See above, you've just increased the loan size of the investment property. Will the new large loan size be 100% tax deductible?
I would like two offset account but apparently only one is free under the break free package from ANZ.
How do you "borrow" to invest in small transaction such as shares? Do you draw it down from loan 2? There's no point putting it in offset 1 if it exceeds 200k as it would be offsetting anything.
You said:
This loan should be split into smaller portions to allow easy segregation. Share...
Terry, if I structure it as above, with one offset account, it would offset Loan 1 right? As for excess funds above $200,000, where would that need to be placed?
Hey guys, I currently donate Kiva and I'm loving it. How much do you guys contribute to Kiva? I think this is a better mechanism to donate than say paying a sales person on the street.
https://www.dropbox.com/s/odqcbl8et8n1i9o/kiva.PNG?dl=0
71% females? Common guys...
Hi,
I'm looking for advice regarding the best way to structure my loans. For example:
Loan 1: $200k against PPOR, with a valuation of $1 mil
Loan 2: $600k against Investment property with a valuation of $1 mil.
Bank agrees to refinance up to 80% of the combined properties, so new loan size...
Anyone else confused with how demolishing and constructing a garage will improve his tax situation? I hope someone is going to live =-)
Focus on making more money and paying more tax =-)
As an relatively small investor with a small capital base, I'm sitting on the sideline for now. Happy to hoard cash/equity until a better opportunity presents itself. If not, that's fine, there's always shares.