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Thanks Terry. Yep. I meant useable equity. There is probably more than $20k useable equity in each of the three IP's.. I just used the $20K number as an example. I agree. I will probably wait for more equity to build up.. I was just interested to know if this strategy is possible. Has...

I have 3 IP's with quite high LVR. Say I refinance all three of the IP's, and I can release ~ 20K equity from each IP. example: IP#1 : equity $20K IP#2 : equity $20K IP#3 : equity $20K Am I able to use the combined funds (i,e $60K) as a deposit for IP # 4? Is this strategy OK, or...