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1. PPOR Loan - Only have $1000 left to pay so could withdraw $50K from this loan for Deposit and other costs. 2. Apply for Interest only loan for $180K Would i then get an offset account against the PPOR loan which would be $51K or the 2nd investment loan which would be the 180K ? I...

Mortza - If you could send me the details of the accountant would be appreciated.

Thankyou so much for the prompt replies, When i see it simply laid out like that it all makes perfect sense. 1. My PPOR loan was originally 90K in which i have like $1k owing, so i redraw $30k from that loan for deposit and other costs. 2. Apply for a Interest only loan for the 80% against...

Having issues working out how to approach the purchase of 1st investment property. PPOR: Own this home worth $400k (so have equity) Investment: Price of potential investment property is $200K with $240 a week rental return. I have $30k for a deposit ? Do i put down my 30K deposit and...

Rolf Are you aware of any webpages explaining the workings on the below Loan principals ? Just trying to get my head around it. With Thanks Damien

My Goal at the moment is somewhere to channel some funds now my PPOR is paid off , My original idea was to purchase and continue pumping funds into the loan along with the rental return and pay off the property in 8-10years to allow me then to have the rental returns as a bonus income...

1 . PPOR paid off with around $390K in equity. 2. Looking to purchase an Investment property for $220k @ currently rented at $260 a week. My questions are around the negative gearing , trying to get my head around the Pro`s of the Tax offsets when negative gearing such a property through...

Excellent thankyou for the prompt replies , Makes sense. Now for the Lending companies that offer an Offset account with the Interest only loans.

Witzl = Nice to see you here lol , Two cars have been sold in the past few weeks which has brighten the lights to port some cash into a property so i dont buy more cars. - All makes sense now altough why the Interest only loan and not the principal + interest , from my calculations there is...

Scenario: Single 29yrs old with $70K income - I own my own home in which i loaned $100,000 and have sinced repayed $95,000 of the loan amount. - Im looking to purchase a unit for $160,000 which will return me $190 a week rental ##Is the idea that i repay the unit loan amount off as...