Hi to all you success driven people/ investors.
I have recently gone through divorce and have come out the other end with a small cash sum ($30,000). I wish to invest in a property for myself to live in, however I wish to know should or could I use this money in better places to start a portfolio and still be able to use it for my own house at a later date. I have read 0-130 properties in 3.5 years a couple of times over and really dont want to spend the $30,000 if i can use it to further myself and my life.Regards,
Glenn D [strum][biggrin]glenn dawson
Glenn
The interest charged on your own PPOR is non tax deductible so you are always better off paying this down as quick as you can.
In saying this dependant on the purchase price of any PPOR you maybe able to structure the loan in such a manner that enable you to access equity for a IP at the same time.
Alternatively many lender will lend 100% of the purchase price for investment properties on a stand a loan deal and without other security so subject to income there is nothing to stop you having the best of both worlds.
Loan structuring in the first place is prbably the most important thing to get right.
Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
[email protected]Richard Taylor | Australia's leading private lender
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