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  • Profile photo of LeeLee
    Participant
    @leeroybrown
    Join Date: 2015
    Post Count: 3
    August 20, 2015 - 11:59 pm

    Just had a very interesting conversation today regarding our situation.I was introduced to a strategy that I have never even seen or heard of.( I’m new to all this but have read a lot so no big surprise to all you guys)
    Strategy is to take out two investment loans 1 for the 20% deposit and costs securitised to our Home and a second mortgage for the 80% of the IP securitised to the IP ( so this is a no money down deal).
    So the idea was for me to keep smashing our home loan first and move on to the small 20% + costs loan and then onto the 80% loan?This strategy will be the most tax effective as 100% is borrowed and best of all no LMI.
    Then the fun begins.
    If anyone has any input to this strategy or better strategy I’m all ears

    Profile photo of LeeLee
    Participant
    @leeroybrown
    Join Date: 2015
    Post Count: 3
    August 11, 2015 - 9:35 pm

    Thank you very much Jacqui for your answers especially the second Q of mine I certainly need to research this a bit more with your input of advice.Q1my old Boy always said when I was a kid you will never get anywhere unless your in debt,which pretty much aligns with you can’t save your way to glory.Shame it has taken 40 years to realise
    Cheers
    Lee

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