Hi Benny

Thanks for your feedback!

Hi Benny and Terry

My goal is to buy a PPOR and aim at a strategy I can have all my saving in PPOR and all IPs at 100% loan for max tax deductibility.

I think the method Terry outlined is very powerful and it is even more powerful when combined with debt recycling.

Thanks a lot

Thanks Terry. But now I am lost how is it possible to refinance loan into loan 1?

For the first 2 seconds I thought your reply was a joke. But then I realised this is a brilliant idea!

Thanks Terry!

I thought borrowing 104% is not possible. Or it is possible if I use 20% use a security for the loan without triggering LMI?

Thanks guys. I have corrected. I am wondering if there are better ways than debt recycling to overcome this issue?

waydo77 wrote:
5.2% yield after body corp is taken away from rent, sounds pretty ordinary for a unit, depends where it is i suppose

Its loction is very good. There are 10 units in the complex. Maybe I shall have the hope with persuade other owners to get cheaper body corp?

@6% interest rate, 25 per week can cover a 22k loan. I am just a…[Read more]

RyanJD wrote:
You need to compare the rentals in the complex and in the suburb to the unit your looking at. Will the rent be the same? Is the rental demand high or will it be vacant for a while?Most body corporate fees are tax deductable but I don't belive sink fund fees are from what I've read.Have you had someone looks at the strata paperwork…[Read more]

Glad to hear Homeside is the cheapest one! I am having a loan from Homeside!

Do not use Topgun. Thats my advice

Thanks TerrywWill remind myself searching the forum first before asking next time!  Cheers!

Hi Mr501Thank you for your kind help.I am wondering if you are an accountant and willing to take a new client? If so, could you PM me your details?Regards

Thanks for your reply.If I get some improvement or repair work done now and ask tradies to have the invoice date after my PPOR becomes an IP, is it legal?

HI Mr5o1 Thanks for your reply.I guess it is better to do any improvements or maintenance after it becomes an IP.Q3. How do I notify ATO my PPOR becomes a rental? Can I still have all my mails sent to that address? I mean, it will be rental but it is still my PPOR so I do not get CGT. A little confused about evidences.I guess I really need to talk…[Read more]

Hi GuysThank you very much for your help.I assume stuff I bought years can still be depned if I employ a`quantity surveyor.