Any deposit or proceeds etc will be held in a trust account – either a solicitors or real estate agents. There are stringent rules regarding trust monies. So it would be very unlikely that a solicitor would take the money – but it does happen sometimes. All solicitors carry insurance, so if you do suffer a loss you can make a claim against the solicitor and/insurnace.

You should be able to do most things via post such as signing documents etc. Or, you could appoint the solicitor or someone else as you attorney to sign documents on your behalf – probably not necessary.

I have bought and sold many properties interstate without ever meeting anyone – never seen the agent, solcitor, buyer or even the property. Your situation would be similar, just a bit longer in distance.

Most major banks will go up to 70% LVR for SMSFs. Expect highish fees though.

I can't see how it would benefit you.

You could look at borrowing some equity and investing into high yielding shares. Mst be careful tho. You could then possibly capitalise the interest on the LOC for hte shares and get some good dividends.

give us some rough numbers?

I knew some people who did – had to sell their properties in the end.

If you borrowed it and place it into another investment loan then it would be just a refinancing of part of the debt. deductbility should be the same but you may still retain access to the funds if the second loan has redraw.

But you would be required to aportion the interest between the 2 and it would get complicated if you were to ever live in the 2nd property.

What are you trying to achieve?

hi Catalyst

Yes, renovation and selling would be good. But I took the term flipping to mean just buy and sell straight away – possibly without even settling on the property.

Yes. The extra tax on the new loan, ie the redrawn amount, will not be deductible because you will be borrowing it and placing it in a savings account.

Capital gains haven't happened yet – so hard to evaluation. But no point in investing without them so you need to consider.