Me to Danish – the advice I have is similar to what yr getting here. Too much personal debt meaning poor tax deductability and my none working wife on the title. Badly structured so beware.
My portfolio is like yrs:
PPOR $690k – IO loan $412k equity $ 278k I pay $2500
Renter @ $450 – IO loan $270k equity $180k rent $1388pmpay$1576
Renter @ $340 – IO loan $170k equity $170k rent $866pm pay $1069
Equity $628. Wage is $4230 net mnth and I am told I can only borrow additional $170k…..so I can’t buy much with that. To sell renters is to invite CGT for sure so if anyone can give you advice to relieve you, it may work for me.
There is strong evidence I can get $700pw for my house and live in my caravan…………maybe ???
Am trying to get a place in RESULTS Course for mentoring……….
Also my first post – thanks all, great info
Cheers –