Thank you.
@Terry_w - what if split ppor loan to release equity say 20k yo a new loan with the purpose of renovation but change mind and use those funds for...
Thanks Terry for replying. Yes, no selling of shares involved. I will fill out the form and see how this goes with NAB.
Need some inputs as I couldn't get this info from NAB Equity builder team 1. I have a split loan set up in 2021 to access equity from my PPOR and...
Thank you. I now understand.Would it then make sense then to borrow under my name and get the tax benefits.In what scenarios would it make sense...
Thanks Terry. Can I ask you how the negative gearing works under the trust ? Eg: dividends received $800 but interest incurred is say $1000.
Hi Terry Can you please write about the loans to trust and tax deductibility.I have gone through the tax tips but couldn't figure out how the...
Thanks Terry. As usual, you put people in the right direction. Really appreciate your time. Regards
Thank you. I will look into this.
Coming to my situation, I did an equity release of 100k from my PPOR to fund 20% deposit for an IP. This 100k is secured by my PPOR. The...
Thanks Terry..will convey the same to him.
Thanks Terry. So I understand he should do this ? "Ask the bank to first split the Loan A 300k into two loans Loan A 250k, Loan B 50k with redraw...
Hi all, Asking this for a friend regarding debt recycling as he asked for my inputs and I want to give him the correct opinion. He wants to do...
Planning to buy property of 690k. 150k contribution is from equity release of existing properties. 540k is new loan. So all the money will be used...
Thanks Rolf for the great inputs. I have 80k in offset. (50k for immediate debt recycling and 30k for emergencies.) With the idea you provided...
I will.. thank you. Before approaching someone, I would like to get some understanding on how this ML works. If I can do the splits after...
The idea was not to mix personal money in the offsets, so thought of having 2 more offsets purely to redraw the money from loans and then to...
I will be getting new loan of 690 ( 150k equity from existing properties + 540 new loan ) and this be used for ONE property. All non deductible as...
Thanks Terry.. I keenly follow your tax tips which is wealth of information.I will check with AMP again on the LOC with 10k limit. Thank you for...
Hi I am planning to refinance and seriously considering AMP as I plan to implement debt recycling. I would like to get your views if the below...
Separate names with a comma.