All Topics / Help Needed! / Paying Off Investment Loans

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  • Profile photo of craig123craig123
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    @craig123
    Join Date: 2012
    Post Count: 27

    Hi

    Can somebody please advise?

    I purchased a property to live in 8 years ago, 5 years ago I moved out to a rental and now rent my property out, I have also borrowed money using equity in my first property to purchase a 2nd property of which I also now rent out. I did this last year.

    Should I try to pay off both loans as quickly as possible or just pay the minimum and max my negative gearing?

    I have loans for both properties, In total I owe 400K, Both properties together are worth about 600K

    thanks all, any advice much appreciated

    Craig

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