- PaninaParticipant@paninaJoin Date: 2016Post Count: 8KingParticipant@jaydenwalterJoin Date: 2016Post Count: 17
Corey, you recommend purchasing a PPoR first and paying down the principle and using that equity to purchase other properties and expand your Portfolio. However, I read elsewhere that people recommend to save was much cash (or use offsets) as possible as cash is far more flexible and ‘worth more’ than trying to draw down on your PPoR loan for further investment? Could you please elaborate? ThanksColin RiceParticipant@fmsJoin Date: 2011Post Count: 338
@jaydenwalter you can link an offset to your PPOR and store / build up as much cash as possible and use the funds to debt recycle when required.
Debt recycling is converting non deductable debt to deductable debt by paying down the PPOR debt and reborowing and placing new lending in a separate loan split.