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  • Profile photo of uforiauforia
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    @uforia
    Join Date: 2004
    Post Count: 16
    February 17, 2009 - 11:49 pm

    Thanks, given loan was $400k now $375k and the house is potentially worth $440k now…is that equity of $65k? Or do banks generally value your house on the low side thus reducing this? Should I be trying to max out my equity for the 2nd loan to reduce LMI?

    Profile photo of uforiauforia
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    @uforia
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    Post Count: 16
    February 17, 2009 - 9:53 pm

    Just to clarify….$400k loan with $375k owing….house how worth $430k ($30k equity)

    Want to get a 2nd loan $400k for IP.

    What is the best way to go about this for tax etc? Do I refinance my home loan to get the equity out as deposit for 2nd loan? but this would need to be a separate loan to claim it on tax?

    Profile photo of uforiauforia
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    @uforia
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    May 1, 2005 - 1:39 am

    This is my first property, and within Sydney….therefor def negatively geared :P

    Profile photo of uforiauforia
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    @uforia
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    April 30, 2005 - 2:47 am

    Thanks guys, looks like i’ve been charged about 2.3%, which seems reasonable now….just got abit of a shock seeing $8800 at first … :)

    Profile photo of uforiauforia
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    @uforia
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    April 28, 2005 - 12:04 pm

    Rough figures? It does seem on the expensive side…with ANZ btw..

    Profile photo of uforiauforia
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    @uforia
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    April 28, 2005 - 11:11 am

    If i rent out one room for additional one year then move in soley without renting out, and plan to stay there say 5 years. I would only need to pay CGT on the period it was rented out 100% and a small percentage for when i was renting out one room? Sorry about all the questions just trying to get my head around it all and make sure i’m not missing anything important.

    Profile photo of uforiauforia
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    @uforia
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    April 28, 2005 - 10:36 am

    When you guys talk about CGT exepmtion, what do u mean? Considering I will be renting out my place 100% initally for 10months and then move in planning to possibly rent out one room while I live there….

    Profile photo of uforiauforia
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    @uforia
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    April 27, 2005 - 1:21 pm

    So if it’s a 2 bdr villa and 1 bdr is rented out, living/dining, kitchen and bathroom is shared…what would be the rough percentage i could claim on my interest repayment as a tax deduction?

    Profile photo of uforiauforia
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    @uforia
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    March 28, 2005 - 5:19 am

    Thanks for the replies. I think I’m after more of a beginners overall guide to real estate then a money/investment strategy book right now….How is The Property Investor’s Handbook by Graham J. Airey?

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