PropertyInvesting.com | rickgm83 | Activity https://www.propertyinvesting.com/members/rickgm83/activity/ Activity feed for rickgm83. Sun, 12 Apr 2026 11:26:07 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a3aba5179c269cb6b60d00afb521461a rickgm83 replied to the topic Variable or Fixed in the forum Finance https://www.propertyinvesting.com/topic/4407014-variable-or-fixed/#post-4672885 Wed, 07 Nov 2012 23:14:43 +0000 Has anyone ever beaten the banks going fixed?

From my understanding if you can fix your interest rate at 5% for the next 3 years (given the current variable rates)  the banks economists are predicting RBA rates will fall further over the next 3 years.

]]> de2262b9d7506223320d6d64d89d0d98 rickgm83 replied to the topic First IP loan structure in the forum Finance https://www.propertyinvesting.com/topic/4407769-first-ip-loan-structure-2/#post-4678601 Wed, 03 Oct 2012 06:23:47 +0000 Bit more clearer now, i think i was just trying to over complicate things.

I would have a better tax advantage if i stayed in my current house as it has the lesser debt but i want to move unfortunately.

I think how Jamie and the others have explained is the only option.

Thanks guys.

]]> 79099649aeb18c9d8c822a08c0a46cef rickgm83 replied to the topic First IP loan structure in the forum Finance https://www.propertyinvesting.com/topic/4407769-first-ip-loan-structure-2/#post-4678598 Wed, 03 Oct 2012 05:14:29 +0000 Ok thanks,
This example was keeping both propertys/ loans seperate but might look into seperating the refinanced $50k aswell.

The other option I was thinking is having the seperate loans for each house but using the first house as collateral on the second.
Wouldn't this mean the first loan stays at $218k but it has a $50k collateral written…[Read more]

]]> f031ce4e853a0703d4462267b19d53c0 rickgm83 replied to the topic First IP loan structure in the forum Finance https://www.propertyinvesting.com/topic/4407769-first-ip-loan-structure-2/#post-4678595 Wed, 03 Oct 2012 04:15:24 +0000 So if the loan on the first property that will now be rented is $268k ($218k + $50k for purchase of second property)

I can only claim interest paid calculated on $218k?

Is there a better way to structure the loans? Use first house as security against the second (PPOR) and keep my original first loan at $218k?

]]> 9079e8e06b802f1e3028de86bf84ce46 rickgm83 replied to the topic First IP loan structure in the forum Finance https://www.propertyinvesting.com/topic/4407769-first-ip-loan-structure-2/#post-4678593 Wed, 03 Oct 2012 03:34:42 +0000 I've had a valuation done and a lender has calculated the equity.

Valuation $315k

Owe $218k

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