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Hi Thanks Rolf and Gools for the replies. I actually just received an article from Bill Zeng. http://info.investorsdirect.com.au/rp//417/Content.clsp?ContentId=500000135 that is in relation to this type of problem. Overcoming serviceability issues to obtain finance in the current market...

My situation is this. IP1.....Current Val $541k Loan..$344k Rent $440pw IP2....Current Val $371k Loan $210k Loc $50k Total #260k Rent $330pw Interest only loans at 6.71%. My wages $55000 I rent $260pw. Both Mortgages are with ANZ. My Problem: Bank says i have...

Hi all Given the information as disclosed, any one have any creative ideas how i can get this equity. If no replies i guess nothing further to add and i thankyou all for your contributions. SG

Hi all Thankyou all for your replies and i understand all your perspectives. I had been reasonably careful with setting up LOCs and making sure there was plenty of buffer. Without the stock market losses i was with reasonably low LVRs around 55%. With the stock market losses it has...

Hi all Thanks for your replies much appreciated at this time. Rolf Yes i have been looking at what to do in addition to what i'm currently doing. Small business i am not too sure as what to get into as you hear of so many not travelling too well. Im sure there are those that are doing...

Hi all Thought i would update: My income is from wages My rents get basically swallowed up with interest and expenses of IPs. My current interest rate is 6.71%. Have had quite a few issues with properties. plumbing, tiles falling off, locks not working. Its amazing i lived in...

Hi Thankyou all for your constructive replies and some real options to consider. all the best SG

Thankyou for the replies. I have income. If i wanted to move forward as in buying another property my borrowing is limited according to my broker as i have come to my maximum borrowing capacity. I currently rent myself so no PPOR. My debt has increased due to the GFC1 as i indicated...

Hi everyone Not sure if someone can give me their view on how i should handle my current situation. I am getting a bit concerned that i just can't seem to get ahead even though i have a couple of IPs. I got caught up in GFC1 and this blew my debt out and of course my equity use. Right...