All Topics / General Property / What would you do?
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
NailwogIn 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 MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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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