Hi all, We are about to settle on a property in the low $500k price. The loan/property (PPOR) has been put under the wife's name 95% LVR with no mortgage insurance (health professional). The thing is I have been required to be her guarantor for the full amount (despite only applying for half). Our plan was to purchase 2 cheaper homes instead of 1 overpriced one. My question is how soon after we settle can we start looking at a second property? Would me being a guarantor effectively mean I have a $500k loan under my name as well (as opposed to 250k if we were joint)? Some extra info: We both earn ~$100k each. After settlement we will still have approx $80k in savings. We would be looking at a IP around $430k with 5% rental return Thanks!