I’m 30 years old and own two investment properties in Northern NSW. The first now worth 320K (100K owing, rented for $310/wk), the second also worth 320K (190K owing, rented for 230/wk). So I have equity of 350k. I bought both of these properties having no idea what I was doing but just happened to get lucky and am now wondering if I should keep going. I would like to buy a property in Sydney. My income is 58K.
Any advice would be greatly appreciated!!you certainly have the equity and most lenders will accept 70% of the rental income as part of the servicing. It would be best to have the whole scenario reviewed for proper structure feel free to contact me If you would like some assistance with this
Wayne
Mortgage Adviser
Email [email protected]
http://www.alphamortgagesolutions.com.au
Refinace, Loan Consolidation, Owner Occupied or Investment Finance. Free Service we come to you!
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