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    Not All Valuations are Equal

    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!
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    Anyone done Route 66?

    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...
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    Convert PPOR to IP - husband buys wife out

    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...
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    Convert PPOR to IP - husband buys wife out

    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...
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    You should NEVER sell!.....or should I??

    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.
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    Capital Gains Tax for PPOR

    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...
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    Basic q'n - Finance for IP + renovate

    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...
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    Why live in a PPOR?

    Always straight to the point :D
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    Why live in a PPOR?

    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...
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    Credit Card is killing me

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

    The car loan may be for a Lamborghini :D
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    cup day rate cut

    :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
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    Asset protection

    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...
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    Laws

    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
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    what business?

    Is there any way you can increase your salary with a different employer?
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    Have to sell..which one though?

    I agree with this
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    Have to sell..which one though?

    Your not alone there
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    loosing interest - how long?

    People down the road tried to sell 2 years ago. Didnt sell after 6 months. Now in the current climate they are trying to sell for MORE with a different agent (it was overpriced from the start). No wonder it has been 8 months and no sale. Some people are persistent/hopeful/dreaming
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    Selling an IP to pay down PPOR

    Well yeah, a sale has consideration (money transferred) which is the whole purpose, to be able to deduct this new loan.
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    Selling an IP to pay down PPOR

    "Love and affection" is permitted but it isnt recognised as a sale, it is the reasoning for a gift of ..% to a spouse.
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