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    Desperate situation..please help

    Hi MRO, I can cover the $7Ok loss on Mackay. My thoughts are refinancing my PPOR and covering the loss this way, as both properties are with the same bank. Is this a good strategy?
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    Desperate situation..please help

    Hi JP Cashflow, The property which is the highest risk carries the biggest loss which is Blackwater. I could lose $300 odd K if i do this. Do you think an account can provide an answer to this situation?
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    Desperate situation..please help

    Hi Pinkboy, All the properties are in my name. The Mackay property is bleeding the worse because of all the fees you correctly point out. If I sell this property I will take a $70k loss. What do you suggest? Do you have any news on when coal mining will come back a little? If I were to...
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    Desperate situation..please help

    Hi Perp, yes that is the issue, with rents declining my fear is that once my loans come of Interest Only and if the rates climb then I am in a real bad situation.
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    Desperate situation..please help

    Hi Pinkboy, The agent is 360 property management.
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    Desperate situation..please help

    The Mackay house is located in Eimeo, it was bought as a house land package so it is a newish 4 bed 2 bath 2LUG and aircond house.
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    Desperate situation..please help

    The house in Sydney is my PPOR. The blackwater property has $475k against it and Mackay has $450k against it.
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    Desperate situation..please help

    Some help please... A background, foolishly I bought in Blackwater and Mackay when rents were crazy and out look was bright. Now rents in Blackwater have gone from $950pw, purchase price $495k to now $350pw and an agent told me today if I sold now I would expect $200k as there is zero...
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