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  • Profile photo of mattsmatts
    Participant
    @matts
    Join Date: 2012
    Post Count: 5
    August 15, 2012 - 10:52 pm

    Hi richard,
    Thanks for your post. I may have explained myself incorrectly. The mortgage broker didn’t suggest to pay down our loan he just suggested we pay as much as we can for a while and begin our investment journey when we have more equity in our PPOR.

    Profile photo of mattsmatts
    Participant
    @matts
    Join Date: 2012
    Post Count: 5
    August 15, 2012 - 8:52 pm

    Hi everyone,

    Thanks for your input it has really got me thinking.

    At this stage I like the idea of renting out our PPOR and moving into a rental property where we would like to live. Does this makes sense at all as we are paying off someone elses mortgage???

    I have also thought that taking the equity out of our PPOR and putting it into a cheapish IP which would be +cashflow. I'm a bit raw with how this process works so if anyone could give any advice on this that would be great. We have a great mortgage broker but he suggested we pay down as much of our PPOR mortgage before we think of starting to invest in property. Good advice???

    Cheers,

    Matts

    Profile photo of mattsmatts
    Participant
    @matts
    Join Date: 2012
    Post Count: 5
    August 13, 2012 - 11:28 pm

    Hi jacm,
    The house is in grovedale, it’s a suburb of geelong in victoria. It has 3 bedrooms and the backyard would be approximately 10x10m

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