1. PPOR Loan - Only have $1000 left to pay so could withdraw $50K from this loan for Deposit and other costs.
2. Apply for Interest only loan for $180K
Would i then get an offset account against the PPOR loan which would be $51K or the 2nd investment loan which would be the 180K ? I...
Thankyou so much for the prompt replies, When i see it simply laid out like that it all makes perfect sense.
1. My PPOR loan was originally 90K in which i have like $1k owing, so i redraw $30k from that loan for deposit and other costs.
2. Apply for a Interest only loan for the 80% against...
Having issues working out how to approach the purchase of 1st investment property.
PPOR: Own this home worth $400k (so have equity)
Investment: Price of potential investment property is $200K with $240 a week rental return.
I have $30k for a deposit ? Do i put down my 30K deposit and...
My Goal at the moment is somewhere to channel some funds now my PPOR is paid off , My original idea was to purchase and continue pumping funds into the loan along with the rental return and pay off the property in 8-10years to allow me then to have the rental returns as a bonus income...
1 . PPOR paid off with around $390K in equity.
2. Looking to purchase an Investment property for $220k @ currently rented at $260 a week.
My questions are around the negative gearing , trying to get my head around the Pro`s of the Tax offsets when negative gearing such a property through...
Witzl = Nice to see you here lol , Two cars have been sold in the past few weeks which has brighten the lights to port some cash into a property so i dont buy more cars.
- All makes sense now altough why the Interest only loan and not the principal + interest , from my calculations there is...
Scenario: Single 29yrs old with $70K income
- I own my own home in which i loaned $100,000 and have sinced repayed $95,000 of the loan amount.
- Im looking to purchase a unit for $160,000 which will return me $190 a week rental
##Is the idea that i repay the unit loan amount off as...