“Offset account… loan limit minus what you've got in your offset account… $500,000 loan, $100,000 in savings… charged interest on $400,000”
PN
Pat Noll
Equity Mates Investing Podcast ·
“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”
Aidan Gullman · Financial Autonomy · Debt Recycling: Could You Use Your Mortgage to Build Wealth Faster?
Play from 9:10
9:10
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What was described
Use $200,000 in the offset account to pay down the home loan, then redraw $200,000 as a new loan for investment
$200,000
Said nearby on the same subject
“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 ·
“For non-deductible home loan portion, an offset is generally preferred over relying on a redraw precisely because it avoids any risk of mixing funds”
AG
Aidan Gullman
Financial Autonomy ·
“‘if I repay $50,000 off my home loan, I go to the bank and can have a separate loan for $50,000… debt recycling’”
SW
Stuart Weems
The Money Puzzle ·
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