There are  a number of things working against him.

The loss on the investment property, the standard living expenses for a family for 6 and the lowish income for the 2 bread winners (80k).

There simply isn't enough cash in the pot to services the debts with the investment property there especially the way that the  lenders have  increase considered living expenses.

 Could he go to the accountant and have the 2017/18 financial year reflect a higher income?

Cheers

This is the response we had when we referred a client to a preferred broker.

 The client bought a property in 2006 for 350,000 & now it might be worth ‘the low 2s’.

And what is worth his cashflow after mortgage repayments & other property costs is a negative 1,000 Per Month.

 When we mentioned the town that this client to another client who is into digital property valuations he knew what the result was.

Very sad & how many out there.

There are other property alternatives out there which maybe suitable & which are available on the dealers approved list APL occasionally.

Of course there is no substitute for paying down the bad debt of your own mortgage but lets observe that your own home doesn’t pay you an income to live.

Have you actually read Rich Dad Poor Dad.?

However a spare room could be maximised of course.

Choices & options & decisions & the right financial ‘caddying’

Yes Sir.