http://www.duckling.com.au

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Well if you are increasing your debt without increasing your overall net worth then you really need to have rising property values to justify such a strategy.

If you are paying interest on interest then I don’t believe that the tax office allows you to claim the second lot of interest as a deduction.

I am no taxation expert – perhaps someone else can contribute here.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

ING Direct is popular – is at call too.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Have you ever heard the question:

How does one man eat an elephant?

One bite at a time.

At your position looking ahead it seems quite daunting and unachievable. Set yourself a goal to buy your first property. It wont be as hard as it seems. Then armed with your new knowledge, experience and confidence you can buy your second. Before you know it you will have some equity and be thinking of the third….

Make sure you find a lender who will lend you the most according to your situation. Nthingis more frustrating than finding your lender wont come to the party for number three but others will. This is a brokers expertise is invaluable.

All the best,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

You should have little trouble getting a lender to use your company with you as guarantor – using your borrowing capacity.

I suggest you find a broker experienced in this area.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

That isn’t logical. Your debt is a fixed amount. If you pay off your home loan and leave the Ips as IO then the total debt doesn’t change – just the proportions.

Pay off the non deductible debt first.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Do some reading on the FHOG – there is some info on my website and links to your state’s websites. Do a search here as well. Plenty of posts already.

Basically you can use the FHOG for a property provided you ocupy it within the first 12 months and occupy it for a period of more than 6 months.

Your amount you can spend is limited only by your deposit and your income. Use a mortgage calculator or contact a broker to determine your capacity.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Are you absolutely sure that you need vendor finance?

Speak to a cluey broker and make sure you have exhausted all other forms of finance first and you may save yourself considerably!

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

That is certainly a popular strategy and there are a number of ways to structure finance to suit. I wouldn’t give any more advice without knowing you and your situation better.

All the best,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Tey wont accept it in the case of a Fulldoc unless you have full leases in place.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.