I recently posted an article about valuation after renovation, and want to continue from that with the next step. I have an IP which has just valued at 420k and 440k with 246k left on the loan. The property is rented for 12 months at $450 pw My salary is $150k and my partners salary is $85k, combined $235k Together we have a small amount of savings $30k after recently completing renovations on the IP. Each week we have approximately $1500 surplus after all expenses and rent. We now want to reinvest our equity and savings into one or multiple investment properties, and wondering how much we could expect to be able to borrow?
between 1 to 1.8 x depending on Y and Z As per TW, back of the envelope numbers arent good property acqusition planning tool ta rolf
No enough information mt friend, best tslk tova broker and go into a little more detail about your situation
Depending on your rental expense, you should still be able to leverage. Deposit is likely going to be the limiting factor for a while. As others have said, need a lot more detail to get specifics on figures.