Yes there would be but they would secured against other properties.You would still be 100% geared.
There is something that I am missing here. The strategy that I propose won't use any debt – at least that's what I'm asking – is it possible? If you have a pile of equity how much of it can you use to "purchase" another property? M…[Read more]
In fact as long as you have the equity and serviceability you could use property 1 as security for all loans as long as the lvr is less than 80 -90%.
And there would be no loans at all, as you "own" all the properties?
Thanks for the reply Greg. Can I take the questions up a notch? Considering your response, I have considered the following property aquisition strategy and would like to know if it would work how I'm thinking it might. It is different to my previous questions, and mainly aimed at "owning" property for little outlay except for completely paying…[Read more]