Thanks Terryw nice concise answer. It is just a frustrating process at the moment.

Yeah that's what my wife thought as well. Thanks for that. 

Fox House

Change my circumstances did. At the time pre (GFC) a fixed rate gave me the security to budget what money we had. It seemed every time I blinked the rate had moved north. The decision to fix was based on a presumption, "What if?" Never thought that it would happen but "What if?" did happen 6 months into the loan.  So be mindful, security has a…[Read more]

Jamie M wrote:
Which lender is this with? 

How much is your current loan? 

What is the estimate purchase price of your IP? 

Option 3 sounds like your best option – but hard to comment on the info provided on whether a new lender for your IP is best.

Why they would even suggest option 1 is beyond me…..

Cheers

Jamie

This was just an…[Read more]

What I want to avoid is cross securitisation. Using the equity in my PPOR to facilitate the purchasing costs and deposit for IP only and any other IP related expenses. Doesn't that help me at tax time? Keep the streams separate for accounting and taxation purposes.
I don't understand your comment,
 "You need to certainly open a separate facility…[Read more]

Wow, thank you for the responses. The dream to be retired sooner rather than later was inspired by Steve’s book 0-130 properties 6-7years ago (pre GFC), which we still read. As for the “professional advisor”, we did ask of his personal experience to which he replied, “Yes, 4 or 5 IP’s but sold them off to buy accounting practices. We asked, “Why?”…[Read more]