All Topics / Finance / Using Re-Draw on investment loans
SK2
The easiest way to avoid getting the run around with all these lenders is to give someone like Terry a call and get him to arrange it properly.
Just email and tell him your requirements and he can arrange it for you.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
Thanks Richard I reckon that is what I will do when it’s time for my 2nd IP purchase.
Also the ATO called back today and confirmed everything that was mentioned here. Offset account set up’s on investment loans are perfectly okay however using re-draw will require apportioning to claim back on tax.
Do you have a home loan on your own place – you might be better off working the salary/offset account on your personal loan finance as this wont affect your tax etc.
Anita Marshall
Advanced Finance Solutions
http://www.advancedfinance.com.au
[email protected]
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