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Depends who decides the serviceability! If someone is nice enough to give us a loan for $100k, we'll end up with around $280pw in payments for all three loans combined, and $330pw (or more than $400pw if I rent one house out furnished) rent incoming. Unfortunately for the next few months...

I paid $25,000, $65,000 and $10,000 for those three properties and will need to cough up another $110,000 soon to complete the third. That's a debt of $220k that will get me loosely $16-22k rent per annum - near paying for themselves at current interest rates. Their combined value in this...

You know, we're just assuming too ... the broker we talked to didn't even ask our income. With rent from the other house we'd be sitting at about $70k gross household income, 3 dependants, $260k of assets securing $140k of IP debt from one bank, and needing $80-90k debt to buy a $250-300k PPoR...

We have the same problem, and at this exact moment (I'm 38 weeks pregnant and not doing anything besides sitting around) we genuinely cannot service anything anyway and it is a struggle to save anything. Fast forward a few months we'll be fine BUT - worst case scenario it'll be 3 properties...