just after some advice as to the best option a little back ground first aiming to buy first IP own PPOR nil debt earn $800 a week ater tax $200 000 loan required to buy IP
1. use rent from IP which will be $250 a week plus $300 a week of my wage to repay loan or
2. use rent $250 plus X amount of my wage to meet minimum loan re payments
which option would you choose and reason. thanks
1. use rent from IP which will be $250 a week plus $300 a week of my wage to repay loan or
2. use rent $250 plus X amount of my wage to meet minimum loan re payments
which option would you choose and reason. thanks