Hi,
I'm about to purchase my first investment property and was wondering whether someone can tell me what the best way to structure my loan would be. I have an existing standard loan on my PPOR, but am open to the idea of restructuring that to assist with my investments.
Someone mentioned the best way was as follows:
* each investment property has a separate LOC account
* 20% deposit for each IP is in a separate LOC secured against my PPOR
=> ensure they are not "cross collateralised"
Any advice is much appreciated.
Cheers,
Simon
I'm about to purchase my first investment property and was wondering whether someone can tell me what the best way to structure my loan would be. I have an existing standard loan on my PPOR, but am open to the idea of restructuring that to assist with my investments.
Someone mentioned the best way was as follows:
* each investment property has a separate LOC account
* 20% deposit for each IP is in a separate LOC secured against my PPOR
=> ensure they are not "cross collateralised"
Any advice is much appreciated.
Cheers,
Simon