HI all,
I'm keen to buy our first IP and not sure how to structure a financial strategy. We owe $168,000 on our PPOR and it's valued at $500,000. We also have about $90,000 cash in savings and a joint income of $115,000 gross yearly. From what I can evaluate, we could afford to buy more than one property but I'm not sure how to go about the finance side of things. Any suggestions would be greatly appreciated.
I'm keen to buy our first IP and not sure how to structure a financial strategy. We owe $168,000 on our PPOR and it's valued at $500,000. We also have about $90,000 cash in savings and a joint income of $115,000 gross yearly. From what I can evaluate, we could afford to buy more than one property but I'm not sure how to go about the finance side of things. Any suggestions would be greatly appreciated.