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- parents are cool with the occasional sleepover visitor though it can make for some awkward moments - I haven't really thought about capital gains as i intend to never sell. eg. buy and hold portfolio - sounds like an interesting book + thanks for the advice!

ok well thanks for all the responses and truly I do appreciate your point blank honesty (except for the creepy jokes) I think you're right I should have moved out a number of years back because yeah right now I feel like a man child or something though if I look around to a handful of people...

- Thanks for bringing this up RE: ~$224,000. I had a vague idea that the banks would only lend around the 80% mark but now that you mentioned it confirms it - cheers - as for my accountant he has been encouraging my to take the next step for some time now. eg buy something to get some...

Thanks guys All your comments are truly appreciated - yep defiantly trying to increase the business income - commercial property is something that interests me greatly due to the attractive yields - i definitely see this as part of my strategy in the near future - The next purchase will...

Hey guys I'm looking for some creative thinking / sound advice My dream is to leave the rat race(replace my wage +some) and become a professional rent collector What would you do... CURRNT POSITION --------------- -28 years old -IP1 just paid off --> equity at least $280,000...

Thanks guys for your responses - i also just chatted to my accountant and option 2 appears to be sound. I guess for the benefit of others that may be starting out ---> purchase an IP and put a tenant in. the rent that they pay could go directly to the rent bill you have to pay someone else...

hey guys I'm wanting check if my thinking is sound CURRNT POSITION --------------- -28 year old -just about to move out of home -IP1 just paid off --> equity at least $280,000 -IP1 bringing in $270 ($1,100 net per month) -wage $82,000 ($4,400 net per month) -business income $700 net per month...

Thanks guys i really appreciate all the comments - it's really great to hear other peoples point of view and how they do it

Hi guys I'm just wanting to know what's the most effective way to pay the outgoings for your investment properties. At the moment i have one IP but have aspirations to have many more in the years to come. At the moment my IP is managed through an agent and they simply deduct bills (rates...