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"So if you were to do it now, 2 houses worth 350k = 700k, 80% of that is 560k which means you would need 140k in equity. So you would have to come up with about 50k" Do you need to subtract the current loan of $250K from the $560K gooram calculated that the bank will lend?

Hi Infest, Well done on your initial purchase! Just wondering how you will service the additional loan on new IP? How much are you looking to spend? Sorry :o not sure what you mean when you say 'goals'...do you mean what steps do you need to take to get to the purchasing property...