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Thanks for the reply, I've decided to do some more homework in my own time for the remainder of my degree, (Another 2 years.) When I can earn some more money I'll sell up and split the money with my sister so I can do what I want with it - because you guys are right, things turn bad...

We are happy to share the house at the present time. There is more than enough room and we don't hate each other after a year. I'm a student, so while I'm not a high earner now I definately have the potential to be in a few years - same with my sister, she's in a graduate position. But I've...

Thanks mate, I'm a second year engineering student. It's good to see stuff in numbers on here :D So if it would cost you 6k per year at the moment, in this example, how would people be making money on this? Short of selling the house for more of course.

Thanks for the replies guys, I'm not currently earning a whole lot of money, say 30,000 p.a, and I'm wondering about what you guys mean when you say 'What you could afford.' Because I'm not sure I could afford a $300,000 loan, Also if I wanted to do this by myself I am sure I could take out...

What portion of the loan repayments are usually serviced by rental income? I mean, what would stop us from using this money as a deposit for 5 different investment properties if the majority of the loan repayments would be paid via rental income? Again, I'm sorry - I'm a complete beginner...

So anything on being able to afford the new repayments to the loan? I'm seriously new with this.

I can talk her into things pretty easily. I more just want to know our options, granted that is one. But is it possible to do what I'm talking about?

Hi, first I'll give you some background information. Last year my sister and I both inherited a house to share. I'm not going to specify where this house is, but we recently had it valued for 300k. The amount owing on the mortgage is just shy of $80,000. Now I'm not a stupid person, I know...