“Loan split… $500,000 non-deductible home loan… put $100,000 into the loan, split it into $400,000 or $100,000 and then go invest $100,000 in shares”
PN
Pat Noll
Equity Mates Investing Podcast ·
“I would prefer to kind of only action maybe $40,000 or $50,000 at a time. Plenty of banks allow loan splits of $10,000 or $20,000.”
James Phelan · Australian Finance Podcast · Debt recycling explained: the loan split, tax traps and real risks | Owen Rask & James Phelan
Play from 16:59
16:59
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What was described
suggest starting debt-recycling with $40,000-$50,000 chunks because banks allow loan splits as low as $10,000-$20,000
$40,000-$50,000 preferred, $10,000-$20,000 minimum split possible
Said nearby on the same subject
“Debt recycling… $500,000 non-deductible mortgage, got 50K in savings… split it… now $450,000 and $50,000 and then go invest the 50K into shares… now you have $450,000 non-deductible debt and 50,000 tax deductible debt”
PN
Pat Noll
Equity Mates Investing Podcast ·
“The difference between spending $50,000 and $40,000 a year as a budget comes down to child care because I spent $10,000 to $12,000 a year on child care while I was working.”
♫
Said on The Financial Independence Show
“I could take the $100,000 of cash, put it onto my mortgage, therefore it is a $400,000 mortgage. Then I go back to the bank and I say, hey, give me that $100,000 back. And they put it back in my account as a separate loan.”
JP
James Phelan
Australian Finance Podcast ·
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