All Topics / General Property / What would you do?

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  • Profile photo of NailwogNailwog
    Member
    @nailwog
    Join Date: 2003
    Post Count: 13

    How would you go about setting up structures and loans for this Case Study.
    Purchase 5 i.ps then purchase a PPOR???
    Ideas Finace brokers & experts????

    Cheers
    Nailwog

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    In this situation, I would live in the first inv property for a short time period to establish it as my PPOR. Setup an IO loan with a 100% offset on this and others. Make sure they were all stand alone loans (not cross securitised). Pay IO and extra money into an offset account to save interest. Probably get the first proeprty in personal name and the rest under a trust structure.

    Then when the time comes to buy PPOR, sell IP1, tax free, put all money off the PPOR loan and also pay all money in offset account off the loan for the PPOR.

    You could then set up a LOC on the PPOR for more IPs.

    Just some quick ideas.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of JetDollarsJetDollars
    Participant
    @jetdollars
    Join Date: 2003
    Post Count: 2,435

    I don’t think I can do better than what Terry suggested, but just would like to add that get your structure right at the first place. Speak to professional accountant, talks to brokers as well as the big banks.

    Kind regards

    Chan Dollars
    [Retire Young, Retire Rich] [strum]

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