Thanks for the reply Richard. Always appreciate your knowledgeable comments. Just to expand a bit further, I also have enough cash in my savings acoount to fund the 20% deposit on both properties so i don't need to use the LOC to fund the deposit. However, my plan was to use the LOC to fund the full purchase or the 20% deposit and then dump my ca…[Read more]

Hi Guys, Thanks for the replies. Richard, since Terry is no longer taking any clients, I was hoping to contact you but noticed you have a Queensland number. Would this be a problem having a MB in a different state to where I am looking to purchase property?Thanks.