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[quote][i]Originally posted by Cosmo[/i] At the moment the apartment is all paid for and mortgage free. Id have to get a mortgage for about half its value though so I can release some money to put down on the new place. Would still leave me with about a 50% deposit (probably slightly less on the new place) on the properties though. Looking quickly on those crappy mortgage calculators, a repayment mortgage would easily be covered by the rent with some to spare, an interest only would be a max of 2/3rds of the rent. [/quote]
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