Hi all. I assume the following has happened to others.
I am in the accumulation phase with small loan on my PPOR but 90% LVR when including my two IP,s. (equity loan )
The third soon to be built should have around 70-80% LVR.
Now my IPs are in central town and my medium term goal is to buy a PPOR in this area.
Now problem is I'm finding great potential properties that I would love to start my family in( 4 months to go). Issue is I can't upgrade because all equity is tied to IPs
So what do you do. Stay the path get some growth in your properties and upgrade later.
Do you sell an ip before a growth phase to raise the funds to jump earlier ???
I'm very interested in what people during accumulation/ high LVR have done when a PPOR upgrade has tempted them.
I am in the accumulation phase with small loan on my PPOR but 90% LVR when including my two IP,s. (equity loan )
The third soon to be built should have around 70-80% LVR.
Now my IPs are in central town and my medium term goal is to buy a PPOR in this area.
Now problem is I'm finding great potential properties that I would love to start my family in( 4 months to go). Issue is I can't upgrade because all equity is tied to IPs
So what do you do. Stay the path get some growth in your properties and upgrade later.
Do you sell an ip before a growth phase to raise the funds to jump earlier ???
I'm very interested in what people during accumulation/ high LVR have done when a PPOR upgrade has tempted them.