When I was in a similar position I took advantage of the 0% Balance Transfer for 6 months and found it much easier to pay off the debt when you can see it actually dropping. After the 6 months finished I transferred it to another and then again another. This was the only way I was able to pay off my 12k debt. There isn’t as many these days that offer it but off the top of my head I know ANZ and Citibank offer one. Not bad considering all you have to pay is usually around 50-60 annual charge upfront for each card instead of 100+ a month on interest.

Hi Paul,

I am new to this forum but have been reading up on topics the last couple months as well as doing plenty research into getting my second IP. I purchased my first IP a year ago with the help of my parents so I didn’t need a deposit as they paid for everything using equity in their own homes. I am looking at different options and VF through websites like the ones you mentioned seems like a good idea. Do you know where Id be able to get more information about purchasing through VF as Id like to know more about how it will affect my future investing, for eg. can I stil use the CG on these properties as leverage for another down the track etc..

BTW thanks for the informative posts as well, sites like this are great!