PropertyInvesting.com | imugli | Activity https://www.propertyinvesting.com/members/imugli/activity/ Activity feed for imugli. Sun, 12 Apr 2026 03:09:42 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ae4047205bd2b7d18d13971d972447ec imugli replied to the topic Another young couple after advice in the forum There is a CGT exemption on https://www.propertyinvesting.com/topic/4396198-another-young-couple-after-advice/#post-4603795 Tue, 12 May 2009 04:56:33 +0000 There is a CGT exemption on your Primary place of residence. With any 'investment' – property, shares, whatever – you pay tax at your marginal rate on any profits (capital gains) realised when you sell. If you hold the investment for more than 1 year, you only pay CGT on half the gain. You don't pay CGT at all on your PPOR (if held for more than 1…[Read more]

]]> f3a4ff6fe022bc80e783294cdd89041a imugli replied to the topic Internal Cavity Sliding Door - How do I remove one? in the forum Value Adding https://www.propertyinvesting.com/topic/4396197-internal-cavity-sliding-door-how-do-i-remove-one/#post-4603790 Mon, 11 May 2009 23:38:07 +0000 Thanks Tools, Found the 2 screws last night. Appreciate your help. J

]]> a09957f672f08dc0eeec8ae914b1fe00 imugli replied to the topic How long from 1st property to 2nd?? in the forum Value Adding https://www.propertyinvesting.com/topic/4395977-how-long-from-1st-property-to-2nd/#post-4602323 Tue, 05 May 2009 12:34:49 +0000 Different story again… My wife and I had our PPOR for about 2.5 years before we purchased IP #1 in October last year. Before we did though, we set up a Family Trust to hold it (and future properties) under and used my existing company as Trustee. Purchased in country Vic for approx $73000 with 20% down and it's CF+ as we speak. It's small time…[Read more]

]]> c32b089137714dbe54ed7cf955a9a7ae imugli replied to the topic How should we proceed in the forum Help Needed! https://www.propertyinvesting.com/topic/4395953-how-should-we-proceed/#post-4602172 Mon, 04 May 2009 05:58:50 +0000 Ptialv, Sorry it's taken so long to get back to you. It sounds like you have the strategy worked out and by now you should have the structure firgured out. What advice did your accountant give you re structure? For mine, given that you're looking for a positively geared property and a buy and hold strategy, a family trust may be beneficial. Reason…[Read more]

]]> 866a1697eb5165a67e14e160483cb50a imugli replied to the topic Vendor delay settlement. i was charged with rental?!?! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395875-vendor-delay-settlement-i-was-charged-with-rental/page/2/#post-4601817 Mon, 04 May 2009 05:42:24 +0000 keiko wrote:
I would definitly never use that solicitor again, sometimes it pays to pay extra for a top solicitor and then you get a top job.

Couldn't agree more. I pay my solicitors top dollar and they are worth every cent. They are there every step of the way and do an excellent job.

]]> e50b21321c79ff1e98fe733f0275105a imugli replied to the topic How should we proceed in the forum Help Needed! https://www.propertyinvesting.com/topic/4395953-how-should-we-proceed/#post-4602170 Thu, 09 Apr 2009 03:45:09 +0000 First things first – what research or preparation have you done to this point? Do you have a goal or strategy in mind and if so what is it? Is it tax reduction or passive income? Is asset protection a priority? Are you looking to buy / renovate / sell or buy and hold? Have you spoken to your accountant / financial advisor / lawyer and set up legal…[Read more]

]]> 198be1aee21d6e8fe566804031cef0b0 imugli replied to the topic Business/Personal expenses through a trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394504-businesspersonal-expenses-through-a-trust/#post-4594586 Sun, 19 Oct 2008 01:06:32 +0000 I think (but don't quote me) that if you use something claimed by the company as an expense for personal use, you need to include this as a fringe benefit, and therefore that part is actually taxable. For instance, I was thinking of purchasing a couple of football memberships and claim them as client entertainment expenses. If I was to use the…[Read more]

