Forums / Property Investing / Help Needed! / Paying Off Investment Loans

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  • Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,190

    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 / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
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    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of adzleaadzlea
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    @adzlea
    Join Date: 2012
    Post Count: 15
    Profile photo of craig123craig123
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    @craig123
    Join Date: 2012
    Post Count: 27
    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
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    @terryw
    Join Date: 2001
    Post Count: 16,190

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

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

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of craig123craig123
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    @craig123
    Join Date: 2012
    Post Count: 27

    Hi Terry,

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

    Craig

Viewing 5 posts - 21 through 25 (of 25 total)

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