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Thanks again all for the responses.
My investment property (previously PPOR) is currently valued around $750k and I owe $165k.. ( purchased in 2001)
It rents for $660/week. Current PPOR purchased using equity in current IP for $450k. Appreciate your thought on best way to structure loans for best results.
Also, I have heard recently the investing in commercial real estate is a good way to go for higher returns, does anyone have any experience in positive cash flow commercial investments?
Thanks again, really appreciate your replays.
Kylsta :)
Thanks for replies.
I am looking to get my finances sorted initially so I achieve maximum borrowing power. I’ve been told that it is bad to cross collateralise (which is what I currently have done). I have an investment property which was initially my PPR and is now cash flow positive.
So need to work through this before venturing any further…..