PropertyInvesting.com | NikNakPadyWack | Activity https://www.propertyinvesting.com/members/niknakpadywack/activity/ Activity feed for NikNakPadyWack. Mon, 06 Apr 2026 03:46:08 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 5890d6be844077382374a0d43a796c1d NikNakPadyWack replied to the topic Is there a banking model to setup an account my ip income goes into in the forum Wow...I never new I could do https://www.propertyinvesting.com/topic/4404033-is-there-a-banking-model-to-setup-an-account-my-ip-income-goes-into/#post-4650556 Fri, 24 Jun 2011 20:24:44 +0000 Wow…I never new I could do anything like that. I do have a financial adviser and this method was never mentioned.

By the end of this month, I will have been self employed for two years earning on average circa $130k gross but its only over the last year, that I have started to think more about my families financial future through investing. By…[Read more]

]]> f024dbdb1063ef00cc3c97fbbc03e931 NikNakPadyWack replied to the topic Is there a banking model to setup an account my ip income goes into in the forum Terryw wrote:Hi N, Good. But https://www.propertyinvesting.com/topic/4404033-is-there-a-banking-model-to-setup-an-account-my-ip-income-goes-into/#post-4650554 Fri, 24 Jun 2011 12:42:47 +0000 Terryw wrote:
Hi N,Good. But the $100,000 for the shares, did this come from your offset account?If so you are not doing it tax effectively.

Yes it did. It was living in my offset which we use to pay off the credit card and any other day to day expenses. I’m guessing I should have spoken to my accountant before doing this? Oh there’s so much…[Read more]

]]> eff58dd8e2dbce78f77e0884276dc704 NikNakPadyWack replied to the topic Is there a banking model to setup an account my ip income goes into in the forum Help Needed! https://www.propertyinvesting.com/topic/4404033-is-there-a-banking-model-to-setup-an-account-my-ip-income-goes-into/#post-4650551 Fri, 24 Jun 2011 12:02:52 +0000 Thank you for your replies.

Terry – No. The extra money remained on the loan. And over the last year all our savings have been going onto the offset. We have just released $100k into our share portfolio to spread our risk.

We owe $230k and we are paying interest only. The IP income covers the repayments and we have some left over.

Your last…[Read more]

]]> 380d1f96274800af5bb3e3bffa2bd147 NikNakPadyWack replied to the topic Is there a banking model to setup an account my ip income goes into in the forum Help Needed! https://www.propertyinvesting.com/topic/4404033-is-there-a-banking-model-to-setup-an-account-my-ip-income-goes-into/#post-4650547 Fri, 24 Jun 2011 09:11:22 +0000 Hi Alf1

I may not have explained myself clearly. I am not looking for another mortgage package (at least not yet anyway ) more along the lines of staying with the same bank and opening up say…another account were the IP income and expenditures go in and out of. I am very new to the whole process but have learnt many lessons in life to…[Read more]

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