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  • Profile photo of tlgsydneytlgsydney
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    @tlgerdes
    Join Date: 2015
    Post Count: 7
    January 16, 2015 - 5:35 pm

    Thanks Richard

    Profile photo of tlgsydneytlgsydney
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    @tlgerdes
    Join Date: 2015
    Post Count: 7
    January 14, 2015 - 12:10 pm

    Sorry, I may be miss understanding the cross securities thing a little in this case. I thought using the first set of properties as part security (10% cash, 10% property security against existing) the 2nd IPs was “crossing”?

    This is just to avoid LMI.

    Profile photo of tlgsydneytlgsydney
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    @tlgerdes
    Join Date: 2015
    Post Count: 7
    January 14, 2015 - 10:39 am

    OK, undertand where you are now. That comes back to a choice of A, B, C from the first question.

    Do I buy 1 at 80% (+ve G) or 2 at 90% (-ve G)? Then 2nd question on 2 IPs, is do you pay LMI on 90% or cross it with other IPs to not pay LMI?

    Profile photo of tlgsydneytlgsydney
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    @tlgerdes
    Join Date: 2015
    Post Count: 7
    January 14, 2015 - 10:05 am

    Thanks again Richard.

    The new IPs would likely be -ve geared and offset against the +ve geared current IPs. As IPs become +ve we would look to expand portfolio and -ve something to offset any +ve. One goal, to have a self sustaining growth.

    Yes, trusts etc are something we are considering. Still waiting to meet with our acct to discuss. Current IPs are in my name only, carry over from internal sale to release equity.

    Profile photo of tlgsydneytlgsydney
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    @tlgerdes
    Join Date: 2015
    Post Count: 7
    January 14, 2015 - 9:25 am

    Thanks Richard.

    Our PPOR is effectively paid off 160k owing, 160k in offset. This is just a risk/opportunity/comfort decision. On top of this I have another 80k free.

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