]]> 46ff4e3587cd9dbdef1c7d26b37d0d6c imugli replied to the topic First IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4394356-first-ip-9/#post-4593577 Thu, 02 Oct 2008 03:13:13 +0000 It really depends on your investment goals / objective as to whether negative gearing is a good choice. Before you start looking at places, make sure your objective is clearly defined (owning an IP is a goal, yes, but WHY do you want to own one? What is it a means to? Is property the best way of achieving it?) and that you have the correct legal…[Read more]

]]> e3b06eacbb1ce121ea5ccc31f554f611 imugli replied to the topic i'm snowy and new in the forum Finance https://www.propertyinvesting.com/topic/4394273-im-snowy-and-new/#post-4593102 Sat, 20 Sep 2008 00:49:35 +0000 Hi Snowy, enjoy your stay!First words of advice – Define your objectives. Research. Research. Research. Get advice. Put the correct structure in place.Refer Number 2.  THEN start looking. Investing in property, just like the property we invest in, needs a solid foundation.

]]> f99210445baec3ab8adaf1e94121084a imugli replied to the topic finance in the forum Help Needed! https://www.propertyinvesting.com/topic/4394271-finance-27/#post-4593093 Sat, 20 Sep 2008 00:18:56 +0000 Dr.Spock wrote:
Phoned around and found out about structure eg trust, – was advised not to have my name anywhere near the trust. eg not even to be a trustee, So now I am even worse off than before. It looks like at this stage that I am not ready to get started. I am a believe that were there is a will there is a way, back I don't know my…[Read more]

]]> 848991c65a35f87e20521cba104d2aee imugli replied to the topic Trust & Corporate trustee... Can you set it up yourself???? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394068-trust-corporate-trustee-can-you-set-it-up-yourself/#post-4592114 Thu, 04 Sep 2008 23:55:56 +0000 Terryw wrote:
Hi ImugliANZ and their mortgage insurers can be fussy about this sort of thing. I think if you went to another lender such as St George, there wouldn't have been a problem. Surely a spouse will gain a benefit – from being the spouse as well as being a beneficiary of the trust.

You would think so, wouldn't you? ANZ themselves were…[Read more]

]]> 01688f698d0b0d2444c5b13b2945d603 imugli replied to the topic Which countries can australians buy property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4394094-which-countries-can-australians-buy-property/#post-4592222 Wed, 03 Sep 2008 22:32:16 +0000 Fiji you can as a non resident, but you need a permit from their foreign investment board if you want to rent it out I think…

]]> 9c58b30b504e504afd1b677938624e8f imugli replied to the topic Trust & Corporate trustee... Can you set it up yourself???? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394068-trust-corporate-trustee-can-you-set-it-up-yourself/#post-4592111 Wed, 03 Sep 2008 12:14:41 +0000 In my (limited) experience, they will take a personal guarantee from the director/s of the trustee company and, if they are not satisfied with the servicing ability of said directors they’ll ask for a third party guarantor.

The problem we had was when I got to the LMI stage, the insurer wasn’t satisfied that the said guarantor was gaining enough…[Read more]

]]> 3964c596547e29d94c90db54296a5c65 imugli replied to the topic Turning Private Property into Investment Property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394104-turning-private-property-into-investment-property/#post-4592332 Wed, 03 Sep 2008 11:45:33 +0000 This thread seems to have become the community trough from which people are drinking advice on this matter from… Perhaps one of the mods could make it a sticky?

