investron,
my goal would be to be surrounded by semi naked females with ip’s too,trouble is my wife won’t be happy with me when she finds out i must be a lesb*#%.
You need to get advice – find a good accountant – ask on this site for one close to you.
You should also get a good mortgage broker, and get the debt from your ppor, onto your ip – simply because as a self employed person, that interest is tax deductible – but not the interest on your ppor.
thanks for the reply,how do we get the debt transferred from our ppor to our ips?also will post and ask later for advice on a good accountant.
thanks for the reply don’t know what a wrap is, also our ppor is all linked to the same mortgage and we only have $10,000 left in our line of credit,would it be the way to go to try and refinance and up our line of credit?
Lo Doc’s are a good way to go, but in a lot of cases you need an ABN and for 2 yrs.
If you don’t have this, then a No Doc is the way to go, although max 65%lvr.
I gather you’re IP’s aren’t wrapped?
Are they with the same lender as your PPOR?
A good way to go is a line of credit from your equity to use for deposit’s on Lo doc loan’s. However, make sure your PPOR has it’s own lender, keep it seperate from the IP lenders. This protects your PPOR if anything happens to your IP’s.
