dingdongbell posted:Offset vs Redraw
Check with your accountant. Pretty sure you cannot claim the full 500k interest through your tax.
I should add that the interest cal above is a very simple example...just trying to…
dingdongbell posted:Offset vs Redraw
Basically once you put money into redraw facility, you've paid off the principle component of the property. Say you have 500k loan and put 200k into your redraw facility. You…
dingdongbell posted:Offset vs Redraw
you guys missed one very important factor.
say if home loan 500k for an IP
if you put 200k in redraw facility, you interest expense will be basing on 500 - 200…
dingdongbell posted:Buy or rent? Place earnings into a house or savings account?
Hi.
In my opinion, to rent or to buy you have to consider it separately. But on top of that there one major factor you need to consider. Regardless whether the…
dingdongbell posted:use existing property as collateral
Thanks. Understood.
An unrelated question...I knew some people have multiple properties and their income is not that high. I am curious to know how those people about to afford multiple properties...
I…
dingdongbell posted:use existing property as collateral
Thanks very much for the quick replies...
let's say I finance my IP with 20% (secured loan from my Fully own property)
and 80% (Normal mortgage)
I guess my question is...in terms of…
dingdongbell posted:use existing property as collateral
I am looking to buy an IP, is it a good idea to use my fully owned PPOP as collateral for the loan?
What is the best way to do it?
Thanks!
dingdongbell posted:How to polish my carbinate??
can someone pleaseeeeeeeeeee help!?!?
dingdongbell posted:How to polish my carbinate??
Good question... i am not 100% sure actually...But on the edge of the cabinet, I can see the "brown wood" surface fell off...I can take some picture and show it…
dingdongbell posted:How to polish my carbinate??
My kitchen's carbinate is getting old... (dark brown wood looking laminate)
any tips on how to polish or make them look nicer???
Thanks heaps...
dingdongbell posted:Purchasing IP with PPOR Redraw & Tax Implications
what is the tax implication if you
a. Don't change the redraw facility's balance at all.
b. Frequently change redraw facility's balance.
Thanks,
dingdongbell posted:Purchasing IP with PPOR Redraw & Tax Implications
Hi, Thanks for your reply.
let's say P1 worth 100k and I have 90k in redraw facility. When I move out of P1 and turn it into an investment property and…
dingdongbell posted:Purchasing IP with PPOR Redraw & Tax Implications
My questions is:
1.) If I use the redraw as a deposit to purchase an IP with an associated loan and rent it out. (At this time I would make minimum…
dingdongbell posted:Refresh the island benchtop!
Hi,
We’ve got a relatively old kitchen cabinet (it is an island benchtop), and want to refresh them…we’ve decided to just change the benchtop to caesarestone and keep the cabinet, do…
dingdongbell posted:laminate floor - 12mm or 8mm???
Thanks guys...
We are in Sydney and been to some flooring companies...e.g. decorug etc...the 12mm selection is quite limited...do you guys have any good recommendations in sydney? e.g. brand/store?
thanks again.
dingdongbell posted:laminate floor - 12mm or 8mm???
I am confused...is what is the difference between 12mm and 8mm laminate floor? most of the flooring guys I talked to says 8mm is fine...
dingdongbell posted:Sydney Kitchen Renovation Recommendation please.....
We want to make a island bench-top...budget is about 5k...any recommendations???
we want to do Caesar Stone + waterfall edge, 2.3 m long and 800mm deep...do you guys think 5 k…
dingdongbell posted:Kitchen renovations - help!
We want to renovate half of the kitchen in our apartment (i.e. the bench and sink but not the oven/stove top).
Do you know of a place that will do this…
dingdongbell posted:Laminate Maintenance/Brand Help!!!
Hey Guys, I have a few questions...and would really really appreciate your help...
I got an apartment and wanted to rent it out...
1. I was told that Laminate is…
