Steevg, i will send you a PM of someone that helped me muchly in using equity from my PPOR to buy a investment property. he was simply fantastic.

sure you could buy a house for a dollar…… your ongoing costs will probably be aweful though

for the couple of hundred (i have a unit one front and one rear door) i replaced the locks. this also gave me a opportunity to get 4 sets of keys (2 for Tennant, 1 for PM, one for me.) its all tax deductible so im happy as everyone has a key, tennats are secure and happy and PM's have a key also.

interesting to see this post, and the replys.
i really hope you stick up for yourself and i'm keen to see the outcome of this request, if you dont mind coming back and sharing!

thank you all for your kind comments.

after a few sleeps and reading i understand that it makes sense to have all necessary loan amounts on my IP and put any spare funds towards my PPOR

i will question the broker to investigate the LMI fee as if i dont have to pay it great!

PS the partner going in with me is long time GF (7yrs) . she cannot…[Read more]