All Topics / The Treasure Chest / Tax behefits to pay off your own home

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  • Profile photo of gettingtheregettingthere
    Member
    @gettingthere
    Join Date: 2003
    Post Count: 10
    May 7, 2003 - 7:28 am

    Hello fellow investors,
    i have just bought 2 units and are wondering if anyone knows a tax effective legal way to use them to help pay off my home loan quicker. Possibly an offset account or using a LOC. Any thoughts would be appreciated.
    Cheers

    Profile photo of ADAD
    Participant
    @ad
    Join Date: 2002
    Post Count: 636
    May 7, 2003 - 7:41 am

    Why not have all rent going into the home loan and then having the payments coming at when they need paying. The power of idle money in your home account will accelerate the pay down time.

    Enjoy
    AD [:0)]
    (Andrew)

    “”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
    Albert Einstein

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