Yet replied to the topic Investment loan structure when ppor is paid off. in the forum Finance 6 years, 8 months ago
Thanks Terry.
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Yet replied to the topic Investment loan structure when ppor is paid off. in the forum Finance 6 years, 8 months ago
Hi Terry,
Thanks for your help . Will the above 80% you mentioned on owner occupied loan tax deductible? The purpose of loan will only be for future property investment.
Thanks
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Yet started the topic Investment loan structure when ppor is paid off. in the forum Finance 6 years, 8 months ago
Please can someone advice if I am on a right track.
I have almost paid off my PPOR(priority). Two more repayments to go. I am considering to get equity release from my PPOR(25%), to buy investment property. Another 80% will be borrowed from different bank, secured by the new ip.
Not sure if the equity release should be investment loan or owner…[Read more]
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Yet replied to the topic Finance structure for owner builders in the forum Finance 8 years ago
Thanks Terry. Appreciate your tips.
Cheers
Yet -
Yet replied to the topic Finance structure for owner builders in the forum Finance 8 years ago
OK. Maybe I’m confusing things. Please let me explain. I have one IP with no offset attached & also no equity to access for building granny flat/or second IP purchase. I do have PPOR with offset attached and enough equity to access for building granny flat. So I’m applying for a second loan/equity release of $120,000 using PPOR as security -…[Read more]
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Yet replied to the topic Finance structure for owner builders in the forum Finance 8 years ago
Hi Benny,
My understanding is not to park the investment money in PPOR offset account where it will be mixed with personal cash. As I need to park somewhere, isn’t it a good idea to have another offset attached to split loan. I think this helps with interest on the loan as I will only withdraw when needed for building just like LOC.
Please correct…[Read more] -
Yet replied to the topic Finance structure for owner builders in the forum Finance 8 years ago
Thanks Benny. Thanks for the hints, I’m just worried I may not be able to provide evidence/invoice for 40% of the project/work as it will be done by myself and my builder friends via cash in hand.
I’m in a process of negotiating a offset attached to split loan – the one I got know is with PPOR loan, also I will make sure bank don’t deposit…[Read more] -
Yet started the topic Finance structure for owner builders in the forum Finance 8 years ago
Hi there. Will appreciate any help & suggestions.
I’m in a process of building a granny flat on my IP. As its hard to get finance for owner builder, I’m using equity from my PPOR as a split investment loan of $120,000, which is been pre-approved. As I’m managing the project, i may not use the whole $amount.
1. What should I do with leftover $,…[Read more] -
Yet started the topic offset or redraw in the forum Finance 8 years, 6 months ago
Hi there, hope someone will help me.
I’m planning on building a granny flat on my newly purchased investment property as a owner builder. Unfortunately, the bank is not going to give loan for owner builder. I’m planning to use cash from offset(PPOR). Is it a good idea to use offset($110,000), or is it better to pay the loan ($110,000) &…[Read more]
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Yet became a registered member 8 years, 9 months ago
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