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  • Profile photo of marcustmarcust
    Member
    @marcust
    Join Date: 2009
    Post Count: 3
    December 9, 2009 - 7:48 pm

    Thanks Richard for your advice. Yes, I am employed. I have had a QS report created for my IP which I am waiting for end of financial year to claim deductions.

    I guess my next step is to find out how much I am able to borrow and go from there.

    Profile photo of marcustmarcust
    Member
    @marcust
    Join Date: 2009
    Post Count: 3
    December 5, 2009 - 11:54 pm

    Thanks Richard for your reply.

    When I purchased my IP, I took out a line of credit against my PPOR for a 20% deposit + costs. The bank manager told me that this avoids  cross-collaterisation. Is that correct?

    If was to contemplate a second IP, I was thinking that I would borrow against my PPOR again for a deposit. Would this be the best structure?

    ***I also assume that you are having your Tax coding adjusted each pay period to allow for the anticpated cash and non cash deductions to maximise your cash flow.***

    Nope….no idea what this means. Can you please explain?

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