WA Opinion on the property below!

Discussion in 'Property Analysis' started by Deadmutt, 20th Jan, 2019.

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  1. Rex

    Rex Well-Known Member

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    12th Feb, 2018
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    Location:
    Perth
    If you have cash that you know you will use for a deposit on an IP, at least put it in your PPOR mortgage then redraw it when the time comes to buy. Then this 20% is also tax deductible. This is a bit of an oversimplification, there are pitfalls to manage (mixing loans, etc) so run this past your broker and accountant before doing it, but that's the general idea.
     
    Rex, 21st Jan, 2019
    #21
    Deadmutt likes this.
  2. Jess Peletier

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

    Joined:
    18th Jun, 2015
    Posts:
    6,682
    Location:
    Perth WA + Buderim Qld
    Please also don't cross secure the loans - it's a really common way to structure it, but it's really crap. Do a search of the forums - there's lots of good posts about the risks involved.
     
    Jess Peletier, 22nd Jan, 2019
    #22
    Deadmutt likes this.
  3. theperthurbanist

    theperthurbanist Well-Known Member

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    5th Aug, 2016
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    Perth
    :p

    Love it @Westminster
     
    theperthurbanist, 7th Feb, 2019
    #23
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