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  • Profile photo of snoopdadsnoopdad
    Member
    @snoopdad
    Join Date: 2011
    Post Count: 3
    January 5, 2011 - 9:39 am

    Hi All

    We don' have any cash, I don't want to live in her house and she doesn't want to live in mine, that's why we rent at the moment.
    We want to start our live together a fresh.  It doesn't make sense to borrow money for a PPOR  when we have equity in our previous PPOR's. that are now rented.  What we want to do is restructure our assets so that our PPOR will be debt free and our investments properties are geared.  
    cheers Phil.

    Profile photo of snoopdadsnoopdad
    Member
    @snoopdad
    Join Date: 2011
    Post Count: 3
    January 5, 2011 - 8:58 am

    Thanks for the response Matt

    Just to clarify a few points.
    I owe very little on my house that i rent out currently as it was my Former home.
    If i borrow against this and buy a place to life in it won't be tax deductible as you say.
    she is also in the same position.

    But what if?

    I sell this house to my defacto spouse, she borrows 95% purchase price.  She can then negative gear this property and maximize tax deductions. She would then sell her house to me the same way I would get LVR 95% also. 
    We then have money in the bank to buy a home to live in.

    cheers Phil….

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