All Topics / Help Needed! / Taking That Leap First IP

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  • Profile photo of PLCPLC
    Participant
    @plc
    Join Date: 2012
    Post Count: 400
    August 25, 2012 - 1:58 am
    Qlds007 wrote:
    Again don't want to picky but if you haven't purchased the properties yet the money can't be in an offset account.

    That's what came to mind when I read the post.

    Unless he has a PPOR loan we don't know about?

    PLC | Phoenix Loan Consulting
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    Melbourne based Mortgage Broker | Making Finance Simple

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544
    August 25, 2012 - 11:39 pm

    Hi Coota,

    Picking up on Richard's thoughts – make sure you're not 'over-leveraged' across your portfolio. I don't believe high all round LVRs,  particularly at this stage of the property cycle, is a wise move.

    Leaves little more for you to manouvre if things go wrong.

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