All Topics / Help Needed! / Paying Off Investment Loans

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  • Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    April 28, 2012 - 2:37 pm

    Best thing to do would be to use equity to buy further IPs and to keep your cash an offset account. Once you retire then pay out the loan in the PPOR

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of adzleaadzlea
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    @adzlea
    Join Date: 2012
    Post Count: 15
    April 29, 2012 - 9:05 pm

    Thanks terry

    Profile photo of craig123craig123
    Participant
    @craig123
    Join Date: 2012
    Post Count: 27
    April 30, 2012 - 2:38 am
    Terryw wrote:
    Yes. But just make sure the bank won't class it as a missed repayment and default

    Terry

    the bank wont allow one account to offset each loan, an offset per loan still ok?

    thanks

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    April 30, 2012 - 6:00 am

    Craig, I thought you were going to stop paying the loan for a bit and let it capitalise

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of craig123craig123
    Participant
    @craig123
    Join Date: 2012
    Post Count: 27
    April 30, 2012 - 11:40 am

    Hi Terry,

    Yes that is the plan, just setting up the accounts is all??????????????

    Craig

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