ppor

Hi SS Gurus, I seek your suggestions on how to structure the mortgage/mortgages on my situation for the best finance and tax outcome. Actual scenario: PPOR - unit with value around 275K , paid in full , no mortgages bought an off the plan apartment for 540k (deposit 54k) , I plan to...

Hi guys We have a IP that is currently valued approx 80k below what we paid (dont bother, long story). Anyways, given that it may never produce any CG, should I have the repayments as p & I or should I move to interest only and focus on reducing some other personal loans in the hope that...

Hi Everyone, We've recently purchased a new PPOR. Were deciding on a floorplan for the house before we look at going to builders/renos. I've attached a copy of the 'original' floorplan plus the 'proposed' floorplan I've come up with. Some notes: -Plan to add a third bedroom -Split the...

Hi guys, We are thinking of moving to the sunny coast and we are starting to look at different areas. We spent a couple days up there and really liked the vibe, but it's not quite enough to know which areas are best and which to avoid. We want to stay clear of the bogans and are looking for...

Hi all, Keen follower of SS, first post! Quick description of our situation. Have a PPOR apartment in Sydney which we bought in '09. Rented it out for 2 years whilst we were overseas but back living in it. Have built up some equity and refinanced recently in order to begin a property...

In such a flaming hot market in sydney, how does one do their due diligence (pest and structural inspection) when purchasing a place. Properties get snapped within one inspection opening.. Literally one days time... Is there anyone out here on somersoft who doesnt do inspection? Has this...

Hi Wondering if anyone has experienced this or knows how to tackle it. I bought a house in Aug 2005 already rented and moved in 12 months later after I gave the tenants notice. I then lived there from Aug 2006 until I sold it in April 2013. When I moved in within 12 months of purchasing it, I...

Hi all and happy new year!!! I've been thinking about posting this post for the past two months, so I have finally got off my *** to do so. My issue is this, I have had this place since mid last year and was thinking of either selling it after 12 months or renting it out after 12 months...

Hiya folks newbie here. Was reading a lot of stuff on here and the verdict is in - Somersoft rocks! My wife and I want to buy a PPOR then use the equity to fund an IP as ya do. However just recently I have been approached to go JV in an 8 pack of units 50/50 type deal. The figures add up...

Hi all, I bought my first place in November last year in QLD and claimed the transfer duty exemption. In September this year I'll be going overseas for a few months and would like to rent out the place. Cognisant of the requirement to live in the place for 12 months after claiming the...

After living in a house my entire life with my folks, I will be in the coming weeks moving to my new 2 bed unit in a complex of 3 blocks. My block is 14 stories while the other is 17 stories followed by the third which is only 3 story walk up. I bought a corner lot as I see that as the selling...

I?ve been browsing the past posts on Canberra and I thought it was time to post our situation. We?re looking to buy our first home as a PPOR with a view to future IP in Canberra. My OH currently works in Barton and rents in Kingston. He has been in Canberra just over 12 months. I?m currently...

Hi All, My foray into resi investing has got off to a good start,tenant defaulted after the 1st month and then after some prompting from the agent,tenant pays 2weeks rent and promises to come in next week and pay a months rent. Suffice to say,it didn't eventuate.Agent told me i...

My wife and I sold or PPOR last year and are currently renting whilst searching for a new PPOR. We have 2 young kids, and earn a combined income of 137K a year, and have 230K in savings. I really want to get into building/property development. I am currently a qualified plumber and will soon...

Hi, My wife and I are looking at purchasing a property, initially as an investment and further down the track as a principal place of residence. Does the bank have different lending criteria for investment loans and PPOR loans? Or does it purely depend on the figure that you are asking for...

Hi all, After purchasing my first property (IP) two years ago, I have just purchased my second property (PPOR). The past 2 years I have had an offset account linked to my IP loan which is interest only. My question is, now that I will have an IP and a PPOR which loan should I link the offset...

Hi, I'm trying to buy my first property and use it as PPoR, my idea is, in a few years down the track to rent it out as an IP. My wife doesn't work for the time being therefore receives no income. Can anyone please advise if the property should be put under joint names or just me? My solicitor...

I'm a bit naive when it comes to finance/tax matters so I thought I'd run this past more knowledgeable people for any comments. Soon will be retrenched. I'm around 60. Good payout and already fair amount in Industry super fund. Will have a (taxed) pension, so will have a strong cash flow...

Hi all, I have been considering getting a foothold in the Geelong West market. I am looking at a 3br House PPOR that I can rent out rooms, gain first home owners grant, with the potential to completely lease out for some time while I address the principal. I believe Geelong West offers the...

Hi all, I have a question regarding re-financing. Currently I have PPOR valued around 500,000 and owe about 250,000 and a IP valued around 600,000 and owing around 395,000 (on interest only loan). My question is there any way I can re-finance so that I can increase LVR on IP and use that money...