Hi
I am after some finance statagies to upgrade our PPOR . Currently we have a few IP's in different states for five or so years.
Without selling our IP's to release the equity we would have to get a loan (Bad Debt) which we don't currently have at all (its all good debt) to purchase our new PPOR.
The rents have all gone up which has made our IP's self sufficent (just).
We have out grown our PPOR and need to upgrade . How can we do this without selling any IP's and not incurring any bad debt?
We have a discretionary trust set up but no IP's in it yet .I thought of selling to the trust but Im not sure how this would work. All Ip's are in single names (mine).
Any help would be appreciated
Thanks
I am after some finance statagies to upgrade our PPOR . Currently we have a few IP's in different states for five or so years.
Without selling our IP's to release the equity we would have to get a loan (Bad Debt) which we don't currently have at all (its all good debt) to purchase our new PPOR.
The rents have all gone up which has made our IP's self sufficent (just).
We have out grown our PPOR and need to upgrade . How can we do this without selling any IP's and not incurring any bad debt?
We have a discretionary trust set up but no IP's in it yet .I thought of selling to the trust but Im not sure how this would work. All Ip's are in single names (mine).
Any help would be appreciated
Thanks