PropertyInvesting.com | Tesst | Activity https://www.propertyinvesting.com/members/tesst/activity/ Activity feed for Tesst. Sat, 04 Apr 2026 10:15:15 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 5c4fea640fbbf112c58dfc6c7625a28a Tesst replied to the topic Positive gearing/negative gearing in the forum Help Needed! https://www.propertyinvesting.com/topic/4407119-positive-gearingnegative-gearing/#post-4673753 Mon, 16 Jul 2012 09:41:23 +0000 Hi Richard,

Thanks for your advice, just in the nick of time, I spoke to my lender and am fortunate I asked the question this morning. He advised that as we are borrowing 100% of the loan, $195K of the loan is secured on our existing property and that was the only option otherwise we would have to have mortgage insurance (which could cost 15k).…[Read more]

]]> 40401e70697540ce16abd7b1483c71b3 Tesst replied to the topic Positive gearing/negative gearing in the forum Thanks WomeninPropMelb. I do https://www.propertyinvesting.com/topic/4407119-positive-gearingnegative-gearing/#post-4673752 Mon, 16 Jul 2012 09:21:12 +0000 Thanks WomeninPropMelb.

I do feel good about finally starting on my journey in investment. It has been something I have been wanting to do and now I have to learn quick and fast how to manage it.

Tesst

]]> dddc837c1da9818725dca120a29e396e Tesst replied to the topic Positive gearing/negative gearing in the forum Help Needed! https://www.propertyinvesting.com/topic/4407119-positive-gearingnegative-gearing/#post-4673749 Sun, 15 Jul 2012 09:45:17 +0000 Thanks Jamie (Pass Go Home Loans) & Richard (Taylored Financial Solutions)

Okay, I understand what you mean by cross collateralisation. I will look at the Loan Application and speak to my lender tomorrow. This information is extremely valued and is providing me with some insights into how investment loans work and what a risk it could be to my…[Read more]

]]> e76d178541d98707505bf86ea8cead53 Tesst replied to the topic Positive gearing/negative gearing in the forum Help Needed! https://www.propertyinvesting.com/topic/4407119-positive-gearingnegative-gearing/#post-4673746 Sun, 15 Jul 2012 08:07:25 +0000 Thanks Richard,

What do you mean do not Cross the Loans? The existing loan will stay separate from the new loan; but thank you for highlighting this and I will double check that is the case.

I do not know why our Lender suggested this, no other option was put to me. I have a lot to learn and nor I or my husband have invested before; I am still…[Read more]

]]> 9217c7a6db6b3332666a6c06e9bc69df Tesst replied to the topic Positive gearing/negative gearing in the forum Help Needed! https://www.propertyinvesting.com/topic/4407119-positive-gearingnegative-gearing/#post-4673744 Sun, 15 Jul 2012 07:12:40 +0000 Thank you to Yours in Finance and Women In Property for your feedback, it is much appreciated.

The existing property is not so much security, but our Lender wanted to ensure that we had enough equity in our existing home to be able to borrow the full amount needed to purchase this property.

Using the redraw facility for a deposit was the only…[Read more]

]]> 8950f546f1cccea3c84b2ac8ec19f72a Tesst replied to the topic Positive gearing/negative gearing in the forum Help Needed! https://www.propertyinvesting.com/topic/4407119-positive-gearingnegative-gearing/#post-4673740 Sat, 14 Jul 2012 10:59:26 +0000 Thanks for your comments. I have signed the contract and paid a deposit using the redraw facility on our existing loan which will be re-imbursed once new loan is in place.

I am seeing my solicitor next week.

The property is in a great area, good growth only 10 years old, near beach but expensive outgoings/body corporate fees.

The rent will not…[Read more]

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