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  • Profile photo of nico82nico82
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    @nico82
    Join Date: 2010
    Post Count: 8

    Cool, thanks again

    Profile photo of nico82nico82
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    @nico82
    Join Date: 2010
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    Oh ok…the penny has dropped! (i still might be wrong tho)

    So what i should be doing is focusing on paying the PPOR as there are no tax advantages to that debt, keep the ivestment as IO and over time (or when the PPOR is payed off) the rent will increase on the investment along with the value. I should then change the loan on the investment to PI and it should be easier to pay off! Is that what you mean????

    Profile photo of nico82nico82
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    @nico82
    Join Date: 2010
    Post Count: 8

    Thanks for you comments guys…its helps alot!!!

    One this that I would like to ask, i know it might be a silly questions but i cant get my head around it;

    OK, ive read alot on this forum about how people build equity in the PPOR and then leverage off that purchase another property and so on, but if you are only paying interest only on a loan, how will you eventually own that property. I guess the key is to wait for that property to increase in value and then sell. I guess what i would like to ask is, what would be the best approch if I wanted to keep the properties or how could i eventually own the properties and just have a stream of rental income coming in that goes straight to my pocket?

    Profile photo of nico82nico82
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    @nico82
    Join Date: 2010
    Post Count: 8
    Profile photo of nico82nico82
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    @nico82
    Join Date: 2010
    Post Count: 8

    Hi Terryw,

    Tanks for that information. Can I ask what you mean by a split for the Equity? im not sure wathis is?

    Profile photo of nico82nico82
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    @nico82
    Join Date: 2010
    Post Count: 8
    Profile photo of nico82nico82
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    @nico82
    Join Date: 2010
    Post Count: 8

    Forgot to mention…my current property is my PPOR

    and i have a joint income of 115,000

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