Dear all We have 4 home loans secured by 3 properties and looking to get another investment and even structuring our portfolio. Loan 1 : 460k (worth 750k) - with council approval to knock down rebuild 2 townhouse Loan 2 : 540k (worth 900k) Loan 3 : 420k (worth 750k) Loan 4 : 250k Cash 500K (250k offsetting Loan 4) Combined annual salary 150k What would you do?
The offset cash issue may pose a concern if the offset $250K and the other $250K are blended. Otherwise not quite sure of the scope of the question.
id look at uncrossing for a start assuming you are. What does your personal affordability say ? what a lender will lend isnt of much use if it kills you ta rolf
How long is a piece of string question PPOR ??? Any non deductable debt ??? How long has each property/loan been held ? Do you have pre approval? Are any older/in need of updating, major expenditure? Are loans P&I or IO ??? Do you have the time and skill set to develop 1 ? Family circumstances ? Long term plan ? Buy two of @euro73 cash cows OR Sell everything and go on an extended cruise
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