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lol, I wouldn't be able to cope. I already find it hard to look after my IP's to the extend where I now started to buy old double brick units. ( :eek: I used to hate red brick) Ok I don't get 11% but the trick is to have low holding costs, capital gains will come, its just a matter of time.

Because Aaron Sice, grossreal or someone else could put up hundreds of them next door or there is a mining accident and prices can fall overnight.

I wouldn't worry about it for now. 11% is fantastic and the resources boom isn't about to end anytime soon so enjoy the returns :) Sorry mate, I wanted to know how you found them because there are so many other places to invest in and a lot closer :D You've bought the properties without...

Hi Virgo Here is a rough example. Lets says you sell a $400K IP which had doubled in value so you're making $200K. You pay $40K in tax and you're left with $160K so you reduced your PPOR debt by $160K which is equivalent to $12K in interest savings per year. Reinvesting can be done with...

Belbo Thanks for sharing your plans. Out of interest, how did u find those CF+ puppies? cheers

Investor I'll send you a PM

Yes but that's another story.... :D Belbo I'm not releasing cash to reinvest, I'll be re-investing using equity. I'm reducing non deductible debt which will allow us to travel more often. Life is short mate, we should enjoy it now that we are still healthy enough to travel. Where...

Belbo mate Good one, I didn't think anyone would notice :D Don't be concerned, my spelling is good most of the time (when I'm sobber) Back to the topic now. Do you have something to sell to me? None else has shown interest in this thread. The media are telling us that the sky is about...

Common people this is a good time to sell :)

Anyone else???

bump.......................

Hi everyone As the title says, I'm interested to buy 2 houses up to $400K each 1 in Brisbane and 1 in Sydney but something with potential to add value or to develop in the future. If you have something which you think is of good value and for whatever reason you need to sell it, here is...