]]> f5e1c6e416f62a0b2b5bec88cfecd878 imugli replied to the topic Trust & Corporate trustee... Can you set it up yourself???? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394068-trust-corporate-trustee-can-you-set-it-up-yourself/#post-4592106 Tue, 02 Sep 2008 07:16:08 +0000 The company need only have 1 * $1 fully paid share. If you're mother is also investing capital in the trust, perhaps it would be best to set a hybrid trust. That is, a trust that is partly defined by units and partly discretionary. That way each persons share of any capital gain is clearly defined as a percentage based on how many units they own,…[Read more]

]]> 06c8fc030d6c7e8b928915451b2e0ed2 imugli replied to the topic Starting Out In Property Investing in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394127-starting-out-in-property-investing/#post-4592428 Mon, 01 Sep 2008 05:58:01 +0000 Sounds to me like a trust will be the best structure but best you do lot's of reading first. The books you read will give a start on your accountant questions. Simply telling your accountant your objective should be enough for him to recommend something, but his time is your money so best to have an idea first. He can advise you the pro's and cons…[Read more]

]]> 320c23a99f3d8408c09cb7aa59a50dee imugli replied to the topic I need help with my numbers guys... in the forum Help Needed! https://www.propertyinvesting.com/topic/4394130-i-need-help-with-my-numbers-guys/#post-4592435 Mon, 01 Sep 2008 00:18:53 +0000 Welcome, aegcp – enjoy your stay! Whilst I'm sure someone here will have a spreadhseet, perhaps it may be worth your while purchasing a property investment analisys program – I use one from Somersoft and love it but there are plenty around. Expect to pay for it but it'll be worth it in the long run.

]]> b0ea62fedef1269be9fc5204f494fab5 imugli replied to the topic Starting Out In Property Investing in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394127-starting-out-in-property-investing/#post-4592425 Mon, 01 Sep 2008 00:10:11 +0000 LnM wrote:
To get started, I'd like to know what type of entity should I do my property investing under. If I'm going to do it with some family members or friends and would like to register a business, what is our best option and why?The same question applies if I do it with my wife.

First of all, welcome!Unfortunately, the question you ask is…[Read more]

]]> 79a26ccc43d16115c8bd9896f2824482 imugli replied to the topic Turning Private Property into Investment Property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394104-turning-private-property-into-investment-property/#post-4592318 Fri, 29 Aug 2008 00:30:56 +0000 AnthonyJF wrote:
Correct me if i am wrong, for example if I currently have a mortgage of $170,000 and the value of the property is $550,000 and I decide to refinance the mortgage, before I purchase another property, so that the mortgage shall become ie $300,000. I'll still only have $170,000 to pay but with $130,000 sitting there draw upon. So…[Read more]

]]> 9eb861ac563ba717f66424c6a7b54a20 imugli replied to the topic Loan structure in the forum Finance https://www.propertyinvesting.com/topic/4394099-loan-structure-7/#post-4592253 Wed, 27 Aug 2008 11:43:53 +0000 Sounds like you’ve skipped at least 2 steps in a solid investment plan… Before you consider the best loan structure, consider your objectives first and then your ideal asset structure.

Talk to your accountant and read lots of books for these. Education and preparation are everything. Just like the house you’re planning to buy, if you don’t have…[Read more]

]]> 3477baacc3110c80e3de9977038c2a32 imugli replied to the topic Investment Advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4394082-investment-advice-needed/#post-4592183 Wed, 27 Aug 2008 00:02:16 +0000 If you're in Melbourne, try Educated Investor in Collins Street. I find the staff there knowledgable and they'll definitely point you in the right direction. If you're not, try their website… http://www.educatedinvestor.com.au/No one book holds the key – read lot's and take little bits from all of them. I'd spread your reading between investment…[Read more]

]]> 7a6d370cfeca5fff4936de0d608322c8 imugli replied to the topic Ferntree Gully VIC, Bowen Street...Pls help..!!! in the forum General Property https://www.propertyinvesting.com/topic/4394085-ferntree-gully-vic-bowen-street-pls-help/#post-4592192 Tue, 26 Aug 2008 22:27:26 +0000 When we bought our PPoR we spoke to a couple of the neghbours and asked them a few questions – Is the street used as a drag strip? Young Families in the area? Quiet? How long they'd been there? What did they think of it? etc etc… You'll get heaps of info from them… Secondly, did you notice kids running around the streets or riding their bikes…[Read more]

