Recent content by neiliss

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    Own property with no mortgage, Live in another with a mortgage

    I think that the best thing is for me to bite the bullet and sell property A (the unencumbered tax unfriendly property). I will then put the funds into my current PPoR (mortgage offset) to reduce my monthly payments substantially which are even more tax unfriendly. I am currently negotiating...
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    Own property with no mortgage, Live in another with a mortgage

    Hi Les. I am in the process of purchasing another IP at this moment. How exactly will your strategy work as it does sound interesting. I am planning on getting a 100% loan on the new IP but of course I dont have to do this if I can use money from the other unencumbered IP. Appreciate the...
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    Peppers at Salt Village, Kingscliff

    Hi Rolf, the bank has offered 100% loan plus all costs on the property at 7.37% if i want it. I do have some security though so i guess that makes them feel good as well as another loan with them already so my establishment costs are nil. What do you think? I also need to find a good...
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    Own property with no mortgage, Live in another with a mortgage

    Just what I suspected. It was just bad luck that the original house that I purchased did not end up being the one that I decided to live in and therefore the mortgage is on the second property and not the first. I guess I will just have to get a tenant in place anyway and just report it as...
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    When can you get a tax refund

    Thanks everyone, I will look into getting this done ASAP so that I dont end up with cashflow problems. Any other advice on this will be appreciated as well. Regards Neil
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    Peppers at Salt Village, Kingscliff

    I am currently looking at purchasing in Peppers resort at Salt Village. My reasons are as follows: 1. Lifestyle investment, I plan on using it once or twice a month for 1 or 2 nights which is similar to my current use of a similar townhouse on the Gold Coast. 2. Pooled income which will...
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    When can you get a tax refund

    I am looking at purchasing an investment property that will stretch me financially . The monthly repayments on the mortgage will be very high compared to my salary and the property will be highly negatively geared. When can I submit tax returns for the negative geared property to claim back...
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    Own property with no mortgage, Live in another with a mortgage

    I fully own a property with no mortgage which I now want to rent out. I also have another property which I have moved into and have a substantial mortgage on. I want to pay off or at least reduce the mortgage on the new property as there are no seeming tax benefits on this property or mortgage...
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