investron,
my goal would be to be surrounded by semi naked females with ip’s too,trouble is my wife won’t be happy with me when she finds out i must be a lesb*#%.

10 +ve investment properties,we’ve got four kids so if we ever reach our goal we’ll reassess.

one other thing,if i put debt from ppor to ip’s would that hold me back as regards equity needed in ip’s to refinance to buy more ip’s?

quote:
You need to get advice – find a good accountant – ask on this site for one close to you.
You should also get a good mortgage broker, and get the debt from your ppor, onto your ip – simply because as a self employed person, that interest is tax deductible – but not the interest on your ppor.

thanks for the reply,how do we get the debt…[Read more]

i mow lawns for a quid but will consider stopping if we can buy 10 ip’s

thanks for the reply don’t know what a wrap is, also our ppor is all linked to the same mortgage and we only have $10,000 left in our line of credit,would it be the way to go to try and refinance and up our line of credit?

quote:
Lo Doc’s are a good way to go, but in a lot of cases you need an ABN and for 2 yrs.
If you don’t have this, then a No Doc is the way to go, although max 65%lvr.

I gather you’re IP’s aren’t wrapped?
Are they with the same lender as your PPOR?

A good way to go is a line of credit from your equity to use for deposit’s on Lo doc loan’s.…

[Read more]