Hi Andrew, its just a hypothetical and i used that figure because its an easy number, i just thought there might be a ball park percentage i could...
Hi, newbie question, if my IP is vacant for a year, and im covering the mortgage, lets say its 25000 annually in repayments, how much roughly...
hahaha, thought about it!
would this be an option ( i will contact the lender and ask) sell the IP $180k re mortgage balance of $170 and pay off, will those payments still...
yeah its not good, im relying on tax benefits running at a loss for the interim to cover it but i would love to get rid of it.
Gladstone
i would rather not default, but cant even get renters in at the moment and the area is looking bleek with little hope of a recovery.
IP and home are with different banks, original sale was for $460k mortgage was 350K property is now worth $180k, this in 12 months, area...
Hi, just wondering if i default on a investment property mortgage, does the lender have any rights to my personal property? namely our family home...
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