Recent Content by Green Grass

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  1. Green Grass
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    Your Latest Purchase

    Brisbane - Kedron. 3 bed townhouse. First IP :). Will be long term hold. Bought with happy tenant already in place :)
    Post by: Green Grass, 30th Aug, 2015 in forum: Investment Strategy
  2. Green Grass
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    WA How much is Perth moving south?

    The banks all want your PPOR mortgage business. Due to APRA wanting IP mortgage growth of under 10% per annum, most lenders are not chasing this,...
    Post by: Green Grass, 15th Aug, 2015 in forum: Where to Buy
  3. Green Grass
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    QLD BRISBANE Buyers Agent

    I settled yesterday in Brisbane and used Andrew Allen's team. Rate them highly and would use them again. Bought sight unseen.
    Post by: Green Grass, 15th Aug, 2015 in forum: Where to Buy
  4. Green Grass
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    Open Wealth Creation experiences

    I read their books and spent a few weeks speaking to them about buying H&L through them in Greenvale, VIC. I too like their educational...
    Post by: Green Grass, 15th Aug, 2015 in forum: Property Experts
  5. Green Grass
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    why is this investment loan not tax deductible?

    The PPOR purchase is a house she wants to live in rather than rent out and would have a low yield. Plan now is to sell the unit, retain some of...
    Post by: Green Grass, 30th Jul, 2015 in forum: Loans & Mortgage Brokers
  6. Green Grass
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    why is this investment loan not tax deductible?

    Thanks. Presumably it is only the interest costs that would not be tax deductible.
    Post by: Green Grass, 29th Jul, 2015 in forum: Loans & Mortgage Brokers
  7. Green Grass
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    why is this investment loan not tax deductible?

    If tax deductions not available then as Rolf suggests, makes sense to start again and structure debt and assets better next time. Thanks
    Post by: Green Grass, 29th Jul, 2015 in forum: Loans & Mortgage Brokers
  8. Green Grass
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    why is this investment loan not tax deductible?

    Thanks all. Decision made to sell existing PPOR. Seemingly sensible financial management paying off mortgage on PPOR coming back to bite!
    Post by: Green Grass, 29th Jul, 2015 in forum: Loans & Mortgage Brokers
  9. Green Grass
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    why is this investment loan not tax deductible?

    Thanks Rolf.
    Post by: Green Grass, 29th Jul, 2015 in forum: Loans & Mortgage Brokers
  10. Green Grass
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    why is this investment loan not tax deductible?

    Thanks all. So the ATO does not allow normal IP tax deductions if you stop using your home as a PPOR and use it as an IP with debt against it.
    Post by: Green Grass, 29th Jul, 2015 in forum: Loans & Mortgage Brokers
  11. Green Grass
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    why is this investment loan not tax deductible?

    Sorry Rolf, confused. Is there a way to structure this pre settlement of her PPOR purchase which enables her to keep existing home as an IP and...
    Post by: Green Grass, 29th Jul, 2015 in forum: Loans & Mortgage Brokers
  12. Green Grass
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    why is this investment loan not tax deductible?

    Sorry if I have not been clear. Her new PPOR is contracted but not settled. She is still living in her existing PPOR which has no mortgage and on...
    Post by: Green Grass, 29th Jul, 2015 in forum: Loans & Mortgage Brokers
  13. Green Grass
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    why is this investment loan not tax deductible?

    Thanks Corey, so there are no tax deductions even though her existing property will become an investment property? So she is probably better of...
    Post by: Green Grass, 29th Jul, 2015 in forum: Loans & Mortgage Brokers
  14. Green Grass
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    why is this investment loan not tax deductible?

    My partner has a unit with no mortgage on it as her current PPOR and wants to borrow 80% LVR as an investment loan, tenant the property and buy a...
    Thread by: Green Grass, 29th Jul, 2015, 25 replies, in forum: Loans & Mortgage Brokers