PropertyInvesting.com | pauln | Activity https://www.propertyinvesting.com/members/pauln/activity/ Activity feed for pauln. Sun, 12 Apr 2026 13:54:40 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 9605136f66f0cd29100456929fc4fa57 pauln replied to the topic LOC for IP in the forum Finance https://www.propertyinvesting.com/topic/4405940-loc-for-ip/#post-4664247 Sun, 26 Feb 2012 21:57:51 +0000 Terryw wrote:
That rate is a bit high – how much is the loan amount?Would be best for you to pay the min on the investment loan and any excess to the PPOR loan – so this means monthly, otherwise you would be making an extra month's payment to the IP each year.If your PPOR would become an IP in the future then probably best from a tax POV to…[Read more]

]]> 216364c7fcaa7626a226c3672bf9430e pauln replied to the topic Advice Need: Converting Garage to another room in the forum Value Adding https://www.propertyinvesting.com/topic/4405923-advice-need-converting-garage-to-another-room/#post-4664163 Fri, 24 Feb 2012 04:30:00 +0000 Does the block have an easement out the back.The biggest mistake I see with garages is they get converted to a room and provide access through another roller door to an easement out the back. Make sure this is not the case. And also think about where you will put the windows. You can't look straight into the neighbours house if you are already…[Read more]

]]> 92586038a6e0448d473e6663c6818323 pauln replied to the topic Building Under existing house. in the forum Value Adding https://www.propertyinvesting.com/topic/4405676-building-under-existing-house/#post-4662410 Fri, 24 Feb 2012 04:24:42 +0000 Get a designer/architect involved first. They can check your plot ratio (as you are adding Floor area) and investigate your house to come up with a solution for you. If you build underneath apart from termite protection, waterproofing and structural advice may also be required.

]]> 34c417f50d7ca1e9ecaf2a42d667d68a pauln replied to the topic LOC for IP in the forum Finance https://www.propertyinvesting.com/topic/4405940-loc-for-ip/#post-4664244 Fri, 24 Feb 2012 01:01:02 +0000 LOC is 6.6%Should I change from fortnightly to monthly payments?Is there any benefit to change to a new IO loan at a different bank?And should I change my PPOR P&I loan to IO loan with an offset account at the same time?

]]> 05b6d0efe7f641b6cd07949794c640d3 pauln replied to the topic LOC for IP in the forum Finance https://www.propertyinvesting.com/topic/4405940-loc-for-ip/#post-4664242 Fri, 24 Feb 2012 00:08:19 +0000 I asked for IO loan and they advised that they only had LOC. I pay fortnightly because its easier to budget that way. Have I got this set up wrong?

]]> 77e7254e35f95105281a2ee6a4ae5569 pauln replied to the topic LOC for IP in the forum That's what the bank https://www.propertyinvesting.com/topic/4405940-loc-for-ip/#post-4664239 Thu, 23 Feb 2012 23:38:22 +0000 That's what the bank recommended as they were both previsouly P&I.

]]> 357a79ecd39a66f7de99006397bdcb8f pauln replied to the topic Refinance IP - Tax Q in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402745-refinance-ip-tax-q/#post-4641663 Thu, 23 Feb 2012 02:34:06 +0000 I guess the other thing I could do would be to use the equity in my IP and use it for another IP eventually.

]]> 6de98a1f24c51393c707cb381f61a74a pauln replied to the topic Refinance IP - Tax Q in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402745-refinance-ip-tax-q/#post-4641657 Wed, 22 Feb 2012 01:23:49 +0000 Thanks all. We actually lived in the IP first. So does this mean that I won't pay CGT? The other option is to sell this outright before the 6 years is up.Yes we will have to pay stamp duty about $26k and then legals about $2000.

]]> b42da359e733227da168814d2333b771 pauln replied to the topic Refinance IP - Tax Q in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402745-refinance-ip-tax-q/#post-4641654 Tue, 21 Feb 2012 22:37:08 +0000 Qlds007 wrote:
As Dan mentioned you can certainly increase the loan (Dont know why you would) but can claim the interest on the increase as a deduction so really no point.If the property is owned as Joint Tenants you could however look at possibly buying at your spouses share and the interest on such a Transfer would be deductible.Other costs to…[Read more]

]]> a6a7625737d648d71b9ef923d86f9277 pauln replied to the topic Sell IP to reduce PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4402782-sell-ip-to-reduce-ppor/#post-4641856 Mon, 14 Feb 2011 03:34:37 +0000 Thanks everyone, we are still learning all this. I believe its better to keep the IP's and pay for what they were when we bought them rather then sell pay CGT etc, and then buy new IP's at a future price. We are currently paying the minimum off for our LOC / IO loans for our IPs, while everything else goes onto our PPOR. Although we are not using…[Read more]

]]> 3a238d5466004010afa52b85c8b4d3c1 pauln replied to the topic Sell IP to reduce PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4402782-sell-ip-to-reduce-ppor/#post-4641848 Sun, 13 Feb 2011 22:51:32 +0000 I don't want to sell anything, it's my partner who wants to reduce the debt on our PPOR. She wants to pay off our house asap. I see it that our IP money/rent helps to pay off our PPOR, is tmy thinking correct? Also you siad I have never made a repayment in my life – can you explain how you did this?

