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From: Dan D
Hi all,
I need some advice.
The overall goal is to accumulate many IP's over the next 20 years, ultimately sell a few of them to pay off the remaining IP's which would then become my door to financial freedom.
I have two options, that I'm aware of, which I can use to finance my first IP.
1. obtain a 100% loan using the IP and my PPOR as security. What are the pros and cons of this?
2. I use the $26,000 of cash available in my PPOR as a deposit and other purchase costs for the IP. Pros and cons?
Appreciate your comments.
Dan.
Hi all,
I need some advice.
The overall goal is to accumulate many IP's over the next 20 years, ultimately sell a few of them to pay off the remaining IP's which would then become my door to financial freedom.
I have two options, that I'm aware of, which I can use to finance my first IP.
1. obtain a 100% loan using the IP and my PPOR as security. What are the pros and cons of this?
2. I use the $26,000 of cash available in my PPOR as a deposit and other purchase costs for the IP. Pros and cons?
Appreciate your comments.
Dan.
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