Recent content by Brett IP

They sure are A month ago, the agent valued our house at a conservative $620 - $640k based on very similar sales in the area, the bank took $100k off that, so no <80% LVR refinance possible!

We did the entire thing, from Santa Monica Pier where the sign says it starts and right to the end, in Chicago. Our trip was mid July to mid August 2010. Then we travelled to Niagara Falls Canada side and down to watkins Glen race track to watch Nascar, on to New York and the surrounds...

Yes he would be able to do that, again that extra equity borrowed would be in just his name. Thats great for negative gearing, not for positive, until he is out of work ofcoarse. Sounds like good news regarding the stamp duty though. Your thinking is correct, and its all about your preferences...

BMan yes that would be the case if completely sold to a trust. Then ofcoarse you have Trust costs/obligations and higher stamp duty for the sale. I would be inclined to either sell it, or follow the trust route. $500k is a LOT of money to have sitting against an IP when you could be holding...

Good advice, something that I would look at. Do you have a LOC for the Investment properties so that all bills and maintenance can be paid from that, saving all other money for the PPOR loan? I can see the large "unclaimable" PPOR mortgage interest is eating at you.

If you have two houses, a PPOR and IP, and switch between the two a few times (i.e rent it out then move in then rent it out again etc) at which time you are obtaining an income for the one rented, can you still choose which one to assign Capital Gains tax to? So you had your first house...

We are in a similar situation, sorry to jump in on the thread. We are at 70% LVR and have approximately $50k of renovations to do. Fencing, Driveway, Kitchen. I dont want to use a cent of our cash as whatever we spend on the property in one hand using the LOC, will be in the offset...

Always straight to the point :D

Lizzie, good plan and glad it works for you. I must assume that the PPOR's that you buy need a bit more than a "little something done" to make you money out of it. After all, the costs to buy and sell (tens of thousands) these days, especially every few years, takes a nice slice of the cake...

Personal Loan with a better Interest Rate? Im sure you are already channelling all funds to the CC

The car loan may be for a Lamborghini :D

:confused: The opposite direction. So you sell your PPOR, rates drop and prices are stimulated so the new owner makes $30,000 within 2 - 3 months :D Sorry, had to say it

Your certainly a long term planner :D. As cu@thetop was asking, and out of curiosity, is the main reason for a prenup/protection due to the fact that it has been 7 years, you have managed a great accumulation of wealth, whereas your partner seemingly hasnt (in comparison to you)? After 7...

This one is perfect, and always happens. Applies to pens, pencils, staplers etc also (can tell im a pen pusher) Thanks for the laugh player

Is there any way you can increase your salary with a different employer?