“We use $200,000 to pay down the home loan… then we take out a $200,000 loan and use that to invest… that $200,000 loan becomes tax deductible”
AG
Aidan Gullman
Financial Autonomy ·
“The debt stays the same. The loan has never been paid off. There are ways out there that people are doing this.”
Ravi Sharma · Personal Finance with Ravi Sharma | Australian Finance & Property Podcast · Use Equity To Grow Your Property Portfolio Faster!
Play from 9:33
9:33
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
Assert that you should not focus on paying down the loan principal while building a property portfolio
Said nearby on the same subject
“So now we come down to the one property portfolio, we're going to assume you're putting a 10% deposit down. So $65,000 worth of deposit, we've got $585,000 worth of debt. Now to do something like this, you would need about $130,000.”
♫
Said on Personal Finance with Ravi Sharma | Australian Finance & Property Podcast
“Number two would be paying principal and interest repayments on your tax-deductible debt when you also have owner-occupied debt… preserve that, don’t pay it off”
PN
Pat Noll
Equity Mates Investing Podcast ·
“Re-amortizing your loan back over a 30-year term ... you’re going to pay more interest over the 30 years, right? ... reduce your repayments down”
PN
Pat Noll
Equity Mates Investing Podcast ·
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