- BrizzaParticipant@brizzaJoin Date: 2003Post Count: 75
100k annual income.
Have 1 IP which is positively geared by $100 per week (income included in above 100k figure).
1st IP conservatively estimated at 300k, with 150k mortgage.
No deposit saved.
I would like to buy another IP for between 600k to 700k.
Would it be possible?Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024
Certainly on the surface with some restructuring it appears possible however a fair bit of important data missing to provide a more constructive answer.
Yours in FinanceGeorge PoullosParticipant@york-pJoin Date: 2015Post Count: 10
Whether you can or can’t borrow anymore cannot be determined by such a small amount of info. It would be irresponsible to give you an answer without a full assessment of your financial situation.
If you’re want to know if you can borrow more, get in touch with a good broker who can assess your situation and give you an accurate idea of what’s possible for you.