]]> 563eb1e38fa9d7c76483b7e3ee507cd3 imugli replied to the topic Interest Only loans in the forum Finance https://www.propertyinvesting.com/topic/4394057-interest-only-loans-18/#post-4592055 Mon, 25 Aug 2008 02:38:12 +0000 wdemirdonder wrote:
Cheers guys for all your help, so lets say I'm new to investing and this would be my first IP. Would LOC be the best option, and does anyone know if this is true ? 1. You can buy a IP and as long as you don't live in it, you can later purchase PPOR and get FHOG

Dude, you're asking the same questions in 2 or 3 threads :-) SRO…[Read more]

]]> 78e80b2b3870662383caf62f2deac5b6 imugli replied to the topic Extra repayments to IP loan?? in the forum Finance https://www.propertyinvesting.com/topic/4394005-extra-repayments-to-ip-loan/page/2/#post-4591791 Mon, 25 Aug 2008 01:38:16 +0000 From the first link above…You and your spouse/partner must not have owned residential property, either jointly, separately or with some other person prior to 1 July 2000, in any State or Territory of Australia You and your spouse/partner must not have occupied for a continuous period of at least 6 months, a residential property in which either…[Read more]

]]> a6c649521b5b0f3466057e255d953c24 imugli replied to the topic Trust & Corporate trustee... Can you set it up yourself???? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394068-trust-corporate-trustee-can-you-set-it-up-yourself/#post-4592098 Sat, 23 Aug 2008 03:16:12 +0000 You probably want 2 appointors and you also need what's called a settlor – someone who deposits and initial amount ($10.00 generally) who then has no claim to anything whatsoever. They are basically the person who gives your company the money to hold in trust. Is $2k the quote to set up your company and the trust? Because if it's for both it's…[Read more]

]]> 774c81fa07492151092cc9103583af53 imugli replied to the topic a better choice / abc financial group pty ltd in the forum Commercial Property https://www.propertyinvesting.com/topic/4394032-a-better-choice-abc-financial-group-pty-ltd/page/2/#post-4591927 Sat, 23 Aug 2008 01:31:56 +0000 Chris / JoThis is a public forum and you make comments to gain feedback from people, in this case a lot of people that have more experience in these matters. For what it's worth I don't consider myself to be one of those, just a beginner myself.Research and Preparation are the most important things when it comes to investing in anything, not just…[Read more]

]]> dd4bd2d011ca7221a4565954f0c1c4fc imugli replied to the topic Calculating principal repayment for offset savings in the forum Finance https://www.propertyinvesting.com/topic/4394042-calculating-principal-repayment-for-offset-savings/#post-4591999 Sat, 23 Aug 2008 01:08:20 +0000 You can get a month by month amortisation calculator here… http://www.infochoice.com.au/Home/Banking/Calculators/tabid/137/Default.aspx?ArticleId=15319It shows exactly how much is going on interest and principal each month. Hope it helps :-)

]]> 3b8a7afc23d64e15312b264ced59423d imugli replied to the topic First Home Owner in the forum Help Needed! https://www.propertyinvesting.com/topic/4394037-first-home-owner-2/#post-4591968 Fri, 22 Aug 2008 03:20:54 +0000 You can do both – the IP first AND still get the FHOG… https://www.propertyinvesting.com/forums/getting-technical/finance/4325600Third post from the bottom of the page. Go to work! :-)

]]> fd1fe3ac7932fad68035f1ddc35167b5 imugli replied to the topic is this a trick? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394045-is-this-a-trick/#post-4592025 Fri, 22 Aug 2008 01:42:33 +0000 dgabriel wrote:
Thanks for your advice too imugli, I am starting to think you are right, but am still in 2 minds. Maybe we are just not in a position yet to buy. We have been putting away all our spare money, but it is slow going, and a decent chunk of my spare money goes towards the negatively geared IP. I guess it is also not a good idea to…[Read more]

