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  • Profile photo of jjnshelljjnshell
    Member
    @jjnshell
    Join Date: 2004
    Post Count: 3
    November 23, 2004 - 2:04 am

    Why not just draw down on each of the IP mortgages (especially the positive one) and place those funds into you PPR loan? No CGT, No Agents but you reduce your non deductable interest at the same time as keeping the assets.

    JJ

    Profile photo of jjnshelljjnshell
    Member
    @jjnshell
    Join Date: 2004
    Post Count: 3
    November 21, 2004 - 1:23 pm

    Thanks for the link.
    Our version of events is faily similar. Had major dramas securing a SS number. Acutally called and ITIN for foreigners. Took about 4 months!! and substantially delayed settlement as it is required for the deed to be processed.
    That said, 30% gross yields are available but you do need to go and get your hands dirty as quibbles stated in his post.

    His is an excellent recount though. Thanks for the link

    jjnshell

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