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Alex, Thanks for your comments. My Fortnightly after tax income is $1500. I have been paying $500 p/week off current IP mortgage but want to slow these payments down before it becomes positively geared and use some of my $$ on another place. I have been saving a fair bit of $$$ additionally...

Les, Thanks for your comments. Yes - I will ask about a tax variation to keep the money in my pocket and make it easier to pay the loans off week by week. Yes - I got a depreciation report completed on IP1 and have received some good cash returns from this process. At this stage I...

Hi all, I would like your opinions if you think I am ready/able to purchase my 2nd IP... Details: IP1 valued at ~$210000 - currently owe $95000. Looking at IP2 for ~$250000. Have pre-approval for $300000 using 20% deposit from IP1 equity. Monthly repayments for the 3 loans would be a...