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You are right. I should meet one to discuss it. My current mortgage broker is not a investor himself and don't think he can guide me through this.

Reviving my old thread after reading "At what age do you plan to be financially free?" thread. I was wondering with the current low income and the mortgages, will I be able to be financially free ever? I have one IP that is almost neutrally geared. I have manufactured some capital growth...

I was thinking on those lines as well. Thanks for the responses peeps.

Both in Girraween, 2145

You are right and thence the P&I in the first place. But due to a situation change and plan to make it an IP, I changed loan to IO

At current savings, not more than 4 months. In worst case scenario, I have a backup source that will last me >24 months, but I hope I never use it

PPOR: ATM it is 1146 fortnightly. It will change to 1980 pm after IO. IP: 1500 pm Other expenses are the normal council ad water rates @ approx 1200/year each.

Yes, I have already paid LMI when buying both PPOR and IP

Current lender for both PPOR and IP: ANZ I have initiated a change request to IO. It would be changed soon.

I WISH to buy another IP by end of this year. But, due to changes in the financial situation, my chances look grim. My current single income 63K. Wife was made redundant in Nov last year and still looking for a job. We have a 3yo daughter. I bought my first PPOR in 2011 and first IP end of...