Heath06 replied to the topic New investor – loan structure in the forum Finance 12 years, 7 months ago
Thanks Jamie!!I had an idea that was the case, I guess the question was more for confirmation purposes.G'day Richard, how are you?Yes mate, We have no real plans to move out just yet but will eventually turn the P&I to an I/O sometime down the track.Cheers guysHeath
Heath06 replied to the topic New investor – loan structure in the forum Finance 12 years, 7 months ago
Jamie, I agree with you on the structuring of the loans; however, I have a question for you myself. Should Franky set up an 100% offset account against PPOR?So the structure would look like this:1. Current loan against PPOR + 100% offset2. IO equity release against PPOR (used for deposit/costs on IP)3. IO loan for IPTaHeath
Heath06 replied to the topic On the right track? in the forum Help Needed! 12 years, 11 months ago
Jamie M wrote:
Hi IDV8Welcome to the forum. What you've described is quite common and can be a handy way to take advantage of Govt. concessions whilst kick starting your portfolio.From a finance perspective, if this property is going to become an investment then I'd consider a couple of things.Firstly, I wouldn't pour too much of your own money…[Read more]Heath06 replied to the topic P&I Repayments v IO Repayments in the forum Help Needed! 12 years, 11 months ago
Hi DavidIt depends on what your investment strategy is and also your current position. There is merit in both with the way the current market is at the moment.I guess most people tend to go an IO as the higher the interest the better it is for tax deductions.I personally have an IO set up with a 100% offset account for my IP. I like the flexi…[Read more]
Heath06 replied to the topic property seminars in the forum Heads Up! 21 years, 1 month ago
G’day,
try this link