Recent content by m2014

Hi. I have PPOR loan with an offset account. I want to buy my first PI (300K) and use the 10% deposit (30K) from my offset account. After settlement, if I ask my bank to transfer 10% deposit money back into my offset account, can I claim interest from 300K or 270K only when I do my tax...

Thank you Scott and Paul for the information. I think I posted an incorrect question. I think the correct question should be: Can I claim the cost of getting depreciation schedule as a cost of managing tax affairs if the depreciation schedule report is done before the settlement date?

Hi, if I get depreciation report done before settlement date, can I still claim the cost of getting the report? or should I get the report after settlement instead?

Thanks Jamie, I think I should talk to a mortgage broker instead of bank.

Hi, I learn so much about property investing (I think) by reading this forum. My first mistake: I have PPOR with principle + interest loan instead of interest only + offset account in case I want to transfer my PPOR to PI in future. Now, let say I have about 250K remaining on my PPOR...