]]> 438427493ec90e01e81fcbfeb8867da1 pauln replied to the topic Refinance IP - Tax Q in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402745-refinance-ip-tax-q/#post-4641653 Fri, 11 Feb 2011 03:11:37 +0000 Or just keep going where I'm putting the left over rent money onto my PPOR and will slowly bring the loan down.

]]> 4d815460aa1e67affd8c18a1a7332275 pauln replied to the topic Refinance IP - Tax Q in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402745-refinance-ip-tax-q/#post-4641652 Fri, 11 Feb 2011 03:07:03 +0000 Thanks Dan & Qlds007 I really appreciate your time.So are you saying not to increase the loan on my IP in order to bring down my loan on my PPOR? Or is it better to sell my IP to help pay off my PPOR and then buy another IP later?

]]> 73bda7737f2775f95cac20a670cc8e69 pauln replied to the topic Refinance IP - Tax Q in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402745-refinance-ip-tax-q/#post-4641650 Fri, 11 Feb 2011 01:29:47 +0000 Thanks. I assume the option of increasing the IP loan to pay down the PPOR loan is still the way to go.

]]> e8f32a8c92aa4edafdc6b248d6beae26 pauln replied to the topic Canberra property investors in the forum General Property https://www.propertyinvesting.com/topic/4372973-canberra-property-investors/#post-4468126 Mon, 19 Apr 2004 00:22:50 +0000 That would be good.

]]> dc85b529d6609b5fccae06af45d24cca pauln replied to the topic Pay off house in the forum Help Needed! https://www.propertyinvesting.com/topic/4372408-pay-off-house/#post-4464134 Sun, 18 Apr 2004 23:11:53 +0000 Thanks Melbear.
We don’t wont to sell our townhouse because it will become a great rental property. We can get about $280 per week and we bought it in 2000 for only $120k. We have 70k left on the loan, but we have decided that we need a bigger house (family soon) and that we can afford a three bedroom house on the outer suburbs. Going to put…[Read more]

]]> 19e66e600c638160baa15dd572249f82 pauln replied to the topic Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4372887-deposit-4/#post-4467468 Thu, 15 Apr 2004 01:02:09 +0000 Simon – what is a IO loan?

]]> 434f15fb68b5a251ffec4531a92df8de pauln replied to the topic Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4372887-deposit-4/#post-4467465 Thu, 15 Apr 2004 00:39:37 +0000 Thanks for all your posts. As you probably can tell, I’m new to all this and here is my situation:
We live in a two bedroom townhouse but want to upgrade to a three bedroom house. We have enough equity to borrow for %110+ of a loan and this new home will become our PPOR. Our old townhouse will become our IP but still have a loan on it.

]]> 4b1bd1bfd1fdb9cbcd5402c194e4f1b9 pauln replied to the topic Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4372887-deposit-4/#post-4467463 Thu, 15 Apr 2004 00:08:00 +0000 It depends entirely on your timeframes and comfort.

Timeframe – My partner and I are young, 25 years old
Comfort – Want to sleep at night.

Don’t you think saving 20% of the deposit would work out better in the long run, less interest paid on the loan, no insurance costs etc?

]]> e9369cfcda4991b819aad88c92b069a0 pauln replied to the topic Pay off house in the forum Help Needed! https://www.propertyinvesting.com/topic/4372408-pay-off-house/#post-4464132 Tue, 30 Mar 2004 00:31:35 +0000 Checked witht the body corporate, can’t do anything to the exterior, and the living area is already to small to put another room in.

]]> e10d68e56afb1224112c78fb31cd506a pauln replied to the topic FHOG is this illegal? in the forum Help Needed! https://www.propertyinvesting.com/topic/4372441-fhog-is-this-illegal/#post-4464404 Tue, 30 Mar 2004 00:29:22 +0000 Just checked on your link MortgageHunter and we can’t apply for it. Thanks for that.

]]> 6e519351e4c8454bb5650468b1fa43f0 pauln replied to the topic FHOG is this illegal? in the forum Help Needed! https://www.propertyinvesting.com/topic/4372441-fhog-is-this-illegal/#post-4464402 Tue, 30 Mar 2004 00:02:43 +0000 Good advice, thanks Geo

]]> 18e4e11af2cd92512e03a51000ba1f1d pauln replied to the topic Pay off house in the forum Help Needed! https://www.propertyinvesting.com/topic/4372408-pay-off-house/#post-4464130 Mon, 29 Mar 2004 04:21:56 +0000 Wow, never thought about that. I’ll check with the body corporate.
Do you think I should go and see an accountant to work out my best options dollars wise?

]]> a0a11c44239322eef670760f772e725d pauln replied to the topic Pay off house in the forum Help Needed! https://www.propertyinvesting.com/topic/4372408-pay-off-house/#post-4464128 Mon, 29 Mar 2004 03:20:01 +0000 Thanks George – we want to move out of our two bedroom townhouse and into something bigger like a three bed house. This would be a small step, not a big step like a big house. Or should we stay in the townhouse for as long as possible while building up our Investment properties as you explained?

]]>