Correct strategy? High or low LVR dilemma.

Interesting. I am desperately trying to think outside the square.

How does anyone know where the money comes from though?
Do you declare at tax time that the deposit, say of 50k, is a non deductible portion of my interests paid on the whole home loan?

 

Could you borrow money from someone else and refinance it later.

 

........ my wife...?
I've read your link on spousal loans. Very interesting.
She is not working at the moment either.
The property is going in her name (as all the cashflow IPs are), but loan is in both.
We have joint bank accounts. Joint offset were OUR savings are. Would that be an issue?

 

It certainly would - you can't borrow your own money.

 

Hah ha.....yeah, fair enough. Guess completely separate bank accounts is the way to go.

As it happens I might now have the time to have IP1 valued and to take the equity out of that to put towards the deposit.