to fund the deposit your effectively borrowing 100% plus costs. So work out your return taking this into account.

]]> d19be31445935a43d16f371e936f95c1 Dazz28 replied to the topic Anybody know a good Property Manager in North-Eastern Adelaide? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405128-anybody-know-a-good-property-manager-in-north-eastern-adelaide/#post-4658484 Fri, 11 Nov 2011 23:50:58 +0000 What do people usually do when they have 2 (or more) properties in different parts of the city. Do they stick with PMs in the local area or try and use one to manage all to get a discounted rate?

I would have thought local knowledge of the market would be better than a small multi property discount.

]]> ea130bba82cd0e6a036eaf624dc41a0f Dazz28 replied to the topic Sell PPOR that has LOC attached in the forum Finance https://www.propertyinvesting.com/topic/4404570-sell-ppor-that-has-loc-attached/#post-4654759 Tue, 30 Aug 2011 12:35:06 +0000 Option 1 sounds feasible. We have more equity that the limit of the LOC so that work. Cheers Terry.

]]> 4f11f4b2ae23922891dc8915e0df17b7 Dazz28 replied to the topic Tax Deductions for Interest on Capital Costs and Borrowing Expenses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404569-tax-deductions-for-interest-on-capital-costs-and-borrowing-expenses/#post-4654737 Tue, 30 Aug 2011 12:33:48 +0000 OK. Do you have any examples of what that would be?

]]> 4aa977279795d3e4b36dfd1829a0e26f Dazz28 replied to the topic Tax Deductions for Interest on Capital Costs and Borrowing Expenses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404569-tax-deductions-for-interest-on-capital-costs-and-borrowing-expenses/#post-4654735 Tue, 30 Aug 2011 12:29:27 +0000 Terryw wrote:
At the best you would only want to pay the interest on the LOC. Even better is talking to your accountant about not paying the interest at all and letting it capitalise – must be careful though.If you can do this you can pay off your PPOR faster (although the ATO doesn't see this as a legitimate reason to capitalise interest)

How…[Read more]

]]> 60a53366b87948961df97b292ab5308d Dazz28 replied to the topic Sell PPOR that has LOC attached in the forum Finance https://www.propertyinvesting.com/topic/4404570-sell-ppor-that-has-loc-attached/#post-4654757 Tue, 30 Aug 2011 12:23:10 +0000 Thanks Terry

Problem is I probably cant borrow enough to retain the existing PPOR and purchase a new one. I would then need to buy subject to sale which is painful.

]]> 0ed84ef6f021ddb3ec810552fc5c4124 Dazz28 replied to the topic Sell PPOR that has LOC attached in the forum Finance https://www.propertyinvesting.com/topic/4404570-sell-ppor-that-has-loc-attached/#post-4654755 Tue, 30 Aug 2011 12:13:12 +0000 Only bought our IP a few months ago so not enough equity yet.

Would a better option be convert PPOR into IP then suck out some equity to use for the next PPOR?

]]> 7b8ae295ad6156c907a7e7746c808dd7 Dazz28 replied to the topic Unit Requires Partial New Roof in the forum Thanks Scott Do you know if https://www.propertyinvesting.com/topic/4404191-unit-requires-partial-new-roof/#post-4651572 Thu, 14 Jul 2011 02:34:05 +0000 Thanks Scott

Do you know if this type of decision normally requires unanimous agreement by all or will a majority vote be all that’s needed?

]]> 1b008c9a83e28e4c590226c1b8c7a0c5 Dazz28 replied to the topic Property Selection Help in the forum Help Needed! https://www.propertyinvesting.com/topic/4401792-property-selection-help/#post-4635602 Tue, 09 Nov 2010 08:37:19 +0000 Thanks all for the replies.

What are the key drivers people use when choosing to invest in new OTP properties versus older property and renos?

I mean at the end of the day we’re all out to make some money doing this, what personal circumstances suit each of these options?

cheers Darren

]]> d1fb22a243d202c09fd5906322185f29 Dazz28 replied to the topic First IP loan structure in the forum Finance https://www.propertyinvesting.com/topic/4400781-first-ip-loan-structure/page/2/#post-4629403 Wed, 01 Sep 2010 08:24:41 +0000 Thanks again. That’s what I was asking. On the LOC the bank tells me she has to be included. Does it make any difference if she is co-applicant or guarantor?

]]> 891313495d0324a6718e998871abccca Dazz28 replied to the topic First IP loan structure in the forum Finance https://www.propertyinvesting.com/topic/4400781-first-ip-loan-structure/page/2/#post-4629401 Tue, 31 Aug 2010 13:53:08 +0000 Terryw wrote:
Deductions?will depend on what the money is used for and who is the owner of the asset being purchased.eg if you buy a property in your name only you will claim the deductions. If you use a wife as guarantor it won:t matter for the claiming of deductions, you will still g et all the deductions and profits/losses.

Thanks Terry.…[Read more]

]]> 4889dfe0b247059ca94b0f83dc4eb144 Dazz28 replied to the topic First IP loan structure in the forum Finance https://www.propertyinvesting.com/topic/4400781-first-ip-loan-structure/page/2/#post-4629399 Tue, 31 Aug 2010 12:17:25 +0000 Hi All

In the process of setting up finance for my first IP.

We have PPOR in joint names. Have made an application for a LOC loan against this property. Tried to put this loan in my name only but the bank wants my wife as co-applicant or guarantor ( for a $200 fee). Does it make any difference which option I take on this loan? My wife only…[Read more]

]]> 6562ec5dc501a36fff0f51b55dbd64c0 Dazz28 replied to the topic Line Of Credit in the forum Finance https://www.propertyinvesting.com/topic/4400921-line-of-credit-17/#post-4630121 Thu, 26 Aug 2010 11:44:39 +0000 Hi All,

Another question around loan structures.

I want to borrow $150K LOC against my PPOR (equity no problem) and $256K with another lender. My broker says I’m marginal on serviceability without including my wife’s income (about $5k pa part time)

My question is does this affect my tax benefit if we have joint names on the loan and only my…[Read more]

]]> d67d90fb82e8f7a3501f618de40f2ce0 Dazz28 replied to the topic First IP loan structure in the forum Finance https://www.propertyinvesting.com/topic/4400781-first-ip-loan-structure/#post-4629388 Wed, 18 Aug 2010 09:48:59 +0000 Terry, you’ve mentioned many times that this needs to be setup properly. What is properly?

]]> 545ec017528078b60fa114e7ec7d8da2 Dazz28 replied to the topic First IP loan structure in the forum Finance https://www.propertyinvesting.com/topic/4400781-first-ip-loan-structure/#post-4629382 Tue, 17 Aug 2010 13:14:34 +0000 Qlds007 wrote:
Suggested structure would be:1) Line of credit or interest only loan secured against your PPOR to cover 20% of the new purchase price & acqusition costs.2) Separate standalone loan for 80% of the purchase on the IP.When value of the IP increases draw the loan upto 80% of the increased valuation and pay back the…[Read more]

]]> 8596652c489a68df33f06efadcc1a2fb Dazz28 replied to the topic First IP loan structure in the forum Finance https://www.propertyinvesting.com/topic/4400781-first-ip-loan-structure/#post-4629380 Tue, 17 Aug 2010 11:53:35 +0000 Great comments. Whats the benefit of using the LOC loan to fund purchasing costs for the IP instead of adding them to the second loan that used to purchase the IP?

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