Recent content by krh83

Hi guys, thanks for all your replies! I am so thankful to have this forum to bounce ideas off and avoid costly mistakes! Since Saturday I have been in touch with Aaron one of the brokers that posts on this site so he's been very helpful. He's on the job and things sound promising. Currently all...

So I recently contacted mortgage choice and the broker came up with this: Leave ips 2 and 3 as is. Move loan for ip1 to new lender with the new ppor (purchase price $700k) I think his scenario cross collateralises the properties with the total loan of $1,055,758 (inc $22,824 of lmi...

Whoops, no I missed a zero on both; ip#1. $21000/annum; ip#2 $20000/annum. Thanks guys, sounds promising. So will the equity on these properties reduce the loan amount of the ppor? Or will they just be security and we will still be up to payoff a loan 85% of the value of the ppor?

We have about $60k saved so far, hoping to have at least $100k for deposit by the time we're ready to buy. Lvr around 85% I guess.

Hi, just wondering if our dream is feasible! Could someone please help me figure this one out!! We are currently renting and have bought 3 IPs over the past 6 years. We are slowly outgrowing our rental property and would like to buy something bigger, hopefully in a nearby suburb. Our plan...