All Topics / General Property / Buying my own home after my 1st IP

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  • Profile photo of BrettJCBrettJC
    Participant
    @brettjc
    Join Date: 2006
    Post Count: 10
    January 2, 2006 - 4:18 am

    Hi All,

    I am going to be investing in a IP at the end of this month.

    I am still living at home and I want to buy my own home in Sydney within the next 2 years.

    How possible will it be to have a IP and then to purchase a home for myself , how long will I have to wait and how can I use the IP to get what I want.

    I definatly will be looking at getting more IP’s in the short term future.

    Cheers,
    Brett

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    January 2, 2006 - 7:45 am

    It would all depend on your borrowing capacity and your deposit/equity. You could do it one day after buying your IP, or it could take years. It all depends.

    Terryw
    Discover Home Loans
    Parramatta
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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