Dan42- Thanks mate, i will try to be more patient in the future! I think i need to deal with someone in finance that has already done what I’m trying to do.

Richard – Thank you for the kind words.“there is no reason why you can gear against your existing securities and use these funds as deposit for your new IP purchases”  <—- this is what i thought to but apparently every bank/broker i talk to wants me to refinance the properties to “unlock” the equity i don’t see why!! (Also i haven’t been this far yet but I’m guessing if i refinance i would need to pay LMI again which just seems stupid to me).

Trent – Thanks mate ill try to stay positive!
Do you mean move far away from CBA will all my finances? I have multiple business accounts/SMSF term deposits, Loans (personal and mortgage) Credit cards ect all with CBA! Should i cut all dealings with them?
 
My CBA business manager called me today and advised me my only choice to separate my personal and business debts was to refinance into a business loan and use my person residential IP’s as security!! I’m guessing this is the cross collateralization you where talking about? 

I’m glad things are going well for you and hopefully i can get in contact and hear some of your stories and adapt them to my situation or help motivate me to continue with my original goals! I really need direction and advice i can trust, currently i find it hard to believe or trust anything anyone is telling me regarding money   

Catalyst – cheers i will check that out i only live about 30mins from rosehill (i work 9am-9pm usually so ill have to put aside a tues night!) Is this something you attend or have attended in the past?