strawberry replied to the topic Transferring equity to PPOR investment in the forum Creative Investing 16 years, 9 months ago
Got it.Thanks.
strawberry replied to the topic Transferring equity to PPOR investment in the forum Creative Investing 16 years, 9 months ago
Thanks Marc.So, there's no benefit (tax wise) in transferring equity, or using existing equity as a deposit? I probably need to spend some time with a loan broker to get my head around this aspect of borrowing (I think I may have oversimplified it).
strawberry replied to the topic Partner investing in the forum Finance 17 years, 9 months ago
Thanks Richard ..
So the unit trust (once set up) applies for the finance? Or do both partners apply for separate finance for their share in the property?strawberry replied to the topic First PPOR in the forum General Property 18 years, 10 months ago
Yeah – I was thinking that selling made the most sense. I wasn’t sure if there were some magic that I had overlooked.
Having an IP more or less positively geared (still claiming depreciation) is OK at the moment – as I’m in the 3rd year of a new business (so haven’t needed to negatively gear) – I’m hoping that will change in the coming year,…[Read more]
strawberry replied to the topic First PPOR in the forum General Property 18 years, 10 months ago
I’m currently renting in Sydney (Bondi Junction) – and of course paying exorbitant rent.
I don’t have a PPOR currently.
The rationale for living in the country is pretty much the incredible value comparison with Sydney (East), which is ridiculously expensive (unless you’re a merchant banker, Jamie Packer or an ex-premier – god knows how others…[Read more]
strawberry replied to the topic First PPOR in the forum No Subject 18 years, 10 months ago
Thanks Simon,
It’s definitely the long term option (PPOR).
Stupid question time:
Could you explain this with a little more detail“I would draw the IP loan up to provide a 20% deposit plus costs for the PPOR.”
I’m pretty ignorant of the vernacular, and this is where I get confused.
Sorry (o_+)
strawberry replied to the topic Land Subdivision in the forum No Subject 18 years, 10 months ago
Thanks Richard (very quick around here!),
The land package is more than he can afford – and I’ve suggested looking into sub-division to enable myself (and maybe one other to then invest, plus share the cost of the division) – so separate titles.
The land is 20 minutes out of town – so don’t believe there would be any planning issues (if that’s…[Read more]