Search results

Agreed. The intention was to find a place that needed a little work, and get that work done in the 6 months we lived in there to ensure maximum rental return. Will have to look more into the 6 year rule - sounds like it could be useful. Thanks again...

Thanks Terry - great point about not mixing the loans. I should have been more clear for Option C - what I meant was that I could rent somewhere different altogether, whilst the extensions are completed and with a tenant in the IP...

Thanks - I also think Option A looks best. I particularly like that I could draw back down on the equity easily enough to fund additional IPs... Appreciate your input. dwnlh

Hi All, First time poster here - I've been browsing the forums for the last year or so, but am now at the point where I'm hoping to benefit from more specific advice from all of you! Current situation is as follows: 1) PPOR - owned outright. Purchased three years ago for $385k, current...