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Rolf, You got it in one. You've eased my mind a little. Thanks

So a bit of an update; I've managed to get the following Purchase price: $571,000 Deposit: $50,000 Stamp Duty: $20,000 LMI: $20,000 (round figures) Total borrowed amount: $562,950 which is actually a total LVR of 98.59% Return: $700 p/w I'm trying to wrap my head around...

What can I do with the joint ownership? I am familiar with the way the bank assesses it :( No non deductible debt & there's around 140k equity that I can draw down against with my brothers consent.

Hey everyone, I've been a long time lurker and have unfortunitley allow work to get the better of my over the last few years. Anyhow, I've initiated my 'get out of the rat race' strategy and purchased a investment property yesterday. I just wanted to float my current strategy and get some...