Total Members: 159,074

benm

  • benm replied to the topic Deductability of Capitalised Interest in the forum Legal & Accounting 19 years, 3 months ago

    Thanks all for the replys.

    Sounds like no-one can decide whether or not capitalising is deductible.

    Personally, I do not see why you would even want to do this as the tax benefit is far less than paying the debt down!!!

    I was thinking of doing this to take a year off work and travel and/or spend more time finding good investments.

    I’m…[Read more]

  • benm replied to the topic Borrowing capacity in the forum Finance 19 years, 5 months ago

    I think I just understood what Mortgage Advisor is saying –

    Original Property owing $80k
    Worth $120k
    Equity is $40k
    BUT, you must keep 80% LVR on this property.

    Therefore 120*20% = 24k of equity you must keep in this property. So of you’re $40k equity, you can only use 40k – 24k = 16k

    If you want to skip LMI on your next property, then using…[Read more]

benm

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
159,074

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!