Gorilla404 replied to the topic Line Of Credit – split loan in the forum Finance 17 years, 2 months ago
L.A Aussie wrote:
I have the same loan as Terry.We have one account for the day-to-day use where all income (earned and rental) goes in. All expenses are paid out of this.The interest on the investment loan is also paid out of this account via automatic transfer every month.Marc, thanks for the writeup, this might be the solution i'm…[Read more]
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Gorilla404 replied to the topic Line Of Credit – split loan in the forum Finance 17 years, 2 months ago
Great advise all, Cheers!
Basically i'm looking to buy an IP with 20% cash down. 1-2 bedroom unit for 200 k. As soon as that purchase is completed I want to be able to use the equity towards a deposit on IP number two within the next 6 months or so (probably another 1 bed room unit..) I havent got exisiting equity to draw from and dont…[Read more]
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Basically i'm looking to buy an IP with 20% cash down. 1-2 bedroom unit for 200 k. As soon as that purchase is completed I want to be able to use the equity towards a deposit on IP number two within the next 6 months or so (probably another 1 bed room unit..) I havent got exisiting equity to draw from and dont…
