Forum Replies Created

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of mattyk_75mattyk_75
    Member
    @mattyk_75
    Join Date: 2009
    Post Count: 3
    October 6, 2009 - 11:45 pm

    Thanks all for your responses. More food for thought.

    Profile photo of mattyk_75mattyk_75
    Member
    @mattyk_75
    Join Date: 2009
    Post Count: 3
    October 6, 2009 - 4:25 am

    Hi Richard,

    Thanks. There's heaps of information on here which is absolutely gold for someone starting out.

    I'm with One Direct (ANZ off shoot).

    So in effect I'd have 3 different loans? 1. Std P&I (with offset) for PPOR, 2. Other Equity Manager for deposit and costs & 3. IP loan (equity manager)? Have I read that right?

    If the above is right, is the interest on the 2nd loan tax deductible? (I realise your information is general and I'd need to check but I just want to get my head around this.

    One Direct's minimum loan amount is $100K so it looks like I'd have to refinance elsewhere where they have a lower min loan amount. That's not all that bad as I had the property valued back in June ($330K) and they won't do another valuation until Jan/Feb at the earliest. Seriously contemplating breaking the fixed loan at the moment to maybe start investing earlier.

    Has anyone done the RESULTS program of recent times and can give feedback on suitability for brand new investor?

Viewing 2 posts - 1 through 2 (of 2 total)