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  1. Terry_w

    Using equity from three IP's as deposit for IP#4

    It is not about being forced to sell. Did you realise if you stopped working and had to sell a property to get funds to live on perhaps, the lender will need to value the remaining properties and then you would need to maintain an adequate LVR on this property, which may entail paying down the...
  2. Terry_w

    Using equity from three IP's as deposit for IP#4

    What if you lose your job and need to sell a property? Why didn't you do it without crossing?
  3. Terry_w

    Using equity from three IP's as deposit for IP#4

    I had one loan client increasing loans by small portions such as $8k. She used the funds for deposits and has done well out of it now - but now you have to consider if prices will keep rising in the near future. Depends mainly on where the properties are I guess.
  4. Terry_w

    Using equity from three IP's as deposit for IP#4

    Yes you can. A bit messy but your only alternative may be just wait for more to build up. No need to refinance, just make sure you get a separate loan split on each. You could have one loan of $60k but this would involve cross collateralising the loans - 3 securities for one loan - which you...
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