Forum Replies Created
Hi Richard,
Can you post the link to the source. I am more interested to look at the change for a couple with 2 kids
Steve
Another option
if you have more than one property both with 50%, then
Borrow upto 80% from property B and put it into Property A. Then sell property A and put all the money in your PPOR.
Why dont you try calling the other PM’s. I have a property in Orange and I get paid monthly. I had spoken to three before – Raywhite (current PM), Raine & Horne and dont remember the 3rd one. They all do monthly
S
If you are a Premiere customer you can open an account in any country including the US. Minimum business required to be a premiere customer with HSBC is $500k.
I am a user of the site and I love the features of the site. I paid just under $1000 for a 1 year subscription. Please go through the website for the features it offers rather than me telling you
Steve
I think Terry is right. You can take the IP IO from your offset account and not from your LOC. I agree there is cashflow benedits but this is also tax avoidance.
Another question on the same topic.
If I pay my council rates with my credit card e.g. $400 per quarter. Can I pay $400 from my LOC account or not. By doing this I can get interest free period of my credit card.Rgds
SteveI attended todays session. It was worth the money. I wish u were in Sydney since I did not use the free companion ticket. I guess there would someone similar to me in brisbane that does not have their partner accompanying for the seminar. The other option is to request Steve for a free ticket since you are a student. There is no harm in asking. The max. you would be declined.
Steve
Hi Carlin,
I am from sydney and was intending of using a buyers agent. I called 3 of them and found
1) He was pushing me to buy one of his property listed by his Wife Xenia
2) The worst – Pushing me to buy an interest in a not yet constructed townhouse
3) Waterman and Waterman – he seemed genuine. However, he said it would take sometime to get the property I was looking in my budget 350 to 450K. Which I think was fair. I decided to fly to Adelaide and bought one in christies beachI got the above 3 referrals by doing a search from this forum and somersoft
Regards
igreenOtto D
” So if you borrow on your home to buy an investment property then the portion of the debt on your home that was used for investment purposes should be tax deductible.”Is this true?
Regards
StephenThanks everyone for your piece of advice
HSBC – When I setup my loan for my PPOR, I created a PPOR loan with offset & Investment loan (split
My PPOR Loan is setup as P&I, whereas my Investment loan is setup as Interest Only. HSBC says they cannot convert my PPOR loan from P&I to IO only. Bummer.
I naively took the HSBC intro offer of 1.5% off for the first year. I guess there is a big break cost moving away from HSBC.
My IP 1 is with Newcastle Permanent this was because HSBC was offering 70% loan with cross collaterising. SInce Orange is a risky suburb. HSBC only likes the major cities. I realised while negotiating for IP1.
Based on the above comments, I will have to increase my LMI on IP1 to 90% to assist in financing IP2. The rest of the extra cash I will hold it in my PPOR offset account.
Regards
Steve
