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"Sell PPOR to buy Duplex (Live in 1, rent 1 out)"
"Re: Sell PPOR to buy Duplex (Live in 1, rent 1 out)" Reply: 1.1.1.1 From: Ian Findlay Sorry, but the blue text doesn't seem to have worked! Anyway I've emailed Julie privately off forum so the blue should be on this post! Ian- IanF
- Post #5
- Forum: WebBoard Property Investor Forum Archive
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"Sell PPOR to buy Duplex (Live in 1, rent 1 out)"
"Re: Sell PPOR to buy Duplex (Live in 1, rent 1 out)" Reply: 1.1.1 From: Ian Findlay Hi Julie, Comments in blue below. Thanks for your suggestion. So, if I understand correctly this would be our position. Convert PPOR to LOC (if valued at 600K) less $150K loan = 450K equity. Total...- IanF
- Post #4
- Forum: WebBoard Property Investor Forum Archive
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"Sell PPOR to buy Duplex (Live in 1, rent 1 out)"
"Re: Sell PPOR to buy Duplex (Live in 1, rent 1 out)" Reply: 1 From: Ian Findlay Instead of selling PPOR, why don't you convert it to a LOC (line of credit loan). Then with draw the excess equity ($450k $600-150) and use this as a substantial deposit on the duplex. Move into the duplex as...- IanF
- Post #2
- Forum: WebBoard Property Investor Forum Archive