All Topics / Hotch Potch / have i made the right decision??

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  • Profile photo of KristineKristine
    Member
    @kristine
    Join Date: 2003
    Post Count: 100

    At this point in time i cant get a loan for 80% 20% for my 1st investment property because i do not have enough equity in my PPOR…i have decided to do some renovations on PPOR with money that i had saved for investment property Am i doing the correct thing or do you think i should jump strait into the investment game and pay mortgage insurance or wait 3 to 4 months and do renos???

    Profile photo of The DIY Dog WashThe DIY Dog Wash
    Member
    @the-diy-dog-wash
    Join Date: 2003
    Post Count: 696

    Kris

    Have you identified any properties and crunched the numbers using LMI? This might help you to work things out.

    I will send you an attachment by email to look at.

    Cheers
    LeighK[:D]

    Carve your own path and lead the way …

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Kristine

    If you would like to email me some quick figures happy to give you a second opinion.

    Cheers Richard
    [email protected]
    http://www.fhog.com.au

    There is no such thing as a problem.
    Just a solution waiting to be found

    Richard Taylor | Australia's leading private lender

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