]]> ac71f25ebd2b208c155de0efa96be366 imugli replied to the topic First Home Owner in the forum Help Needed! https://www.propertyinvesting.com/topic/4394037-first-home-owner-2/#post-4591966 Thu, 21 Aug 2008 23:29:23 +0000 Best place to start is by reading lot's of books on property, investing and tax / structures. Then figure out your objectives – what do you want to gain from investing? Reduction in taxable income? Passive cashflow (i.e income you don't have to work for)? Asset protection? A 'legacy' for future offspring? Is it simply a land grab (because they…[Read more]

]]> 40e17c49fbb339596ce1d7be8af39eea imugli replied to the topic is this a trick? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394045-is-this-a-trick/#post-4592019 Thu, 21 Aug 2008 05:41:48 +0000 Don't draw on your IP. The interest you pay on the equity draw or redraw won't be tax deductible like it is now… Second, you will, in effect be borrowing 100% of the value of your new place – <$38k from the equity and the remaining on a new loan. Can you afford the payments on that? You'll be at least 90% geared – could you afford a negative…[Read more]

]]> 716df40fcd0e19b3b3ac65adf5e0fc50 imugli replied to the topic Borowing to Buy(invest) Properties overseas in the forum Overseas Deals https://www.propertyinvesting.com/topic/4388918-borowing-to-buyinvest-properties-overseas/#post-4564375 Thu, 21 Aug 2008 04:28:08 +0000 Think of a line of credit as a great big credit card, but secured against your property as opposed to being unsecured like a normal credit card. You have a limit and an interest rate and you have to pay x% of the outstanding debt each month, not an MMP as such like with a standard mortgage…

]]> 665880067707cf98cdbf4d24e991aa87 imugli replied to the topic a better choice / abc financial group pty ltd in the forum Commercial Property https://www.propertyinvesting.com/topic/4394032-a-better-choice-abc-financial-group-pty-ltd/#post-4591922 Wed, 20 Aug 2008 22:40:34 +0000 Qlds007 wrote:
ImulgiPrecisely the reason why i asked the question.Seems to me like the office plants dont really understand how – gearing works.

Some 22 year old fresh out of uni with a degree they'll never get a job for, no doubt… :-)

]]> 2544090fa44b7e80707fadc5a06c5a19 imugli replied to the topic a better choice / abc financial group pty ltd in the forum Commercial Property https://www.propertyinvesting.com/topic/4394032-a-better-choice-abc-financial-group-pty-ltd/#post-4591918 Wed, 20 Aug 2008 07:07:27 +0000 joanne76 wrote:
Richard

With $430 a week rent plus tax benefits we can reduce the interest paid through our line of credit and this will help us reduce our debt faster than we can by our selves.

Regard

Joanne

Yes, but you've said it's COSTING you $130.00 per week. How are you paying down your debt when something is COSTING you $130.00 per…[Read more]

]]> 6667e97b491072853e3c440e1b05cc43 imugli replied to the topic a better choice / abc financial group pty ltd in the forum joanne76 wrote:RichardWith https://www.propertyinvesting.com/topic/4394032-a-better-choice-abc-financial-group-pty-ltd/#post-4591918 Wed, 20 Aug 2008 07:07:27 +0000 joanne76 wrote:
RichardWith $430 a week rent plus tax benefits we can reduce the interest paid through our line of credit and this will help us reduce our debt faster than we can by our selves.RegardJoanne

Yes, but you've said it's COSTING you $130.00 per week. How are you paying down your debt when something is COSTING you $130.00 per week? Do…[Read more]

]]> 8ea6a46a96f0f16453eae1a61fee5e2c imugli replied to the topic a better choice / abc financial group pty ltd in the forum Commercial Property https://www.propertyinvesting.com/topic/4394032-a-better-choice-abc-financial-group-pty-ltd/#post-4591918 Wed, 20 Aug 2008 07:07:27 +0000 joanne76 wrote:
RichardWith $430 a week rent plus tax benefits we can reduce the interest paid through our line of credit and this will help us reduce our debt faster than we can by our selves.RegardJoanne

