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?
Hi Brizza
Certainly on the surface with some restructuring it appears possible however a fair bit of important data missing to provide a more constructive answer.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Brizza,
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.
George Poullos | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeFinance Strategist & JP
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