Search results

Hi travelbug, "Your bank will lend you the start up costs etc BUT they will want your PPOR as security. So both the PPOR and the IP will be cross collaterised. Be careful here." in this case, what are the pros and cons here? cheers, Scott

hi, i think that the value of the PPOR is around 460k-500k. are you suggesting that bank in fact is ok the lend me say 40k to finance the inital startup cost? does that mean that i am getting an IP that is 110% financed by bank or sources other than my own $? cheers Scott

Hi, I currently have a PPOR loan of 300k offset account on PPOR of around 40k I have intend to purchase an IP. now here is the headache trying to min cost/max profit, tax return if i intend to use the spare say 40k from my offset account to jumpstart my first IP to pay off any stamp...