Recent content by big unit

  1. B

    Structure of IP2 Loan

    Simple is good. Makes perfect sense. Thanks Andrew!
  2. B

    Structure of IP2 Loan

    Thanks. The loan is an investment loan not PPOR but still same principles I guess. Okay so the loan for IP2 will be the one loan inclusive of LMI and stamp duty. What I don't understand is if LMI is deductible over 5 years what happens after those 5 years. Is interest still deductible on...
  3. B

    Structure of IP2 Loan

    Hello, I'm looking at purchasing my second IP in the near future. I have a loan of 320k for IP1. IP1 currently valued approx 450k. I was looking at using the equity available as deposit for IP2. From what I can gather, my available equity will be 40k ? Am looking at IP2 approx value 280k...
  4. B

    Bank Valuation came under by 70k on Unit

    im interested in the outcome?
  5. B

    Equity and Tax

    Thanks for the quick reply. Okay the first part makes sense - don't do it. What I don't understand is the LOC side of it. Would it be better to get the LOC now whilst refinancing or should I wait until I am ready to use the equity (in which case the property should have gained value and more...
  6. B

    Equity and Tax

    Hi, This has probably been covered but am after some advice/information. Am currently refinancing my investment property and as a result have access to approx $50k in equity. In refinancing, my broker has suggested taking the $50k in cash and parking it in an offset account attached to...
Back
Top