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  • Profile photo of phillhill21phillhill21
    Member
    @phillhill21
    Join Date: 2005
    Post Count: 2
    January 19, 2006 - 4:05 am

    Hi Derek,

    You gave me a fright i thought i had boo booed.
    I double checked to make sure i haven’t crosscolaterised.
    I haven’t it was my ability to service the loans independently, I still have a hell of alot to learn.

    Phil [glum2]

    Profile photo of phillhill21phillhill21
    Member
    @phillhill21
    Join Date: 2005
    Post Count: 2
    January 15, 2006 - 10:18 am

    Hi All,
    I have been following this disscusion with great interest as i am new to investments and this type of forum.
    I have just brought two IP’S using the equity in my owner occupied place, without having to get a separate deposit loan.
    I may have been lucky to get away with this because i was under a certain limit i don’t know.
    But my thoughts would be that if you had to get a separate deposit loan you may be aiming to high to soon.

    phil

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