[Cartman123Participant@cartman123Join Date: 2004Post Count: 15]

November 3, 2015 - 3:24 pm

Terryw wrote:

If A lends to B the interest is deductible to B if B uses the funds for investment purposes.B would pay interest to A B could claim the interest as a deduction, A would declare the interest received as income.

Interesting… this looks like some sort of company structure, where an employee receives an income from their employer.. does this need a trust in place to work ?

Cheers,
Cartman

[Cartman123Participant@cartman123Join Date: 2004Post Count: 15]

November 3, 2015 - 2:13 pm

Terryw wrote:

A simple example is a non working spouse lending money to the working spouse to buy a negatively geared property. This can divert income to the non working spouse who will pay little to no tax and divert expenses to the working spouse who will maximise their deductions.

Sorry to change the theme of the thread. Terry, does the spouse need to be on the loan/mortgage as well as the title/s for that to occur ? Or just on the loans/mortgages itself…?

https://www.ato.gov.au/rba/content/?ffi=/misc/RBA/Content/89363.htm

From what I can see on the ATO link above, it seems to be the person on the Title that can claim the deductions only.

Cheers,
Cartman

[Cartman123Participant@cartman123Join Date: 2004Post Count: 15]

November 2, 2015 - 11:30 pm

Richard Taylor wrote:

Should be looking at circa 4.19% for this.

Will the loans that are only secured against the PPOR, be at 4.19%? Or the overall rate for all loans be ~ 4.19% including IP, if the PPOR equity is used as the 60k deposit?

Isn’t the idea to keep the two (PPOR and IP) in seperate banks, how will that work at ~4.19% ?

Cheers,
Cartman

[Cartman123Participant@cartman123Join Date: 2004Post Count: 15]

November 1, 2015 - 9:58 am

Thanks Richard, appreciate your insight.

Richard Taylor wrote:

With the equity you have in your current property i believe you could obtain a very competitive rate of interest as well structure your loans in a manner to help you move forward when you want to.

I guess it comes down to a question of risks Vs rates. PPOR Equity Vs IP Equity. Which one ?
Considering worst case.. should the banks decide to recover the house for the mortgages (default), I’d rather they take the IP, then the PPOR any-day / any-time.

thoughts ???

Cheers,
Cartman

[Cartman123Participant@cartman123Join Date: 2004Post Count: 15]

October 30, 2015 - 11:28 pm

Corey Batt wrote:

Then get yourself in front of a finance strategist then –

I left planning and strategy till the last minute… I know it’s a newbie mistake…:(

The contract’s drawn up for the new IP and I’m out of time… Don’t know if I can stall for much longer..

I was hoping to get some quick help on this forum…

[Cartman123Participant@cartman123Join Date: 2004Post Count: 15]

October 30, 2015 - 11:14 am

Corey Batt wrote:

Are you intending on buying many other properties?

Absolutely, slowly but surely… that is the plan.

Cheers,
Cartman

[Cartman123Participant@cartman123Join Date: 2004Post Count: 15]

May 4, 2010 - 6:18 am

KRudd… What a joke!  But do we have an alternative…. really….???

[Cartman123Participant@cartman123Join Date: 2004Post Count: 15]

May 4, 2010 - 6:18 am

KRudd… What a joke!  But do we have an alternative…. really….???

[Cartman123Participant@cartman123Join Date: 2004Post Count: 15]

April 15, 2010 - 1:56 pm

roman9 wrote:

" it is like investing in the future gains of a pirate ship on the high seas". hope you got the message.

LOL!  reading that loud and clear.  Roger that…

Cheers
Cartman

[Cartman123Participant@cartman123Join Date: 2004Post Count: 15]

April 10, 2010 - 2:30 pm

Yes. I know all of what has happened and is happening there.  We have relatives still there .  Despite all that,  the biggest and most prominent investors in Fiji are foreigners. How are they doing it, is what I want to know?

[Cartman123Participant@cartman123Join Date: 2004Post Count: 15]

April 10, 2010 - 2:17 pm

Banker:  What you've said contradicts what others are saying on this forum. However, what you're saying seems plausible and quite likely reality.

This is the first time I have heard, the term Cross-C (being new)  and splitting lending was recommended to me by some very credible people / brokers, on this forum. So are they all living in fairyland ?

Cheers,
Cartman

[Cartman123Participant@cartman123Join Date: 2004Post Count: 15]

April 10, 2010 - 1:31 am

v8ghia wrote:

Hi Cartman – and welcome to the forum. Now……They can (in extreme situations) and its called 'The All-Monies Clause'. Cheers 

Thanks, glad to be here…  Learnt more in a month here, then I have in the 32 years of  my life….

Cheers,
Cartman

[Cartman123Participant@cartman123Join Date: 2004Post Count: 15]

April 9, 2010 - 3:05 am

duckster wrote:

Why
Because if you had different loans with the same bank and default they can still seize your other properties to pay back what you owe them.

Hello all,  (New to the game) 
Is this 100% confirmed ?  The loan contract you sign says what property secures what loan. So how can they go against that,  (in a default situation) , even if they are with the same bank…. ? 

Confusing…

Cheers,
Cartman