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@calidan Thank you for that, although I am a bit confused/curious as to what would happen in a case where you would default on one loan that was cross collaterised Would you just sell the IP to cover the debt and keep the PPoR?

@lindseym1013 Ok, and you can only keep the loans seperate when refinancing?

@lindseym1013 Thanks for the reply On point 2. My understanding was that if we purchased using equity then the loans would be cross collaterized as the funds would be linked to the exisiting property? And if we drew out the cash, that enables a “break” between the two properties thus avoiding...

@buckman98 Is it bad etiquette to say that this is out of our price range and to see if they have other accountants who can assist us?

Hi all Me and my partner reached out to an accountant for advice regarding buying a second property and converting our current PPOR into an investment. We are about to begin the pre approval process, and have attained two rental and valuation appraisals and are currently setting up a...