PropertyInvesting.com | jate | Activity https://www.propertyinvesting.com/members/jate/activity/ Activity feed for jate. Sat, 11 Apr 2026 19:20:35 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 9ff58214557c4cc4439dfeb727d76401 jate replied to the topic Software used by Real Estate Agents in the forum General Property https://www.propertyinvesting.com/topic/4991677-software-used-by-real-estate-agents/#post-5028103 Mon, 04 Jul 2016 03:57:16 +0000 Quicken rental property manager is what I use, but find that it is not Australian specific.
but it goes a reasonable job for data entry of income/expenses with categorizations.
Interested to know of any other software though as I’m sure there must be better ones out there.

]]> 0513bb224de5777e0532faf13ef3f829 jate replied to the topic Software used by Real Estate Agents in the forum General Property https://www.propertyinvesting.com/topic/4991677-software-used-by-real-estate-agents/#post-5028102 Mon, 04 Jul 2016 03:55:04 +0000 quicken rental property manager

]]> bdaec4ad76bd38b23504e9ff445030ae jate replied to the topic Increase LOC against PPOR vs paying down LOC for "reuse" in the forum Finance https://www.propertyinvesting.com/topic/4993202-increase-loc-against-ppor-vs-paying-down-loc-for-reuse/#post-4993263 Wed, 30 Jul 2014 22:13:41 +0000 Thanks all for your input. I’m glad to hear that either way I go achieve the same outcome in terms of the borrowing. I guess for some reason I feel it safer to have the securities against my IP’s than over leveraging my PPOR.

In regards to the Line of Credit I have with Commonwealth Bank, called them up this morning wanting to stop the…[Read more]

]]> c3b7a608d3a54db9dc38c6ebc4848576 jate replied to the topic Increase LOC against PPOR vs paying down LOC for "reuse" in the forum Finance https://www.propertyinvesting.com/topic/4993202-increase-loc-against-ppor-vs-paying-down-loc-for-reuse/#post-4993204 Tue, 29 Jul 2014 13:13:48 +0000 Thanks for the reply Kinetic.

Would the banks or any other parties (ie. Accountants, ATO etc…) look at the ‘debt’ differently if the security is against a PPOR vs the IP’s?

On a slightly separate note, If I go with option 1, when will my LOC ever get paid off? Currently the DEBIT interest is compounding on itself. Won’t this get me into strife…[Read more]

]]> 081af8374e73bfc21a90eac13d3ecaf1 jate started the topic Increase LOC against PPOR vs paying down LOC for "reuse" in the forum Finance https://www.propertyinvesting.com/topic/4993202-increase-loc-against-ppor-vs-paying-down-loc-for-reuse/ Tue, 29 Jul 2014 11:28:52 +0000 Hi all,

I’m looking for advice in my particular scenario and keen to hear your experience of best way to approach things.

Currently I have a single separate LOC (solely used for investment purposes) working account against my PPOR which I have used for deposits in purchasing some investment properties over the last few months. At its current…[Read more]

]]> 63d44911b6c008457ea06da6d433bd61 jate replied to the topic Using Equity as a Deposit for Investment Property: How Does it Work? in the forum Finance https://www.propertyinvesting.com/topic/using-equity-as-a-deposit-for-investment-property-how-does-it-work/page/2/#post-4699328 Sun, 09 Mar 2014 09:55:31 +0000 Qlds007 wrote:
Hi Jate

Hate to say it seems go from bad to worse.

Think you definitely need a complete loan check.

Cheers

Yours in Finance

Hi Richard,
Thanks for your reply, but can you provide an explanation why you think my set up is so wrong?

To recap, I have it as:

LOC (100% investment use) – used to pay deposit for IP#1 and IP#2.…[Read more]

]]> 68b5053f01564f9b9c07e43c4075f89f jate replied to the topic Using Equity as a Deposit for Investment Property: How Does it Work? in the forum Finance https://www.propertyinvesting.com/topic/4410698-using-equity-as-a-deposit-for-investment-property-how-does-it-work/#post-4699325 Sun, 09 Mar 2014 03:55:04 +0000 Terryw wrote:
Why are you paying interest with the LOC?

