Some finance questions from my looooong list I thought I might as well start asking the good folk of PC So here we go... I thought it was possible to claim depreciation on any property regardless of age (as long as there was something left to claim of course) but recently read a book where the author was adamant that if you buy a house built pre 20 Sept '85 you cant claim any depr and said to only buy houses built after then, how true is this? Read in Rob Balanda's book that there's usually a clause for equity loans that allows the bank to reval at any time? If so, can it be rejected? Is it possible for a seller to have a 95% loan on an IP and once I give a 10% deposit, the balance of 90% is insufficient to pay out sellers mortgage on settlement? Possible to use peer to peer lending (or any one else) to get cash for a reno and pay it back from the equity gained? How easily can equity be split for investment and personal use? If I have $100k equity is it as simple as telling the bank I want $40k for a deposit and $40k for whatever I want? I've read about a 6% loan product where you pay 3% and the other 3% is capitalized into the mortgage. What are the risks for doing this? Has anybody done this? Is it best to withdraw fully equity and put it in the offset? To get 50% CGT discount, can I delay settlement for 9months and then reno for 3months or does it only become mine and the discount start date begin upon settlement? Listening to the Property Couch podcast and Ben mentioned "IO quasi LOC", what is this? What does it mean when a Mortgage Broker has "Diamond Status"? Can they generally get better rates? If someone tries to sue me and I'm the trustee, can I sack myself or the company and fully remove the link to access the assets or does it just make it that bit harder but still accessible? Thanks in advance!