PropertyInvesting.com | newdawn2001 | Activity https://www.propertyinvesting.com/members/newdawn2001/activity/ Activity feed for newdawn2001. Sat, 04 Apr 2026 22:04:45 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 05b2af04f5de3b49de5288a3457b35e9 newdawn2001 replied to the topic Loan structure advise: PPOR to become IP & IP to become PPOR in the forum Thanks again Terryw; I https://www.propertyinvesting.com/topic/4400519-loan-structure-advise-ppor-to-become-ip-ip-to-become-ppor/page/2/#post-4627845 Tue, 03 Aug 2010 09:50:12 +0000 Thanks again Terryw;I couldn't get 0.8% discount but I did get 0.7% on both the LOC and we aren't borrowing very much so every little bit counts.Newdawn

]]> e36d75042ddf398d7c7cc4846636fa8e newdawn2001 replied to the topic Loan structure advise: PPOR to become IP & IP to become PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4400519-loan-structure-advise-ppor-to-become-ip-ip-to-become-ppor/#post-4627843 Thu, 29 Jul 2010 13:26:31 +0000 Sorry to be ignorant Terryw but I still don't understand. If I borrow from loan 2 now when it is still our current home and loan 2 also has all the costs for IP1 coming out of it (which would be eligable for tax deduction now), won't that be mixing things between IP1 and future IP2 (now PPOR)? Is this something accountants can easily deal with?I…[Read more]

]]> c786d28f9186aee7cfa08234e913b92a newdawn2001 replied to the topic Loan structure advise: PPOR to become IP & IP to become PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4400519-loan-structure-advise-ppor-to-become-ip-ip-to-become-ppor/#post-4627841 Thu, 22 Jul 2010 16:11:30 +0000 Hey Terryw;Just re-reading what we said. When you said "Since your current home is going to be an investment you could borrow from Loan 2 now for paying all associated costs. Later on when you do rent it the interest should be deductible as you have incurred the interest in money borrowed for the property that is being rented..". Did you mean the…[Read more]

]]> 921f165e86c7a52c6e7eb8bf6cc76508 newdawn2001 replied to the topic Loan structure advise: PPOR to become IP & IP to become PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4400519-loan-structure-advise-ppor-to-become-ip-ip-to-become-ppor/#post-4627840 Mon, 19 Jul 2010 04:32:36 +0000 Cheers Terryw.Did PM CJC but no reply.Just a follow up for other forum users regarding NAB v's ANZ multiloan products. We spoke at length to NAB. We were advised that the 6.44% was only an intro rate and that loan also required a $10/mth fee. Best they could do otherwise, was 6.64% only marginally better than the 6.71% ANZ is offering us (after…[Read more]

]]> 43be9b08f3567f0e6291b5e626c5b00d newdawn2001 replied to the topic Loan structure advise: PPOR to become IP & IP to become PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4400519-loan-structure-advise-ppor-to-become-ip-ip-to-become-ppor/#post-4627838 Sun, 18 Jul 2010 04:44:54 +0000 Thanks Terryw;This has been a great help. We will seek advise and then put this in place.It's all very exciting. We appreciate your time and consideration. Have also decided to put title and loan in hubbys name.Hope this info helps a few others out there too.Good journey!

]]> c91572a471ba46aaecf29a27060f561a newdawn2001 replied to the topic Loan structure advise: PPOR to become IP & IP to become PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4400519-loan-structure-advise-ppor-to-become-ip-ip-to-become-ppor/#post-4627836 Sat, 17 Jul 2010 15:20:35 +0000 Thanks again Terryw;So put simply. Am I on the right track below.Loan 1: IO with redraw and offset for current PPOR. Put all wages and spare cash in offset now to reduce interest and so can use in future for next PPOR, when current PPOR becomes future IP.Loan 2: LOC secured on PPOR. Part of equity from PPOR. Use for deposit to buy IP1 plus all…[Read more]

]]> 6660241aa1cf85827a551d3f77629d33 newdawn2001 replied to the topic Loan structure advise: PPOR to become IP & IP to become PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4400519-loan-structure-advise-ppor-to-become-ip-ip-to-become-ppor/#post-4627831 Tue, 13 Jul 2010 15:35:15 +0000 “You would also want to slowly increase this loan by paying the interest on it by borrowing from LOC1. Place all spare cash into the offset account….” Terryw

I don’t really understand how this works?

]]> d43fa909d39c11242fa42feca6f3d833 newdawn2001 replied to the topic Loan structure advise: PPOR to become IP & IP to become PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4400519-loan-structure-advise-ppor-to-become-ip-ip-to-become-ppor/#post-4627830 Tue, 13 Jul 2010 15:32:25 +0000 Thanks Terryw;

I appreciate your experience and advise.
Just a few questions.

Loan C: Why LOC as opposed to IO with offset? I am under the impression that LOC has higher interest rate and the same flexibility can be achieved with IO with offset.

Why do you suggest two LOC loans? Is it to keep separate expenses/ deposit / etc for IP1 – interest…[Read more]

]]> 12ece936fe1fa8a8b5b160ece3eef050 newdawn2001 replied to the topic Loan structure advise: PPOR to become IP & IP to become PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4400519-loan-structure-advise-ppor-to-become-ip-ip-to-become-ppor/#post-4627827 Sun, 11 Jul 2010 13:43:37 +0000 Thanks Richard;Yes, I was only dreaming of interest free ha ha. I meant interest only.I think your right – neither I or the bank really knows. We have spoken to three mortgage brokers and they don't seem to know either?Yes, it's hard to get our heads around it all. We would still appreciate any general advise or where best to get advise.

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