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Ppor question.

Discussion in 'Property Finance' started by Doors, 28th Oct, 2015.

  1. Doors

    Doors New Member

    Joined:
    28th Oct, 2015
    Posts:
    2
    Location:
    NSW
    Hi all,
    Just after some advice, I have been burnt a couple of times by spruikers in the past and don't want to be done again. Anyway my question is in relation to ppor residence. If for example I owned $250,000 on a $500,000 property and wanted to at some stage turn it into an investment property could I borrow up to say 80% ie $400,000 and park the money in offset and then when it comes time later down the track claim the $400,000 instead of the $250,000 originally and use the offest to purchase a new ppor. I have had some advice and some say I can others say I can't. Don't want to do anything wrong. Ps. New to the site so not 100% sure if this is posted in write forum. Sorry if it isn't.
    Cheers
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

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    13th Jun, 2015
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    Adelaide, SA
  3. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    18th Jun, 2015
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    Location:
    Perth WA