Hi Paul,I am talking with a current tenant of one of the IP's towards a possible IC. She has been renting it for awhile now and loves the place and would like to buy it. My wife and I have been thinking it might lessen the overall serviceability and allow us to get into the PPOR we are after.  Where could I learn more to ascertain if an IC is a…[Read more]

Hi Paul,From some rough calculations if I were to borrow $1.2 mill at 6.53% it would cost approx $1510/wk to repay. If we continued to live in our residence and were to rent out the $1.2 mill property until we could afford to move in, the current comparable average rent for the property we are looking to buy is approx $900/wk. This means a short…[Read more]