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Good read – thanks for that.
Was recommended this group by Chris – glad he did!
MelbourneExperts | Melbourne Finance Experts
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considering the costs of selling – I think getting a firm understanding of the cost to fix the unit is well worth it. Worst case you have the figures in case a buyer wants to know so they’re less likely to give a random low ball.
Hope this helps.
Mark
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Organise a new loan split on the PPOR for 20%+ purchase costs, then borrow the residual 80% against the new purchase.
Or if you have the equity and plan to make multiple purchases, borrow out via a separate split as much as you can up to 80% LVR on the PPOR, then you can draw from this via this as needed for the purchases. Ideally use a lender which will allow you to split the loan account without application for the best use.
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