Chris replied to the topic Leveraging Investment property to purchase first home in the forum Help Needed! 11 years ago
Richard, I am wanting to get ahead rather than tie up a large some of debt and mortgage repayments in a PPOR. I am open to alternatives.
Thanks Andrew. That was the original plan. I got a bit confused with a few people mentioning other alternatives.
Chris
Chris replied to the topic Leveraging Investment property to purchase first home in the forum Help Needed! 11 years ago
Thanks Jamie. That really clears things up for me.
Cheers,
ChrisChris replied to the topic Leveraging Investment property to purchase first home in the forum Help Needed! 11 years ago
Thank you greatly Benny and Jamie for the quick and detailed responses.
Benny, I read the posts you recommended and now feel I have a better understanding of the benefits of I/O loans and offset accounts. Thanks!
Jamie, you have reinforced my concern that the few extra dollars I may earn from a positive cashflow IP using an I/O loan isn’t going…[Read more]
Chris started the topic Leveraging Investment property to purchase first home in the forum Help Needed! 11 years ago
Hi,
I am looking at purchasing an investment property to save for our first home.
I am getting confused with regard to the appropriate strategy to adopt given my circumstances.
I am engaged, with no debt and presently renting. I earn $120k and my fiancé earns $80k
I have been looking into cash flow positive properties under a interest only loan…[Read more]Chris became a registered member 11 years ago
