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Jamie - thanks for explaining. Had never heard of an equity release before. Thanks Terry for your reply as well. I guess I'll need to talk to a financial person to discuss options including LOC

Not quite sure I follow. Are you saying that if we were to buy an IP, we should: - keep our current P&I loan - get an IO loan for the IP (not sure what you mean by 'cover the dsposit/costs' I take it this is to maxmise tax deductions ? I read somewhere that it's best to maximise tax...

Hello, At a friends place and they were discussing IPs which my wife and I had not really considered before. So doing some basic research to see if it is currently feasible. Investing goals would be to hold long term with the view to eventually build a cashflow +ve portfolio. ie) not very...