We only have $10,000 owing on our PPOR and we are about to buy our 3rd investment property. What is the best way to set up the finances on this new property? We plan on paying out the PPOR so we will be completely morgage free from this one before we purchase our next investment. The new property will have a morgage of approx $430,000. Should this be set up as interest only (like the other two) or, as this will be the largest morgage have this as P&I with our funds sitting in an offset working against the morgage?
I'm at a loss as to how it should all be set up once your PPOR is paid off. Please help.