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  • Profile photo of hippohippo
    Member
    @hippo
    Join Date: 2004
    Post Count: 5
    January 21, 2005 - 12:48 am

    Thanks everyone for your response.

    I now have a better understanding of loan structure and will be more careful when choosing the lender.

    I am in the process of getting the loan spilt into 2, both will still be classed as investment home loans, however the $40K will now be P & I, whilst the remainder will be I only.

    Thanks again.

    Cheers : )

    Profile photo of hippohippo
    Member
    @hippo
    Join Date: 2004
    Post Count: 5
    January 16, 2005 - 6:00 am

    Thanks..
    from reading the “More wealth from residential property” By Jan Sommers, it states that it was imperative that the loans are separate…I was getting a bit concerned!

    Just curious, how would the interest charged get spilt for the tax claim?

    Cheers

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