I am after a bit of advise here as I am quite new to the investing game and don't know what my next step will be.
I purchased my first IP close to 3 years ago and rented it out to the near point of it being + geared with an 8% annual growth. Since then I was able to acquire enough equity in that IP to purchase my second property (August this year) which I am now living in.
I feel have been stretched to the limit in terms of borrowing finance and even though I am happy, I would like to figure out a way in which I can purchase a third property in the near future
Please help as I am a little stuck
I purchased my first IP close to 3 years ago and rented it out to the near point of it being + geared with an 8% annual growth. Since then I was able to acquire enough equity in that IP to purchase my second property (August this year) which I am now living in.
I feel have been stretched to the limit in terms of borrowing finance and even though I am happy, I would like to figure out a way in which I can purchase a third property in the near future
Please help as I am a little stuck