New to PropertyChat, but been a lurker at somersoft. Planning to fund for my second investment property but confused about equity. To make the numbers simple: IP1 is valued at 550K. Loan amount remaining is 300K. LVR 80%, therefore available equity is 200K 2 questions that Im confused with: 1.Does this mean that I can use the 200K as my 20% deposit to fund my IP2? 2. Assuming the answer is yes, that means I can buy a property worth $1M with the 200K as the deposit and have a second loan of $800k. Therefore, my first loan will now increase to $550K and my second loan will be $800K. Is the above correct or am i missing something.