Hi Yessy,

We were in a similar position a few years ago and were overwhelmed by the prospect of making sure we bought ‘right’. Do you buy in the outer suburbs with good yield, but a likley lower growth, or inner suburbs, with maybe avergae yield, but potential for very good growth.

After many phone calls and meetings, we decided to go with…[Read more]

Hi Terry,

Thanks for your suggestion. We have decided to keep them separate as there’s no real benefit in merging them. Our IPs are currently cross-collateralised, which will be addressed soon too.

Thanks.

Chris

Thanks kindly to the latest posts and suggestions. We saw our lending manager and have taken our cash out of ING and placed it into an offset account. Based on our calculations, this will pretty much make both IPs neutrally geared, a big relief to say the least. The next step we’ve taken is to contact our property manager and discuss rent…[Read more]

Hi v8ghia,

Thanks for your thoughts and reassurances. The suggestions and advice I’ve received has been tremendous. I wish I had come on here sooner than I did, rather than leaving it when things started getting a little out of hand. It appears we have enough cash to offset the interest somewhere to the tune of around $10000 per year, which will…[Read more]

Hi Terryw, and thanks for your suggestions, and to everyone else too. We’ve drawing down from our PPOR loan to service the IP loan the past few months. I don’t like this as we worked so hard to pay off our PPOR. Our cash is in an ING account, providing us with an extra $700 a month in income. My part time job income is only $2200 p/m, so it’s…[Read more]