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I am renting at the moment, have 1 IP and looking for a 2nd very shortly :D

Would have to talk with your lender, should be able to sort out a deal if you stayed with them for the 2nd IP. However I havent been in that situation so if anyone else out there could please expand as I may well be in the same boat as Kim shortly by fixing and looking at a 2nd IP in early 09....

Nice looking at refinancing very shortly... Bring on the cash flow pos... and maybe my 2nd IP :) :)