headspin replied to the topic Refinance Investment Loan (unlock equity) to buy another Investment Property in the forum Help Needed! 11 years, 1 month ago
Hi PLC,
Thanks, yes this is what I have been hearing also..
So if I refinanced and took say $100K from Loan 1 (IP1) and used that as the deposit for Loan 2 (IP2) then any deductions for that $100K must be come from IP2. Therefore the net result for IP1 is the same.. no benefit. Its still just as geared (negatively or positively) as it was…[Read more]
-
headspin started the topic Refinance Investment Loan (unlock equity) to buy another Investment Property in the forum Help Needed! 11 years, 1 month ago
Hi all,
This is my first post, and any advice would be greatly appreciated.
Am I able refinance an investment property loan to gain access to the equity therein to purchase another investment property, resulting in two benefits:
a) using IP1’s equity as a deposit for IP2, and;
b) rendering IP1 back to a much more negatively geared property…[Read more]
Total Members: 159,194
