Total Members: 147,605

lexd

  • Thanks guy! and thanks Terry! I think i understand it now, cheers! :)

  • Hi, I am planning to move into my investment property and turn that into my primary residence (I am currently living with my family).

    I have owned my investment property for a good couple years now and have made some decent gains which I refinanced to buy a second investment property…

    So if I do move into my investment property and later on…[Read more]

  • lexd replied to the topic Redraw conflicting advice in the forum Finance 3 years, 1 month ago

    hi terry,

    never knew what I’ve done by refinancing and parking the money in the offset would’ve created such a mess..

    say if I am able to postpone buying my ppor for another year, can I now use my offset (borrowed + personal money) to buy another investment property instead?

    if I can buy another ip without tax issues then hopefully after 1…[Read more]

  • lexd replied to the topic Redraw conflicting advice in the forum Finance 3 years, 1 month ago

    Thanks terryw,

    That is correct.. I had refinanced the loan and put the extra borrowed money into my offset account..

    Is there a way to fix the contamination? It’s only been less than 12 months so if I look back into the offset account, I can easily determine how much I’ve been putting in since the refinance..

    By the way, this loan+offset…[Read more]

  • lexd‘s profile was updated 3 years, 1 month ago

  • Dinh replied to the topic Redraw conflicting advice in the forum Finance 3 years, 1 month ago

    Hi all,

    sorry to bring up an old thread, I am also having the same question as the OP.

    Currently I have an IP and about 6 months ago I have refinanced it thinking to purchase another IP, however things have changed and I am now looking to purchase a PPOR instead.

    Current IP Loan: 350k
    Current offset amount: 100k (including my savings)

    Since…[Read more]

  • lexd became a registered member 3 years, 8 months ago

lexd

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