Hi folks,
I had a walk through valuation done on our PPOR for our first IP purchase.
The loan stucture will be PPOR, Equity Split and IP Mortgage (3 loan products).
Within 6 months I'm estimating we could secure another IP with not much more than value-adding on our new IP.
With all that in mind do I "release" as much equity from our PPOR into our split loan now or is it a matter of only taking what I need and getting the rest later? I think I know what the answer but thought I'd check in with the brainstrust.
Other things like, "how then is deductibility affected" is one other question I'm still looking at if say only half of my equity (in 1 loan product) is applied against the IP.
I had a walk through valuation done on our PPOR for our first IP purchase.
The loan stucture will be PPOR, Equity Split and IP Mortgage (3 loan products).
Within 6 months I'm estimating we could secure another IP with not much more than value-adding on our new IP.
With all that in mind do I "release" as much equity from our PPOR into our split loan now or is it a matter of only taking what I need and getting the rest later? I think I know what the answer but thought I'd check in with the brainstrust.
Other things like, "how then is deductibility affected" is one other question I'm still looking at if say only half of my equity (in 1 loan product) is applied against the IP.