Thanks Richard

Sorry, I may be miss understanding the cross securities thing a little in this case. I thought using the first set of properties as part security (10% cash, 10% property security against existing) the 2nd IPs was “crossing”?

This is just to avoid LMI.

OK, undertand where you are now. That comes back to a choice of A, B, C from the first question.

Do I buy 1 at 80% (+ve G) or 2 at 90% (-ve G)? Then 2nd question on 2 IPs, is do you pay LMI on 90% or cross it with other IPs to not pay LMI?

Thanks again Richard.

The new IPs would likely be -ve geared and offset against the +ve geared current IPs. As IPs become +ve we would look to expand portfolio and -ve something to offset any +ve. One goal, to have a self sustaining growth.

Yes, trusts etc are something we are considering. Still waiting to meet with our acct to discuss. Current…[Read more]

Thanks Richard.

Our PPOR is effectively paid off 160k owing, 160k in offset. This is just a risk/opportunity/comfort decision. On top of this I have another 80k free.