IP equity to buy PPOR?

Discussion in 'Investment Strategy' started by Melmac, 1st Oct, 2019.

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  1. Melmac

    Melmac Well-Known Member

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    30th Aug, 2017
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    Hi All,

    I know its not the best way to go but has anyone done this? Using equity from IP as a deposit to buy PPOR?

    Planning to do this for short term and then sell one of the IPs once market is better to pay off the loan against IP and separate the loans.

    Thanks in advance
     
    Melmac, 1st Oct, 2019
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Yes many do it.
     
    Terry_w, 1st Oct, 2019
    #2
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