What I meant is that my LOC account, which is used 100% for Investment purposes only. Such as deposits for IP#2 and IP#3.
I am planning on tax-deducting the debit interest incurred on this account.
Currently CBA has it setup with the debit interest for this LOC account is being…[Read more]

]]> dfdf2fe0b7a2212d41af4fabfb50469f jate replied to the topic Using Equity as a Deposit for Investment Property: How Does it Work? in the forum Finance https://www.propertyinvesting.com/topic/4410698-using-equity-as-a-deposit-for-investment-property-how-does-it-work/#post-4699322 Sun, 02 Mar 2014 08:44:41 +0000 Terryw wrote:

A better way

Loans
$200,000 for the PPOR secured by the PPOR
$200,000 LOC secured by the PPOR. This will be used for the investment

$240,000 loan secured by the IP

The remaining $60,000 and stamp duty etc for the IP will come from the LOC secured on the PPOR. Interest should be deductible if set up correctly and this will…[Read more]

]]> 567d451444b156b81be364ea2c3b442c jate replied to the topic Bookkeeping of Settlement/Purchasing Expenses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410687-bookkeeping-of-settlementpurchasing-expenses/#post-4699254 Tue, 11 Feb 2014 01:06:42 +0000 Hi Jamie,

Yep 2014 new year's resolution told myself to be more much organized, hence I was trying to get everything pre-listed out and pre-categorized and into separate folders for each IP so that it would make it easier for the accountant rather that sending him a shoebox of just papers. Hopefully someone on the forums has some input on those…[Read more]

]]> 8e65b0af1e9c7cc8b800cede5c2ad225 jate replied to the topic Advice on property in the forum General Property https://www.propertyinvesting.com/topic/4410652-advice-on-property/#post-4699122 Mon, 10 Feb 2014 05:30:26 +0000 FMS wrote:
If not enough available then pay down some of the PPOR loan and reborrow.  

I also did this about a month ago based on advice from my mortgage broker.
I had all my savings in my offset account against my PPOR but since an opportunity came up and I hadn't had the time yet to restructure my PPOR loan with a LOC to draw on the equity,…[Read more]

]]> 3c2a756df2351b58031b263a8fe10c60 jate replied to the topic The old convert the PPOR trick.. in the forum Help Needed! https://www.propertyinvesting.com/topic/4410581-the-old-convert-the-ppor-trick/#post-4698685 Mon, 10 Feb 2014 05:12:57 +0000 Jamie M wrote:
 I've done this personally with a couple of properties – kept upgrading and converting them to IPs. 

How does one actually 'convert' it from PPOR to IP? Is it just a simple matter of putting in a tenant and from that date onwards all deducatable expenese are now eligible?

]]> 543c414f23abc475069b590272f26581 jate replied to the topic land lord insurence in the forum Help Needed! https://www.propertyinvesting.com/topic/4410670-land-lord-insurence/#post-4699199 Mon, 10 Feb 2014 04:30:50 +0000 My buyer's agent organized a new policy for me a policy via EBM, Seems to be ok. $285 for a Victoria 2 Bedroom Unit.

Are EBM (Insurance Brokers) similar to how Mortgage Brokers kind of operate? In that they will search a number of deals for you then present the best one to you which suits your needs then you deal with the company then…[Read more]

]]> 5a98b22a654837947c29b94a0cfdb1a5 jate replied to the topic Can the PPOR LOC be paid down by Accessing the Equity from IP? in the forum Finance https://www.propertyinvesting.com/topic/4410527-can-the-ppor-loc-be-paid-down-by-accessing-the-equity-from-ip/#post-4698283 Tue, 28 Jan 2014 09:52:10 +0000 Wouldn't one advantage to this approach be that you would be reducing the 'risk' against the PPOR since the LOC is secured against your home and then 'shift' the liability so to speak to your IP LOC. That way if things turn sour, you may only loose your IP which you may care less about and is just another line in your excel sheet as opposed to…[Read more]

]]> 39551ff42b5f0d5e1c62e065be753231 jate replied to the topic How to pay Interest Only Home Loans from OFI? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410407-how-to-pay-interest-only-home-loans-from-ofi/#post-4697275 Fri, 13 Dec 2013 10:26:16 +0000 ANZ Bank says they cannot do this where Repayment type = Interest only 
was planning on using my CBA Investment transaction account as the master. 

Opening a no-frills Aussie Home Loan for another property just purchased. 
Hopefully they will allow it. Last thing I need is more accounts. 

]]> a7add05bc4531817711d8c6a24f72810 jate replied to the topic How to pay Interest Only Home Loans from OFI? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410407-how-to-pay-interest-only-home-loans-from-ofi/#post-4697272 Thu, 12 Dec 2013 20:21:51 +0000 Hi Colin, i too was thinking it would be as simple as that but the bank informs me that this is not possible because for interest only loans the amount is always a differing amount each month they won't know how much to deduct plus there is a 3 day delay from OFI so they said it's not possible?

im just trying to think how utility companies direct…[Read more]

]]> 4b322ca15e5df078d658dad283d5168b jate replied to the topic Structuring loans for investment properties in the forum Finance https://www.propertyinvesting.com/topic/4410076-structuring-loans-for-investment-properties/page/2/#post-4695148 Thu, 05 Dec 2013 23:22:29 +0000 Terryw wrote:
Hope your broker is not giving tax advice.

