PropertyInvesting.com | rustycat | Activity https://www.propertyinvesting.com/members/rustycat/activity/ Activity feed for rustycat. Wed, 08 Apr 2026 13:46:08 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 77dc7d52b33f19f1d3e5a30b07f11b01 rustycat replied to the topic Q's on buying a second house. in the forum Help Needed! https://www.propertyinvesting.com/topic/4407498-qs-on-buying-a-second-house/#post-4676588 Fri, 31 Aug 2012 01:21:40 +0000 Hi HC77,

With regard to Question 2. "Keep our current house as an investment property", I would suggest asking yourself some of the usual questions when looking at purchasing an investment property.

1. Is it in an area where there are less than 3% vacancies in rentals? (Check with a property manager in the area).
2. Is it in an area where around…[Read more]

]]> 99b33889aca196510d047d61115f8107 rustycat replied to the topic Using equity from PPOR that has no mortgage in the forum Help Needed! https://www.propertyinvesting.com/topic/4407490-using-equity-from-ppor-that-has-no-mortgage/#post-4676554 Thu, 30 Aug 2012 23:02:47 +0000 Thanks to both Terryw and Qlds007.  Yes, there is a loan secured against the IP (10% cash deposit used – so paying MI unfortunately).  I believe the equity in the IP would be about $55K, however it's my understanding that we would only be able to use about 80% of that (?). 

Also, forgot to mention, would like the next IP to be CF+ – possibly…[Read more]

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