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Source of funds to pay for spruce up

Discussion in 'The Buying & Selling Process' started by Amaroo, 30th Apr, 2016.

  1. Amaroo

    Amaroo Member

    Joined:
    18th Jun, 2015
    Posts:
    8
    Location:
    Sydney
    We have no personal debt and have put an offer on our 4th and maybe final IP. It needs re-carpeting and re-painting of the three kaleidoscope-coloured bedrooms.
    My other half wants to use our offset money (attached to an investment loan) for this to start addressing some debt; I would prefer to use money from our LOC.
    Any thoughts?
    Thanks
     
  2. Hodor

    Hodor Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    738
    Location:
    Homeless
    Do you have any non deductible debt?
     
  3. Amaroo

    Amaroo Member

    Joined:
    18th Jun, 2015
    Posts:
    8
    Location:
    Sydney
    No Hodor. All of our debt is investment loan debt.