OK thanks so far to all. Let me see if I get this straight… re-mortgage free up some equity, say 170K as per the example. This may provide approx 136K (80%) for new props. So good so far…

Now I need to find some IPs, and borrow effectively the rest as well and then get a rental return to cover ALL the costs? This still seems over the top as rentals have not kept pace with IP prices. If you get rent of around 280pw it’s close to a 300K prop… not 150K!

However I also have some cash in the bank… say 140K, how would I then spread these funds; from equity and cash to make myself some +CF and growth (fingers crossed…?)

Eddiej in SA