Hello property investors :)

Discussion in 'Introductions' started by StephenB, 15th Dec, 2015.

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  1. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,685
    Location:
    Perth WA + Buderim Qld
    If you want to get a LOC, get a broker to order a valuation (won't cost you anything) and run servicing for you to see how much you can get. They can untangle to x-coll at the same time as applying for the LOC.

    If you have cash that you're planning to use for an IP purchase, you'd be best off paying down your PPOR and drawing a bigger LOC - the end debt is the same, but all the funds used for your deposit will be deductible.
     
    Jess Peletier, 16th Dec, 2015
    #21
  2. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Good stuff.
    Important to get a decent overview of different strategies and start to develop your own that you're comfortable with.
     
    Azazel, 16th Dec, 2015
    #22
    StephenB likes this.
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