Terry
My question is
How would ato know what Adam used the money for
When we borrow money from the bank for a property as a PPOR, ato really don’t care what we do with the money(I assume?)
So, my imagination is… Before Adam buy his new PPOR, refinance first and make is owing bigger…
Can this work?

Hi, guys
I read all the questions and answer
And I have a maybe silly question
For tax purpose
Can Adam refinance his current PPOR and make the loan look bigger

315k*80%=252k or even more… Then Adam will have cash in hand to buy his new PPOR
And from that time Adam starting to use his old PPOR as new IP
So the 2 loans are very clear and also…[Read more]

Hi, Tom Thank you for your reply The reason I'm thinking about taking out 100k was in case I see something a bit over 300k My question now is If I take out say 60k against my PPOR and start looking for an IP I find something around 350(including legal) I will then need 70k from my PPOR to avoid paying LMI Is that fair to say if I take out more…[Read more]

Hi, Derek
great opinion…. breaking things into small… that's what I need to learn 

you guys are so helpful…. Thank you

HI, Derek
Of course you knew I was kidding
hahaha….. 

and thank you for the advice for the ownership…. I was actually thinking also need to consider capital gain as well…. 
Am I too ambitious? 

Quote :

 If you truly believe you can achieve your goal then you should give serious consideration to setting up some form of trust structure so…[Read more]

Thanks, Terry
How much LOC would I be able to take out generally speaking?
if i plan to apply for 100K, would i be be paying LMI even I don't use it?
you are saying by getting LOC on my PPOR ,and leave the IP loan stand alone… 
am i right by :
when I spot a property, I use my LOC to put down the deposit 
use the pre-approved loan for my IP
and…[Read more]

Thanks Jamie
What other factors would i need when considering the structure?
yes, we are hoping to get to 100 property in 3 years…(quote from Steve)

Repost it again… Sorry something went wrong

Hi, everyone
We are seriously thinking of doing property investment
I have done some study but never seem to be enough
I wonder if anyone would help me and point out what you would do different if you were me
Thank you

My current situation
Income: husband. 120K/year (approx)
Wife(me) 0 (could be…[Read more]

Thanks Qlds007
You have been so helpful

Thanks James Bond (QLD007) for the warm welcome
Your answer gave me a new question, what is the difference to secure with ppor or ip?
As far as I know, whatever I borrow for ip from my ppor is also seen as the buying cost
So why is it better to use ip rather than use some from ppor to save LMI ?
Sorry if I sound stupid cos I’m really new
Thank you

Thanks Jamie
I’m so happy to hear that…

At the same time, if anyone could advice me use 2nd mortgage and just pay top up for LMI are better or pay LMI on the investment property itself is better.
Will they be different from tax aspect?