Yes, but you've said it's COSTING you $130.00 per week. How are you paying down your debt when something is COSTING you $130.00 per week? Do…[Read more]

]]> 3aa9abe9976ebba67a95d926f138abe6 imugli replied to the topic Starting Out in the forum Help Needed! https://www.propertyinvesting.com/topic/4394014-starting-out-18/#post-4591823 Mon, 18 Aug 2008 00:04:57 +0000 Martin63 wrote:
Thanks for the reply imugli.We currently operate our business within a family trust structure, and perhaps I should create a new one for property investing to help protect the assets from creditors of the business in the unlikely event that something should go wrong.

 Sounds like a good idea to me but again, figure out what…[Read more]

]]> 4e2e87e0c6359211bb759786e2ce3156 imugli replied to the topic Starting Out in the forum Help Needed! https://www.propertyinvesting.com/topic/4394014-starting-out-18/#post-4591821 Sat, 16 Aug 2008 11:46:48 +0000 Welcome aboard, Martin. Enjoy your stay with us!Investing and structures is really a different for everyone thing and would possibly even be dependent on the structure of your current business and what your objectives are.For instance, my objectives are asset protection, passive income and flexibility as to who gets that income, so I have my IP…[Read more]

]]> 8a3aa94b7e196727910e97fa56a9ee16 imugli replied to the topic Borrowing power - what do you think? in the forum Finance https://www.propertyinvesting.com/topic/4394010-borrowing-power-what-do-you-think/#post-4591810 Sat, 16 Aug 2008 06:54:40 +0000 Qlds007 wrote:
imuli, Yes you always link the offset account to the non deductible debt.Only if you have no NDD would i link an offset account to an investment loan.

Thanks Richard!

]]> f972ed0dc6571d4f7384bd6447eea239 imugli replied to the topic Borrowing power - what do you think? in the forum Finance https://www.propertyinvesting.com/topic/4394010-borrowing-power-what-do-you-think/#post-4591808 Fri, 15 Aug 2008 23:47:41 +0000 AimHigher wrote:

imugli wrote:
IMO you should start by getting the current IP to CF+ status – set up an offset account linked to the IP and dump everything in that. THEN start looking at your next one.

ImugliBut how do I get the IP CF+??? We're in a bit of a bind in terms of tenants. The ones we have now are excellent. Always on time,…[Read more]

]]> 9e682a823115e92d9cddcb44765ccaa9 imugli replied to the topic Borrowing power - what do you think? in the forum Finance https://www.propertyinvesting.com/topic/4394010-borrowing-power-what-do-you-think/#post-4591804 Fri, 15 Aug 2008 09:21:05 +0000 It wasn't a typo, but I've just learned something, so thanks Richard. Can I clarify why you'd put it on the PPoR? Is it because the interest on that one isn't tax deductible?

]]> 715c76c4845154db908e2332527fe325 imugli replied to the topic Borrowing power - what do you think? in the forum Finance https://www.propertyinvesting.com/topic/4394010-borrowing-power-what-do-you-think/#post-4591802 Fri, 15 Aug 2008 05:54:28 +0000 IMO you should start by getting the current IP to CF+ status – set up an offset account linked to the IP and dump everything in that. THEN start looking at your next one.

]]> 79386dae8f02a1c4d4ab980f7c64f558 imugli replied to the topic a big blunder maybe? in the forum Finance https://www.propertyinvesting.com/topic/4394009-a-big-blunder-maybe/#post-4591799 Fri, 15 Aug 2008 05:50:42 +0000 How does this sound… DON'T redraw on Property A at all – leave it as is. Refinance property B once it's become your PPoR and use the cash to pay Property A off completely, therefore making it for investment purposes and tax deductible. Property A will then (presumably) be CF+, contributing positively to your income and helping with your own…[Read more]

