Hi,
I own shares outright worth 80k.
My Ppor mortgage is 180k on a house worth 1.2M
I have 2 investment properties worth about 900k and mortgages of about 850k.
I am paying off my ppor mortgage by extra payments and channelling all rental income into it.
The investment mortgages are capitising the interest until the home loan is paid off..
Question for the Forum:
should I sell the shares and reduce my ppor mortgage, then do a limit switch into my investment mortgage and rebuy a package of shares,thus swapping the debt from personal to investment , ie tax deductible debt ?
What would you do in my circumstances ?
My goal is to pay off the ppor, but I am not sure what to do after that. I do want to build a passive income so that I may have choice about work in about 5 years, but at moment this will depend on a significant capital growth in order to reduce the investment debt..
thanks to this forum for great information.
I own shares outright worth 80k.
My Ppor mortgage is 180k on a house worth 1.2M
I have 2 investment properties worth about 900k and mortgages of about 850k.
I am paying off my ppor mortgage by extra payments and channelling all rental income into it.
The investment mortgages are capitising the interest until the home loan is paid off..
Question for the Forum:
should I sell the shares and reduce my ppor mortgage, then do a limit switch into my investment mortgage and rebuy a package of shares,thus swapping the debt from personal to investment , ie tax deductible debt ?
What would you do in my circumstances ?
My goal is to pay off the ppor, but I am not sure what to do after that. I do want to build a passive income so that I may have choice about work in about 5 years, but at moment this will depend on a significant capital growth in order to reduce the investment debt..
thanks to this forum for great information.