Hi HC77,

With regard to Question 2. "Keep our current house as an investment property", I would suggest asking yourself some of the usual questions when looking at purchasing an investment property.

1. Is it in an area where there are less than 3% vacancies in rentals? (Check with a property manager in the area).
2. Is it in an area where around…[Read more]

Thanks to both Terryw and Qlds007.  Yes, there is a loan secured against the IP (10% cash deposit used – so paying MI unfortunately).  I believe the equity in the IP would be about $55K, however it's my understanding that we would only be able to use about 80% of that (?). 

Also, forgot to mention, would like the next IP to be CF+ – possibly…[Read more]