Hi Guys,
i am finishing up my 6months FHOB and heading back home and i'm thinking ahead when can i get my next IP?
current situation
purchased a house on 98% LVR 6months ago purchased a house $281K 5.1%
Rent will be $300 per week - $1200 month
Property management cost per month 5.5%
IO Loan - approx $1100-1200 per month repayments
based on the info what could i afford? is rent included in serviceability? i am out of pocket about $1840 costs per month leavin me $2100 to live on.
roughly how much deposit including costs will i need to satisfy 90%
i am finishing up my 6months FHOB and heading back home and i'm thinking ahead when can i get my next IP?
current situation
purchased a house on 98% LVR 6months ago purchased a house $281K 5.1%
Rent will be $300 per week - $1200 month
Property management cost per month 5.5%
IO Loan - approx $1100-1200 per month repayments
based on the info what could i afford? is rent included in serviceability? i am out of pocket about $1840 costs per month leavin me $2100 to live on.
roughly how much deposit including costs will i need to satisfy 90%
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