Hi all,
I have 4 IPs now with following structures:
1) WA - loan $360K - estimated value $420K - IO Fixed for 3 yrs at 4.84%
2) NSW - loan $410K - estimated value $520K - IO Variable around 5.16%
3) NSW - split loan -
(i) $185K P+I, fixed at 4.84% for 3 years
(ii) $260K IO, variable at 5.16%
4) QLD - loan $295K, estimated value $370K, IO Variable at 5.6%
I'm highly geared and a high risk taker. Aim is to achieve financial freedom as soon as practically possible.
- Is this a very bad loan structure? Should I always have left a little bit at variable, so that I could refinance? Would you consider selling or refinancing and pulling out all equity?
- Bit scary without a safety buffer to be honest....advice please!
Any suggestions please?
I have 4 IPs now with following structures:
1) WA - loan $360K - estimated value $420K - IO Fixed for 3 yrs at 4.84%
2) NSW - loan $410K - estimated value $520K - IO Variable around 5.16%
3) NSW - split loan -
(i) $185K P+I, fixed at 4.84% for 3 years
(ii) $260K IO, variable at 5.16%
4) QLD - loan $295K, estimated value $370K, IO Variable at 5.6%
I'm highly geared and a high risk taker. Aim is to achieve financial freedom as soon as practically possible.
- Is this a very bad loan structure? Should I always have left a little bit at variable, so that I could refinance? Would you consider selling or refinancing and pulling out all equity?
- Bit scary without a safety buffer to be honest....advice please!
Any suggestions please?
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