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  • Profile photo of PaninaPanina
    Participant
    @panina
    Join Date: 2016
    Post Count: 8

    @panina from the figures you emailed me i managed to get the deal to service for $260,000 so not sure who your TIC broker is looking at but seems to be a vast difference.
    Cheers
    Yours in Finance

    Not sure i understand the broker said i can only borrow $260,000

    Profile photo of KingKing
    Participant
    @jaydenwalter
    Join Date: 2016
    Post 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? Thanks

    Profile photo of Colin RiceColin Rice
    Participant
    @fms
    Join Date: 2011
    Post 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.

    Colin Rice | CDR Finance
    http://cdrfinance.com.au/
    Email Me | Phone Me

    Perth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]

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