When should you use Interest Only Loans? (Pros & Cons)

Chatting about interest only loans and how you can use them to your advantage!
🏠 Looking for a Brisbane Buyers Agent?
Book in a Free Strategy Session: www.purposepro...
🛠️ Find Our Triple Gable Queenslander Renovation episodes here:
• Triple Gable Queenslan...
🎯 Socials
/ purposepropertyaus
/ purposepropertyaus
/ _lukewiles
🎬 Videos
BRISBANE AUCTIONS | • BRISBANE AUCTION | Pos... & • Attending a Brisbane A...
BRISBANE PROPERTY BOOM | 5 suburbs for massive growth in 2021: • BRISBANE PROPERTY BOOM...
EMPTY HOUSE TOUR | Our Triple Gable Queenslander Episode 1 | Renovation Series: • EMPTY HOUSE TOUR | 192...
HOUSING BOOM OR MARKET CRASH? | Australian property market 2021:
• HOUSING BOOM OR MARKET...
🔎 Disclaimer
No Legal, Financial & Taxation Advice
The Listener acknowledges and agrees that:
Any information provided by us is provided as general information and for general information purposes only. We have not taken the Listeners’ personal and financial circumstances into account when providing information. We must not and have not provided legal, financial or taxation advice to the Listener. The information provided must be verified by the Listener prior to the Listener acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener’s accountant. The information may not be suitable or applicable to the Listener’s individual circumstances. We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, and we have not provided financial services to the Listener.

[@Wanilcho28]

Thanks bro, Would love to have a chat with you!! I just bought a 2 investment property, 1 is priciple and interest and the 2nd is interest only. This is the answered i was looking for!! Hear from you soon! Thanks

[@LJLancaster]

the videos i've been waiting for. Thanks dude!!

[@ronalvalerio1195]

Thank you for the video

[@BlakeWheelersBurnerAccount]

The answer: never

[@JuneJuneyJunJune]

If you fully offset the amount in an I/O loan, does interest repayments goes to $zero?

[@cenriquez101]

Nice video! I have an OO and planning to use the equity to purchase our 1st investment property. If I plan to expand my portfolio, would you recommend interest only for my first IP or PI?

[@lukewiles1]

IO FOR IP :)

[@tref7981]

Interest only means the home will never be paid out. Why would you want that??

[@lukewiles1]

Park all the money in the offset and have more choices

[@BlakeWheelersBurnerAccount]

Have you seen how much interest they charge on mortgages? The warning is literally in the name, interest only, aka money you pay that straight up is gone for forever.