Question. My partner and I have a PPOR that we owe $224,000 on and I estimate ( going on onther sales in the street) the house is now worth approx $330,000 giving us approx $106,000 equity. Our delemia is that we owe approx $26,000 in c/c's + a personal loan.
We would like to buy an IP so what sugg do u guys have with this situation. Should we refinance and payout c/c's/ personal loan + but a cheap IP .or
2. Should we sell house, pay debts +buy a new PPOR + IP ( depending on what our borrowing power is )??????
We would like to buy an IP so what sugg do u guys have with this situation. Should we refinance and payout c/c's/ personal loan + but a cheap IP .or
2. Should we sell house, pay debts +buy a new PPOR + IP ( depending on what our borrowing power is )??????