Offset vs Redraw?

[Terry_w]

Thanks Terry,
How does this work on a refinance? Just say an IP went up in value and I could pull $100k out of it, do I put this money in my offset then pull it out again to pay down a non tax deductible debt like a PPOR. Can I then claim the interest of the $100k as it's secured to an IP?

Sorry if this is confusing, my brain hurt trying to type that.

Cheers.

Corey is right - not deductible as a priovate expense

 

[Tranquilo]

Terry W. You could point him to your - Loans: Structuring the Borrowings, Part 2 news letter. It explains really good. When I had to try and explain to wifey I made her read that to understand.

 

[Terry_w]

Thanks Tranquillo,

Loans: Structuring the Borrowings, Part 2
http://www.loan-experts.com.au/uncategorized/terryws-newsletter-3rd-edition/

 

[Tranquilo]

Thanks Tranquillo,

Loans: Structuring the Borrowings, Part 2
http://www.loan-experts.com.au/uncategorized/terryws-newsletter-3rd-edition/

No worries thanks for your time writing stuff like that