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Thanks for the advice to all who replied.
We owe $95k on the I/P at the moment and if we sell should clear about $80-85k
as we don’t have the income at the moment to service another loan i think we only have 2 choices.
(a): keep the I/P and try to get by, then as my business picks up and starts to provide a decent income use the equity in the I.P to buy some more I/P’s and renovate our home bit by bit.
(b): sell the I/P ,renovate our home then use the equity in our home to purchase I/P’s.is it better to use equity in an I/P to buy more or does it not matter where the equity comes from?
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