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  1. Propertunity

    Can you use equity for a deposit for an IP without injecting your own cash?

    Well consider paying LMI and ramping up the LVR to 90-95% perhaps?
  2. Propertunity

    Can you use equity for a deposit for an IP without injecting your own cash?

    440,000 x 0.8 - 307,000 = $45,000 You'll need 20% deposit + stamps to avoid LMI = $80K + stamp duty Therefore you'll need, of your own cash, $35K + stamp duty.
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