Search results

The property is in Caboolture. It's way under performing and affecting our finances in general. With our plan to upgrade our PPOR, this IP is holding us back. So it seems cutting our losses and regrouping is a better strategy than "hold-and-pray".

Thank you all for your thoughts. Much appreciated. So basically, we to have to come up with the shortfall whether by cash or a new loan (i.e. Personal loan). Will definitely consult our accountant regarding tax deduction eligibility on this scenario. If we default, then LMI can cover it...

Hello Everyone. :) Say I have an IP that I want to sell. Unfortunately, instead of profit, I will incur a loss. Questions: The current tenants are contracted for several months. By selling the property, what will be the implications on my side? Say the loan of the IP is $300K. If the...