Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
FrankGrimes said:Nothing stella really.
FrankGrimes said:Nothing stella really. I'm in it for the longterm and will keep buying as time and money permits and I'm aiming to retire when I'm 45.
alexlee said:I hit $1m in debt last year, and thought, Is that all? I'd always thought it would be more of a milestone.
Alex
oc1 said:You guys are truly inspirational.
sue78 said:Well done everyone.
OC1- I am very impressed. I first stumbled upon Somersoft a long time ago when John Burley and wraps were all the rage. I didn't have the guts to do wraps and no money to attend Bootcamp though I did buy the readings/folder.
Sultan of Swing said:Are you kidding??!?!?!
That was one of the most mind blowing posts I've read on here. All that and ONLY 27!!!!
You're the inspirational one OC1!!
alexlee said:I ran the spreadsheet until age 40 and it says I'll end up owning $40m in property on $16m of debt. All this based on zero cash input by me (105% LVR via refinancing). The first one is the hardest but after a few IPs and a few years of growth you can pretty much buy using equity.
sue78 said:That's not the case with us. We have plenty of equity but have to buy neutrally geared properties as we can't afford serviceability. We deal direct with Westpac though so we may have to start searching for a good mortgage broker if it come to a stage where Westpac can't do much for us.
To buy neutrally/positively geared properties, we build and when building,bank still needs to see that you can afford to service the loan on the land and the building prior to completion with your income!! they don't look at your savings.
Maybe I am just not as clued up as you guys.