Recent content by Leilah

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    Changing from Interest and Principal Loans to Interest Only

    Thanks to you all for your advice. cheers Leilah
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    Changing from Interest and Principal Loans to Interest Only

    Hi All I have a question. In the past decade I was living overseas and thus wasn't that interested in getting tax deductions on my two negatively geared investment properties, given that I wasn't earning any other income in Australia. I have now returned to Australia and realised that...
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    A Loan Question: Maximising my Borrowing Power

    Aaron and Rolf Your advice has been really helpful, thank you so much. I guess I needed that guidance to know that I was heading in the wrong direction as I was getting all my advice from ANZ; a dumb idea given that they have vested interests. Anyway, I will find a good mortgage broker and...
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    A Loan Question: Maximising my Borrowing Power

    Hi All If I have two investment properties financed by the ANZ, I read somewhere that if I tried to draw down equity to purchase a third property (in this case, for a family home) and I got a loan from another bank for that third property, the second bank would lend less money than the first...
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    Investment Loan Question: Some Advice Please!

    Hi All I have a question about taxation and investment loans and would really appreciate some advice please: I currently have two loans for two investment properties. I want to use the equity on the two loans as the deposit to buy a family home. If I use the equity as the deposit from...
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    What's Your Day Job (if any)?

    I am a human rights lawyer/aid worker, managing a legal aid project in some camps in Sudan. Leilah
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    what job are you loving it ?

    I love my job. I am an aid worker/human rights lawyer, working in camps in Sudan. I manage a project with some 16 local staff. I live here with my husband and 8 month old daughter. Love my job, it is a challenge implementing a project of this nature in Sudan and living here. Even if I...
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    What age do you plan to retire?

    Hi Alex Thanks for your words of encouragement. I think that investing is pretty important, as I believe in having something to fall back on and plus I want all my kids (present and future) to be able to attend private schools like I did. It would also be great if they had something good...
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    What age do you plan to retire?

    Hi All I've been reading this thread with great interest. I am an Aussie aid worker/human rights lawyer, working in Sudan with refugees in camps, and live here with my husband and 8 month old baby. I love my job! I'm 35 and I don't ever plan to retire, not even when I turn 65! Don't want...
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    Advise Needed on How to Untie Properties That Are Cross-Securitised

    Hi Rixter That's helpful advice. I am going to get my mortgage broker to help me uncross them. I just did a calculation and realised that mortgage number two is at a LVR of 80.5% if I include the capital appreciation growth that it has experienced since I purchased it (hopefully, the bank...
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    Advise Needed on How to Untie Properties That Are Cross-Securitised

    Thanks Sailor for your comments. And thanks Richard, I will get a mortgage broker to sort it out (please refer to an email I sent to you today to your email address). cheers Leilah
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    Advise Needed on How to Untie Properties That Are Cross-Securitised

    Thanks, will do Marge. Does anyone else have any experience of having to deal with such a situation in their property path or have any other advice to add? cheers Leilah
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    Advise Needed on How to Untie Properties That Are Cross-Securitised

    Hi All I have two properties. The first one I bought for $365,000. A couple of years later I bought the second one for $325,000. At the time of the second purchase the bank used the first property as security for the second property, i.e. they are cross-securitised. I have since...
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    1million in Equity!

    Thanks Alex and Rixter. It is all much clearer now. cheers Leilah
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    1million in Equity!

    "For ease of calculation lets say we buy a property for $250k, so in 10 years its now worth $500k. Now lets say we do that each year for the next 7-10 years. Now you can quit the rat race. So in year 11 ( 10 years since your 1st Ip) you have 250K equity in IP1 you can draw out (up to 80%) Tax...
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