GameTime replied to the topic Negative Gearing vs Paying Off FAST in the forum Help Needed! 13 years, 5 months ago
Thanks Jamie, that's a great Idea.I guess if i do decide to purchase a PPOR later down the track, i can use that offset from the 1st IP and have it negatively geared, which i otherwise wouldnt be able to do if i took out a new loan soley for a PPOR.
GameTime started the topic Negative Gearing vs Paying Off FAST in the forum Help Needed! 13 years, 5 months ago
Hi Guys,
I’m seriously considering an investment property but I’m a little unsure of a few aspects.
Primarily I’m unsure of negative gearing and the role it should play in my strategy.
I often hear a lot of people talking up negative gearing but frankly I don’t understand how it could be of any real benefit to me in regards to a strat…[Read more]GameTime replied to the topic Technical Analysis and Investing Tools in the forum Hi Jamie,i have sent you an 14 years, 2 months ago
Hi Jamie,i have sent you an email, i would love a copy of your IP analysis spreadsheet.thanks mate
GameTime replied to the topic Technical Analysis and Investing Tools in the forum bump 14 years, 2 months ago
bump
GameTime replied to the topic Loan Structure Help – Still Live With Parents in the forum Finance 14 years, 2 months ago
Thanks for your help Terry, its really appreciated.
GameTime replied to the topic Managed Fund vs Investment Property in the forum Help Needed! 14 years, 2 months ago
Thanks Terryw, that makes everything so much more clear. i really appreciate you taking the time to help me understand. Many thanks.
GameTime replied to the topic Managed Fund vs Investment Property in the forum Thanks Terryw, that makes 14 years, 2 months ago
Thanks Terryw, that makes everything so much more clear. i really appreciate you taking the time to help me understand. Many thanks.
GameTime replied to the topic Managed Fund vs Investment Property in the forum Help Needed! 14 years, 2 months ago
Terryw wrote:
The savings on a 100% offset account and IO loan will be the same as a PI loan. Providing you are not tempted to spend the cash.Thanks for your help and patience, im new to all of this.So once i use my entire savings for a deposit on an IP, each week when i get paid, i deposit as much as i can into the offset, and pay just the…[Read more]
GameTime replied to the topic Managed Fund vs Investment Property in the forum Terryw wrote:The savings on 14 years, 2 months ago
Terryw wrote:
The savings on a 100% offset account and IO loan will be the same as a PI loan. Providing you are not tempted to spend the cash.Thanks for your help and patience, im new to all of this.So once i use my entire savings for a deposit on an IP, each week when i get paid, i deposit as much as i can into the offset, and pay just the…[Read more]
GameTime replied to the topic Managed Fund vs Investment Property in the forum Help Needed! 14 years, 2 months ago
Terryw wrote:
But consider the tax consequences.The effect is interest on the full $300,000 is deductible. Saving you roughly $3,000 pa in tax.The saving on the overall loan itself and having it gear positive outweighs a tax saving of 3kpa though?
GameTime replied to the topic Managed Fund vs Investment Property in the forum Terryw wrote:But consider 14 years, 2 months ago
Terryw wrote:
But consider the tax consequences.The effect is interest on the full $300,000 is deductible. Saving you roughly $3,000 pa in tax.The saving on the overall loan itself and having it gear positive outweighs a tax saving of 3kpa though?
GameTime replied to the topic Managed Fund vs Investment Property in the forum Help Needed! 14 years, 2 months ago
Thanks for your help Terryw
GameTime replied to the topic Managed Fund vs Investment Property in the forum Help Needed! 14 years, 2 months ago
Thanks for your help Terryw
GameTime replied to the topic Managed Fund vs Investment Property in the forum Help Needed! 14 years, 2 months ago
JacM wrote:
Always IO loan with an offset account. Always pay the interest as required, and funnel extra money into the offset, which holds off the interest. Then you either leave the money in the offset to pay the property off one day, or pull it back out to use it as a deposit on another property.Im a little confused, Using any loan r…[Read more]
GameTime replied to the topic Managed Fund vs Investment Property in the forum Help Needed! 14 years, 2 months ago
JacM wrote:
Always IO loan with an offset account. Always pay the interest as required, and funnel extra money into the offset, which holds off the interest. Then you either leave the money in the offset to pay the property off one day, or pull it back out to use it as a deposit on another property.Im a little confused, Using any loan r…[Read more]
GameTime replied to the topic Managed Fund vs Investment Property in the forum Help Needed! 14 years, 2 months ago
Thanks Catalyst and LH for your help, i really appreciate it. I have a few other questionsThe scenario is i decide to go ahead with an IP worth $380k whilst working fulltime (50k gross) but still living at home with my parents with only minimal expenses.1- How much Deposit should i aim for?2- Would an IO loan be best or should i try and reduce…[Read more]
GameTime replied to the topic Managed Fund vs Investment Property in the forum Help Needed! 14 years, 2 months ago
Thanks Catalyst and LH for your help, i really appreciate it. I have a few other questionsThe scenario is i decide to go ahead with an IP worth $380k whilst working fulltime (50k gross) but still living at home with my parents with only minimal expenses.1- How much Deposit should i aim for?2- Would an IO loan be best or should i try and reduce…[Read more]
GameTime replied to the topic Managed Fund vs Investment Property in the forum Help Needed! 14 years, 2 months ago
Thanks for your response Catalyst,The only thing is you have calculated the Managed Fund incorrectly.Interest paid monthly on a 60k account over 15 years works out to be $132,000 assuming i don't make any contributions to the fund at all.You have also assumed that housing prices will double in 10 years.if the property market is flat or only…[Read more]
GameTime replied to the topic Managed Fund vs Investment Property in the forum Help Needed! 14 years, 2 months ago
Thanks for your response Catalyst,The only thing is you have calculated the Managed Fund incorrectly.Interest paid monthly on a 60k account over 15 years works out to be $132,000 assuming i don't make any contributions to the fund at all.You have also assumed that housing prices will double in 10 years.if the property market is flat or only…[Read more]
GameTime replied to the topic Managed Fund vs Investment Property in the forum Help Needed! 14 years, 2 months ago
bump
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