All Topics / Help Needed! / advice needed for PPOR into a Trust or just rent out!

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  • Profile photo of PosEnterprisesPosEnterprises
    Member
    @posenterprises
    Join Date: 2006
    Post Count: 290
    February 1, 2008 - 3:46 am

    Hi can i get some thoughts from investors regarding a issue i have.

    I want to purchase a new PPOR and turn my old PPOR into a IP.  Should i sell the old PPOR to a Trust and pay the stamp duty etc or should i just rent it out and then borrow against it to buy another PPOR.

    any advice please.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    February 1, 2008 - 4:46 am

    It would depend on what sort of equity you have in it. If not much, then there may be no point, but if you have heaps of equity the interest savings could be huge.

    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

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