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Hi Jerry. I really appreciate your answer. I have no experience in property investment. I am simply in a position where I can now afford to buy a house. But I don't want to just buy the nicest home I can afford and settling in. I've been reading Jan Somers' More Wealth, and have started...

Thanks for the replies guys. @Rolf Latham The first step of my plan is as detailed by Somers: Buy my PPOR, and pay it off asap. The 550 property is within my affordability, but buying a cheaper PPOR would make more sense, as it'll be faster to pay it off. But on the other hand...

Hi all, and happy new year! I'm currently looking to buy my first property, but would like some advice before proceeding. I've read Jan Somers' More Wealth book, and I think I get it: Buy first home, pay off asap, use its equity to borrow and buy residential investment properties. I...