]]> 5d9aa2b4f4d12765aa78b328875bb375 imugli replied to the topic Extra repayments to IP loan?? in the forum Finance https://www.propertyinvesting.com/topic/4394005-extra-repayments-to-ip-loan/#post-4591780 Fri, 15 Aug 2008 04:17:25 +0000 Thanks Kyla. Everyone here was new at some stage (I still am) – it's all good A couple of tips you'll see around here are Read book after book after book on the subject and learn different people's strategies and how they implement them. I also read up a lot on structures (trusts, tax etc) so that when I speak to my accountant, we're on the sa…[Read more]

]]> 4f8f92493de01ff4b1e481e08088d585 imugli replied to the topic Extra repayments to IP loan?? in the forum Finance https://www.propertyinvesting.com/topic/4394005-extra-repayments-to-ip-loan/#post-4591778 Fri, 15 Aug 2008 02:33:17 +0000 See, I had your situation wrong all over  and mine is completely different :-) Kyla, care to divulge any further re your situation, stragey etc?

]]> 0c6e2119edea83254c79bc7755c6371f imugli replied to the topic Extra repayments to IP loan?? in the forum Finance https://www.propertyinvesting.com/topic/4394005-extra-repayments-to-ip-loan/#post-4591776 Fri, 15 Aug 2008 01:41:09 +0000 I actually agree with you JRr, but we're obviously in the CF+, debt is only good if someone else is paying it group :-) Different mindsets and different situations, neither being incorrect, just different. What IS kyla's financial situation and what strategy has she decided upon? Without knowing this I thought it best to put as many cards on the tab…[Read more]

]]> 67cefb52372cb1754e0f9ee34626589d imugli replied to the topic Extra repayments to IP loan?? in the forum Finance https://www.propertyinvesting.com/topic/4394005-extra-repayments-to-ip-loan/#post-4591773 Thu, 14 Aug 2008 23:20:25 +0000 JRr wrote:
i'd pay off the loan if interest earned in a bank desposit is going to be taxable at resident's tax rate.  why pay bank mortgage interest when you don't have to?   Set aside some emergency funds (in a high interest bank account like BankWest Telenet) to last you 3-6 months, but anything over and above that, you should try to pay of…[Read more]

]]> a7d0f969a12c1cfe6b9cb33ce888ab2a imugli replied to the topic Extra repayments to IP loan?? in the forum Finance https://www.propertyinvesting.com/topic/4394005-extra-repayments-to-ip-loan/#post-4591771 Thu, 14 Aug 2008 12:54:52 +0000 kyla wrote:
thanks Imugli, I realise now that we should have chosen a loan with the option of an off set account but unfortunetly it doesnt come with the fixed rate loan so until it changes to a variable rate in 2 years time, what should we do with the extra funds?? I also realise that we should have gone with a variable rate from the start…[Read more]

]]> 5da1307754ef3b7f922d41e4e314220e imugli replied to the topic Extra repayments to IP loan?? in the forum Finance https://www.propertyinvesting.com/topic/4394005-extra-repayments-to-ip-loan/#post-4591768 Thu, 14 Aug 2008 01:41:22 +0000 Put the money in the offset account and leave it there. If you pay it off the loan, then redraw it for personal gain (i.e your PPOR) you lose the tax deductibility of that amount on the loan. Example… You loan is $100,000 and it's an investment property, so the interest is tax deductible. Put the cash in the offset account and you only pay…[Read more]

]]> e1764ec094f6801643c36ca4ed56cd12 imugli replied to the topic Premium Finance in the forum Opinionated! https://www.propertyinvesting.com/topic/4393288-premium-finance-2/page/2/#post-4587891 Thu, 14 Aug 2008 00:08:25 +0000 Spicy wrote:
Also, I didn't say that she was breaking any privacy practices, I just said I wasn't happy that she posted that information and I thought is was very un-professional.

Spicy, National Privacy Principles are laws that have been put in place for a reason. Whilst I'm glad (for Premium's sake) you haven't taken it as a breach, the fact…[Read more]

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