Thanks Terry,

I think I may just scrape in without her income but a good option if we need it thanks. I’m just trying to be creative,min thinking maybe she should develop her own portfolio unaffected by my PPOR. I was hoping I could do something clever like somehow split her income and add it to mine through renting to her or income split tax…[Read more]

Thanks PHP,
that’s a forum worthy answer, you sound like someone who knows what they’re talking about now. Some great ideas there.

Thanks terry for being the most helpful.

Any info links on where to find a debt recycling stratergy?

And what you described with IP offset is pretty much what I had in mind, just redraw on that when I need.

I guess I’m wondering mostly what I can do with my partner in a clever way to use her income in some way.

Thanks.

Michael,

Thanks, but also no thanks. My question is not should I get a PPOR my question is how to get one and reduce its impact. I. Not going to go into why, I’m not inexperienced with renting, I have been renting for about 18 years.

So, now that we understand I’m buying PPOR, good that you have worked out your strategy it is of course better…[Read more]

Thanks PHP,
But I don’t think you’re listening to the whole question and focusing on just one part.

Increasing my income stream? Yes, no kidding? This is what I’m talking about. Do YOU have a creative idea?

Forget the finance, how can I reduce the impact of taking on a PPOR mortgage?

Terry,
Say that again, property in my name but we can both be borrowers? Will that help for future loans or make little difference as I’m still 100% accountable for the loan?

Hello PHP,

Thanks for your fast post. I suppose I didn’t write that so well and a bit vague. You are right and I will write to mine now, but it’s more the other questions I’m interested in. How to beat that mortgage problem when we buy our house.

For the sake of example, say I bought a $550,000 home with 5% down and LMI.

What clever ways can…[Read more]