186 | Q & A - Should You Pay Down the Principle Loan When Interest Rates are Low? Are Multiple Offset Accounts a Good Idea? PLUS The Step-by-Step Process to Buy an Investment Property!

The Property Couch

“The People’s podcast” is EXACTLY that today folks! Because here’s the deal… it’s full-on, gold-packed Q & A Day!!

And we’re diving headfirst into…

1. Offset accounts —is it a good idea to have multiple offset accounts? And should you offset your highest loan or the oldest loan?
2. Investing in outer suburbs versus inner suburbs
3. The step-by-step process of buying an investment property
4. Buying a home (PPOR) versus an investment property (IP)
5. Lending — should you pay down the principle of an investment property when interest rates are low?
6. Why should you join PICA?
7. TWO amazing LifeHacks from our community!

Oh, folks, we don’t want to pick favourites but even we’ll admit it these are some solid questions from our listeners!

From start to “Knowledge is empowering, but only if you act on it”… this episode is ALL YOURS!

Before we jump into the questions, click here to download Ben’s Data Dive on Better Price Point, Better Location and Better Returns or fill in the form below and we’ll send it to your email right away.
Questions from Kyrillos:

1. If you’re purchasing more than 1 property, can you get more than one offset account? And if so do you split all the cash between them, or is it wiser to pour in all the cash in the offset against a larger loan?
2. To do with LocationScore — I’ve gone through and created a Spreadsheet of all of the suburbs within 50km of Brisbane’s CBD and found that most of the better-scored suburbs are actually quite far, in terms of the asset selection criteria you guys talk about. I understand that LocationScore is more of a demand versus supply score, so if you’re a Buy and Hold investor, at a suburb level, is buying in a better location still the better option?
3. Would you be able to run through the process of buying a property? Could you run through a quick, step-by-step process of what happens when?

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