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Yep, I fully intend to occupy the unit when the current tenant's lease expires in July, but that's a good fall-back measure if needed. Thanks Rolf! I'm just worried that I won't want to leave..lol. I used to rent in this building which is what got me thinking about buying an IP in the first...

Um, the LVR is already at 34% as in my previous post. Should it be LOWER than that??

Hi Glenn Thanks for your detailed reply. Firstly, my business partner is a REAL biz partner not related to me. He is a very good friend who invested some money in my (now failed) business last year, and we are now helping each other get into the property market. He has the huge income/cash...

I am a first time IP purchaser, and I am concerned about getting finance. I live at home and pay $38 a week rent in an inner Sydney suburb. As a part-time uni student, I have only a limited earning capacity. The properties I am looking to buy are all positively geared so the tenant will...