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    Rectifying the classic newbie mistake: using cash for IP deposits

    Thanks everyone for the replies. My non-deductible debt (when I move into the PPOR upgrade) is $1m+... You're probably right, wylie. I'm going to crunch some numbers on selling the IP that I bought for $195k for $295k. I've estimated costs of: Selling costs $6.5k Legals $1.5k CGT...
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    Rectifying the classic newbie mistake: using cash for IP deposits

    Yes, they have all increased in value about 25% to 50%. But I'll never be able to fix the tax deductibility of the original cash deposit (20%). By refinancing and buying another investment property, the equity release would be tax deductible, and so would the original loan, but I've messed up...
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    Rectifying the classic newbie mistake: using cash for IP deposits

    Just planning ahead is all :D
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    Rectifying the classic newbie mistake: using cash for IP deposits

    Hi all, For my first 3 IPs I did the typical newbie mistake of putting in cash for the 20% deposits. I now understand what I should have done instead - and apart from using a time machine, there's no way to change what has been done already. Lately I've been toying with the idea of...
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