Dear All,
I feel the need to buy another IP and have felt this way since buying my last IP which is now our PPOR. I was hoping to get some advice after crunching some figures on whether you think acquiring another IP is something we could really afford?
1st property worth $300k loan of $211K with $44K in offset rent $300 week positively geared approx $400 a month with yearly expenses included
2nd property worth $460K with $389K loan and $40K in offset PPOR
Combined income $135K net
No other loans and approx $1000 left every month after every single expense (yearly,bills,weekly expenses.....)
No kids, just married.
What advice would someone offer in terms of throwing around equity to obtain a third property?
FHOG out of the question. AND I HATE STAMP DUTY
I am keen on capital growth. Should I be even looking at $550K $600K properties or am I dreaming?
I guess moving out of mummy and daddys house last month has put a lot doubt in my mind. Seemed so easy before with everything paid for hheheheehehe thanks mum and dad.
I feel the need to buy another IP and have felt this way since buying my last IP which is now our PPOR. I was hoping to get some advice after crunching some figures on whether you think acquiring another IP is something we could really afford?
1st property worth $300k loan of $211K with $44K in offset rent $300 week positively geared approx $400 a month with yearly expenses included
2nd property worth $460K with $389K loan and $40K in offset PPOR
Combined income $135K net
No other loans and approx $1000 left every month after every single expense (yearly,bills,weekly expenses.....)
No kids, just married.
What advice would someone offer in terms of throwing around equity to obtain a third property?
FHOG out of the question. AND I HATE STAMP DUTY
I am keen on capital growth. Should I be even looking at $550K $600K properties or am I dreaming?
I guess moving out of mummy and daddys house last month has put a lot doubt in my mind. Seemed so easy before with everything paid for hheheheehehe thanks mum and dad.