I recently bought a house on a 780 sqm block in Pakenham.
The house is a small 3 BR leaving it with a 15m x 25m back yard.
I am planning to subdivide the land and built a town house or a unit in the rear yard.
I am not quite sure where to start this process and how to go about it.
What should be my first step?
How much further…[Read more]
TheCuriousMind replied to the topic How to use deposit money for IP – Offset or Put into PPOR and Reborrow? in the forum Help Needed! 2 years, 9 months ago
That is a great advice Terryw and thanks. How do you mean to split down the loan?
I have PPOR IO loan and I have applied for a loan for the new IP.
My deposit payment is due in 2 weeks.
TheCuriousMind started the topic How to use deposit money for IP – Offset or Put into PPOR and Reborrow? in the forum Help Needed! 2 years, 9 months ago
I currently have 150k in my offset account and two home loans. One is my PPOR and other is IP.
I am looking to buy another IP for which I would require 75k funds.
I have two options –
1. Use 75k out of my 150k from offset account deposited directly to the vendor
2. Deposit 75k into my PPOR IO account and re draw thus it becomes tax…[Read more]
Thanks Paul – If I have understood it well – basically from a taxation perspective their is no difference wherever you invest overseas be it USA or India/Japan?
I have been forwarded few projects that are under construction in India for IT majors assuring 18% returns and stable capital increase.
I am happy to share the details with everyone here…[Read more]
Sorry to hear about your experience mate I hope you are proven wrong.
I am also hoping so for you because I would be meeting someone at MyUSA in Melbourne next week.
I would be updating my experience as I go..