Hi All,
Sorry to keep banging on about structures but I do believe it's one of the most important aspects to property and likely the biggest most get wrong.
So this question is regarding the best structure in the instance you own 1 single IP. This means no PPOR and no Split/LOC facility (we can explore those later).
So say I have a single IP, Loan IO, 200k with offset.
Would I be correct in saying all pay and rent goes into offset and all interest payments are deducted from offset along with all IP Expenses?
If so then I am guessing this is not the absolute best structure because you cannot claim the interest amount on the expenses because it's not borrowed money?
Sorry to keep banging on about structures but I do believe it's one of the most important aspects to property and likely the biggest most get wrong.
So this question is regarding the best structure in the instance you own 1 single IP. This means no PPOR and no Split/LOC facility (we can explore those later).
So say I have a single IP, Loan IO, 200k with offset.
Would I be correct in saying all pay and rent goes into offset and all interest payments are deducted from offset along with all IP Expenses?
If so then I am guessing this is not the absolute best structure because you cannot claim the interest amount on the expenses because it's not borrowed money?