40 | Q&A - Line of Credits, NRAS Program, Fixing a Broken Portfolio, Conducting a Due Diligence and Insurances

Introducing the first episode of our summer series! Let’s kick start with Q&A episodes. If you have a property-related question that you couldn’t solve or needs an opinion on, please do not hesitate to let us know here. 

In this episode, Bryce and Ben will be addressing some topics:

• Line of Credit (LOC) question from Brad: I have a finance-related question, specifically about the intricacies of Lines Of Credit. I understand that you would use your LOC for investing costs, such as a deposit on a new property, or the levies or rates for a property. My uncertainty is whether I am then able to claim the interest charged on the LOC for these expenses. To make things more complicated, what if you were to pay your investment loans off using this LOC? Surely you couldn’t then claim the interest on the LOC as well as the investment mortgage? That would be double-dipping, right? Please do a segment on your show that explains more about how to use the LOC tax effectively and legally.
• NRAS questions from Cesar: What is your view on the NRAS program? 
• Property Portfolio question from Sandy: My suggestion is to discuss the strategy to fix a “broken” portfolio ie a number of underperforming properties that were spruiked.
• Due Diligence and Research from Daniel: What resources do you need and what do you have to look for in conducting due diligence? I wouldn’t know where to begin. Could you please elaborate on how one can achieve this?
• Property Insurance from Daniel: Advice on what’s the best type of insurance to have on your investment property?

Free resources mentioned in this podcast:

• Episode 23: Exit Strategy in Property Investment
• Episode 38: Property Price Research in Australia
• Episode 06: Four Pillars of Mastery – Defence
• Bryce and Ben’s Book – Order them here

If you like this Q&A episode, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our

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