PropertyInvesting.com | Balihai | Activity https://www.propertyinvesting.com/members/balihai/activity/ Activity feed for Balihai. Sun, 03 May 2026 03:13:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 548c5e4d08c150d498652f2e83425bf6 Balihai replied to the topic To pay off home mortgage or buy another IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380642-to-pay-off-home-mortgage-or-buy-another-ip/#post-4519225 Tue, 07 Jun 2005 14:13:30 +0000 Thank guys for the input.
I have learned a lot of new things esp on loans these last 2 days through this forum. However, I still think that I don’t have my initial question answered; in our situation, shall we pay off our homeloan completely first (or at least half) or buy another cf+ IP?
Any input (but please don’t say,’up to you’) will be most…[Read more]

]]> 6567d11fb45afab0e35b26965d66b1f7 Balihai replied to the topic To pay off home mortgage or buy another IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380642-to-pay-off-home-mortgage-or-buy-another-ip/#post-4519223 Tue, 07 Jun 2005 12:55:25 +0000 Offset accounts are always best used against non-deductible debt. I think you have got it.

At present, my home loan has no offset account. Instead, it’s a basic loan with redraw fasility.
Will it be ok? What is the drawback?

Regarding your thinking, it comes down to what you want. If you want to improve your cashflow, negative gearing should…[Read more]

]]> c738e515fd642c3ffd42bf04e4f8c5f7 Balihai replied to the topic To pay off home mortgage or buy another IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380642-to-pay-off-home-mortgage-or-buy-another-ip/#post-4519221 Tue, 07 Jun 2005 00:30:43 +0000 If you use your cash in the offset it will not be deductible as you are paying cash and you will increase your non-deducible expense. This is a bad idea.

This is new to me. Thanks. [cap]

As outlined earlier, you should have another split loan for deposits and expenses for deductible expenditure. This loan should also be interest only so you…[Read more]

]]> 82d1d6f74d75e6603c8e196911ca01f7 Balihai replied to the topic To pay off home mortgage or buy another IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380642-to-pay-off-home-mortgage-or-buy-another-ip/#post-4519219 Mon, 06 Jun 2005 13:44:04 +0000 Originally posted by The Mortgage Adviser:

You do not need to refinance anything to buy additional properties. Even if you have a fixed loan, you can add a split loan if you have additional equity. The new property can stand alone.

This ‘basic’ info is new to me. Thanks a lot, Rob(?).

I say stay away fro LOCs and stick to the simple stuff.…[Read more]

]]> 305404b97b66a0dc5efa9fffaccd2310 Balihai replied to the topic To pay off home mortgage or buy another IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380642-to-pay-off-home-mortgage-or-buy-another-ip/#post-4519218 Mon, 06 Jun 2005 13:33:56 +0000 Originally posted by Mortgage Hunter:

I would consider IO for all loans and have an offset on the PPOR for all cashflow and savings.

Do not use this offset for anything except undeductible debt – ie another PPOR, car etc.

Simon, can I use the offset for deposit and the purchase cost for my next IP?

If you decide that your PPOR is your home…[Read more]

]]> ec488af4183a580c848f5a1335ff4b5c Balihai replied to the topic To pay off home mortgage or buy another IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380642-to-pay-off-home-mortgage-or-buy-another-ip/#post-4519215 Mon, 06 Jun 2005 11:04:49 +0000 Thanks for your input guyz.
I know I should not have listened to the bank loan officer when he asked me to xcolled the loans. My PPOR then was worth $200K and I owed $135K. Nonetheless, I still got $25K which was enough to buy the 1st property. However, despite the dis, I thought I got the advantage on the Xcolled loans as I didn’t have to…[Read more]

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