Not really, but he was explaining how he thought was best to restructure my loans/accounts I had.
He did make some comments regarding not to use my money directly to pay for expenses from my PPOR Offset account for Investment purposes directly as it wouldn't then be tax deductible. Then…[Read more]

]]> 96f377905e585602fca5c9540164ce1e jate replied to the topic Structuring loans for investment properties in the forum Finance https://www.propertyinvesting.com/topic/4410076-structuring-loans-for-investment-properties/page/2/#post-4695146 Thu, 05 Dec 2013 09:57:24 +0000 Thanks Terryw and PLC. You guys are always so quick and on the ball on these forums.
Glad that you can provide such helpful hints and advice for us all.

All these new accounts I've suddenly acquired from my mortgage broker after refinancing/restructuring was really confusing me.
Very different to the simple days I used to have things where each…[Read more]

]]> e9c4ed453f231a2d522de02a399901f2 jate replied to the topic Structuring loans for investment properties in the forum Finance https://www.propertyinvesting.com/topic/4410076-structuring-loans-for-investment-properties/page/2/#post-4695142 Thu, 05 Dec 2013 00:31:55 +0000 Would anyone ever use a Line of Credit to pay off monthly loan repayment interests instead of taking it out of a normal transaction/savings/offset account? or will the banks somehow not really allowed because it too is 'borrowed' funds?

For example:
Property A – Loan – Monthly interest charges $111.11
Property A – LOC – $100,000 limit…[Read more]

]]> d22a60ca6d7bbfd0a5ef77f5304f3dd9 jate replied to the topic Offset v LOC in the forum Finance https://www.propertyinvesting.com/topic/4387747-offset-v-loc/#post-4558991 Wed, 04 Dec 2013 12:54:44 +0000 FMS wrote:
Any reason why you dont move the 60k from the IP offset to join the 200k in the PPOR offset therefore minimising interest payments that are non deductable and maximising deductable debt on the IP? I dont think paying down your IP debt with the 60k in the offset is a good move based on the informtion disclosed thus far. 
 

Well…[Read more]

]]> c47c5ef976688630a655edea775fdfff jate replied to the topic Offset v LOC in the forum Finance https://www.propertyinvesting.com/topic/4387747-offset-v-loc/#post-4558988 Fri, 29 Nov 2013 03:10:33 +0000 FMS wrote:
If you accesed the 100k equity your loan would increase to 300k and your offset account would have 160k in it so interest would be calculated on the difference being 140k making no difference :)

Yes – of course! Silly me! How did I miss that. Totally embarrasing.
Ok so that would mean that the interest calculation would be the same…[Read more]

]]> fe4791459fc38fc440be884210992132 jate replied to the topic Structuring loans for investment properties in the forum Finance https://www.propertyinvesting.com/topic/4410076-structuring-loans-for-investment-properties/#post-4695139 Thu, 28 Nov 2013 01:31:22 +0000 Hi Richard, can you please elaborate how I can do this correctly to be tax compliant?

]]> 8d7c7ef999dc821890294eaf21bc1093 jate replied to the topic The True Power of an Offset Account in the forum Finance https://www.propertyinvesting.com/topic/4410311-the-true-power-of-an-offset-account/#post-4696601 Wed, 27 Nov 2013 21:38:00 +0000 Terryw wrote:

I see so many people who are costing themselves a fortune because of poor structuring.

Hi Terrw,

Are you able to advise what is the best way to structure accounts for people where you have a basic portfolio such as the follows and looking to be able to most effectively scale up and grow the number of investment properties…[Read more]

]]> 8ad3532d96b0df3ef7c7e5511c8a737e jate replied to the topic Structuring loans for investment properties in the forum Finance https://www.propertyinvesting.com/topic/4410076-structuring-loans-for-investment-properties/#post-4695137 Wed, 27 Nov 2013 21:27:08 +0000 TheFinanceShop wrote:
Good work – create a "superman" account against the PPOR and pay IO. Divert all rental income to the PPOR Offset and then have all outgoings going from that offset.

Disaster diverted.

Hi Shahin,

Doesn't this method breach some taxation law in terms of items which can be tax deductible?
That is, because this is mixing…[Read more]

]]> 8cc1d1d40c177e2fa6a478f090454e9a jate replied to the topic Offset v LOC in the forum Finance https://www.propertyinvesting.com/topic/4387747-offset-v-loc/#post-4558985 Wed, 27 Nov 2013 12:08:13 +0000 Hi all, 

I've just come across this forum post as I have been racking my brains trying to also figure out the difference advantages/disadvantages of LOC vs Offset.

If I currently have an investment property with the accounts in a simple structure like:

Loan Account (Variable Interest Only) – $200,000

Offset Account (100%) – $60,000

Equity…[Read more]

]]>