PropertyInvesting.com | Burnie | Activity

Burnie replied to the topic Renting PPOR for 12 months in the forum Help Needed!

Sat, 24 Apr 2010 21:53:54 +0000

Hey duckster,Can you explain and go into a bit more detail about "Also you may wish to nominate this PPOR to be your PPOR even though you are renting it out for up to six years to avoid any future capital gains tax."Sounds interesting, I didn't know you could do this.

Burnie replied to the topic My journey thus far in the forum Help Needed!

Mon, 19 Apr 2010 11:12:14 +0000

I'm not 100% sure how it works now, or with different lenders. Hopefully our more learned friends on this forum can help. When my wife and I applied for our first loan 5 years ago, only the principal borrowers credit history was checked…Not any additional borrowers. I only knew this cause a friend of mine used to work as a loans manager.

Burnie replied to the topic Stupidity test to become a banker ?? in the forum General Property

Mon, 19 Apr 2010 10:53:14 +0000

I have had two friends recently go into different Westpac branches and discuss loan options for IP's. On both occasions they ended up trying to get talked out of the idea of buying another property and got the hard sell on creating share portfolios. Banks just love to push their own products and the workers are just out to meet their current K…[Read more]

Burnie replied to the topic Paying of a mortgage HELP! in the forum Good question. I would

Wed, 14 Apr 2010 07:00:44 +0000

Good question. I would also like to know about the depreciation schedule. I also agree with fWord. And moving back into your parents rent free for a while would be a financial blessing. Interest only loan with offset account sounds great. I'm in a similar situation to yourself and planning to do the same, but still just learning the ropes and…[Read more]

Burnie replied to the topic How to meet the banks serviceability criteria in the forum Help Needed!

Sun, 11 Apr 2010 12:07:36 +0000

That's a great help guys thanx!Cameron