Vick replied to the topic Help with maximising tax in the forum Help Needed! 7 years, 2 months ago
Thanks Benny for your advise and apologies I thought my earlier question was in someway different since I wasn’t asking for re-structuring of existing loan with existing bank. Anyways, thanks for your current detailed advise. I will see what I can do.
Vick replied to the topic Help with maximising tax in the forum Help Needed! 7 years, 2 months ago
Terry – Thanks for pointing me to the incorrect heading. It was an oversight. Naturally, it should have said minimizing tax which the body of my message should. Thanks again.
Vick replied to the topic Help with maximising tax in the forum Help Needed! 7 years, 2 months ago
Terry – Thanks for pointing me to the incorrect heading. It was an oversight.
Vick started the topic Help with maximising tax in the forum Help Needed! 7 years, 2 months ago
Hi
Wondering if someone can provide advise.
I am in a situation where I have 2 properties:
– One investment (apprx. 550K) with Bank A
– One PPOR (apprx. 300K) with Bank B
I will be moving to the investment property next year which will become my future PPOR. My current PPOR with low loan will be investment.
Both my loans are with different…[Read more]
Vick replied to the topic Asdvise re PPOR and IP loan structure in the forum Creative Investing 7 years, 4 months ago
Thanks for the advise Terry. I will leave as it is but will contact again if anything further.
Vick replied to the topic Asdvise re PPOR and IP loan structure in the forum Creative Investing 7 years, 5 months ago
Thanks – Selling my property all together and selling to my partner is not an option either as its in our joint names but my serviceability will be too low to buy another property on my own.
Am I able to top up loan on my future IP (which will have lower debt) and then use this extra money to reduce my high debt on my PPOR?
Otherwise, I might…[Read more]
Vick replied to the topic Asdvise re PPOR and IP loan structure in the forum Creative Investing 7 years, 5 months ago
Thanks Terry
By switching, I mean I am going to be moving out from my current PPOR where I live. The IP which I purchased will be my new PPOR where I will live from next year and hence my current PPOR will be on rent making it an IP. Hope that provides clarity?
If merging two loans won’t work for tax deduction as you mentioned, what is the…[Read more]
Vick started the topic Asdvise re PPOR and IP loan structure in the forum Creative Investing 7 years, 5 months ago
Hi
I am new to investing and was hoping if someone could provide advice re my scenario on how best to structure my loan.
Currently I have a PPOR property with a loan of $300K from Bank A.
I also have a recently purchased IP property with a loan of $600K from Bank B which is my first IP.
I will be moving to my IP next year until which it will be…[Read more]
Vick started the topic Asdvise re PPOR and IP loan structure in the forum Creative Investing 7 years, 5 months ago
Hi
I was hoping if someone could provide advice re my scenario on how best to structure my loan.
Currently I have a PPOR property with a loan of $300K from Bank A.
I also have a recently purchased IP property with a loan of $600K from Bank B.
I will be moving to my IP next year until which it will be tenanted. Then, I will make the switch (will…[Read more]
Vick started the topic Asdvise re PPOR and IP loan structure in the forum Creative Investing 7 years, 5 months ago
Hi
I was hoping if someone could provide advice re my scenario on how best to structure my loan.
Currently I have a PPOR property with a loan of $300K from Bank A.
I also have a recently purchased IP property with a loan of $600K from Bank B.
I will be moving to my IP next year until which it will be tenanted. Then, I will make the switch (will…[Read more]
Vick started the topic Asdvise re PPOR and IP loan structure in the forum Creative Investing 7 years, 5 months ago
Hi
I was hoping if someone could provide advice re my scenario on how best to structure my loan.
Currently I have a PPOR property with a loan of $300K from Bank A.
I also have a recently purchased IP property with a loan of $600K from Bank B.
I will be moving to my IP next year until which it will be tenanted. Then, I will make the switch (will…[Read more]
Vick became a registered member 7 years, 5 months ago