Hello everyone, Finally signed up after the SS forum was locked for future posts. I have read through some of the new posts but still unsure if my conclusion/thinking is right. I'm looking for a new IP and the best way to obtain finance without cross x the project and best way to fund the purchase + costs etc. I plan to develop this property in the future (e.g additional dwelling at the rear etc). Current loans/debts as follows: Both with CBA 2007 - IP 1 - Loan of 298K - Interest only fixed at 4.6% till Feb 2016 - Value would be 450K conservative. Rents for $350K and is currently neutral. Has a 51K LOC against it which is owes 38K (12K free to use). This has never been for investment purposes, was/is used for personal expenses, bills etc) 2011 -PPOR - Loan of 440K (with 16K in offset) not fixed and is I/O - Value would be 700K conservative. Was originally with Westpac but refinanced with CBA in 2013. IP 1 was not used to fund/secure the PPOR. Credit Card with CBA - 15k limit - Owe Nothing. No other loans, store cards etc. To purchase the new IP for about the 400-600K how would you suggest I best do this? Some of the options I came up with but not sure if their possible or the best way. 1. Apply for a new LOC against PPOR up to 80% meaning based on a val of 700K that would be about 116K. Use this as a deposit of 10-20% and to help pay for costs. The remaining amount I'd have to apply for like any other loan, e.g home loan with CBA or other lender? If this is a scenario, once the deal is done, do you just have two separate loans? eg, An investment loan of say 400k and a LOC of 100k? 2. Use the 16K and 12K I have already somewhere in this equation? Prefer not as this is my buffer and don't want to release funds back to the banks which I have already. I'm concerned serviceability will be my biggest hurdle (married with 2 dependents - 76K income for me, 10K for wife - rental income 18K, family assistance 5k). I'd prefer to have the property in just my name only for tax and protection. So going forward I need to be mindful of this. I work in town planning so my long term goal is to develop smaller projects of 2-3 units. So trying to build some capital/funds to be able to undertake these kind of developments. Thank You.