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That statement gets chucked around here far too often from my experience. If it was that easy to increase your income, everyone would be doing that. Not saying it's impossible, more futile than anything...for many folks - especially in a reasonably short time frame. Doing extra courses...

Skater, two brilliant posts - tried to send a kudos from the IPad but it wouldn't play the game. I remember back to Steve McNight's early days when he was buying in Ballarat for a song, when no one else would look at the place. Not yer Liverpool or Fairlfield, hey? So yeah; as you say-...

How old are you? There were a lot of folk around the late 80's to early 90's who would disagree....high teens interest rates killed a lot of homeowners at that time, and lots of properties dropped in value as the firesales commenced. The buyers rejoiced at the cheaper properties, the sellers...

You only have to look back a bit through the threads here to find a few... http://somersoft.com/forums/showthread.php?t=43812 and no doubt the same over at Steve McKnight's forum. They do exist, but it takes sacrifice, planning, gaining the right knowledge, action and discipline - many folk...

You are putting obstacles in the way, and have a negative belief, when I and others can prove otherwise. Mind you; the vast majority of folk you describe will prove you right. Sad. They are real clever at sussing out the best ciggy deal, the best jet ski deal, the best tatt deal, the best...

I understand what you are saying - and you contradicted yourself a bit there - development is a form of moneymaking from property. But with low income earners; all they need to do is start by buying something cheap, and start building from there. Obviously it won't be a fast way to make money...

Have to disagree. Outside of my income - which has mostly ever been average with a few periods of decent coin, the wealth I have created has been from property. Until a couple of years ago, we had a decent crop of IP's and a very nice house. Still have the house and one IP, but haven't had...

As I said; most high income earners are hard working and have sacrificed much to get to their level..they are doers in the world compared to many, and should be admired for their effort. The 5% among the 95%. That's not really news worthy on a property investing forum as such - unless you would...

No, and yes. I don't have a resentment against high income earners. I know several. I have been myself for brief periods. I have had to deal with all levels of income earners in my work and general life for my whole life, and generally I prefer folks who are earning better dough; usually...

This is a sign that not enough folk here on SS are living out in the wider population where the lower income folk are....of which there are waaay more than the higher income brigade. There are many families - many families - earning less than 100k combined incomes. Of course; the stats will...

Our first IP was a 2 x 1 villa unit in Highett, Vic in 2001. This is "middle-ring". It was $204k, and we used equity in our PPoR for the deposit and purchase costs. We had enough to buy another, and did so the next day, but in a different suburb - Mentone, and it was a townhouse. We...

That's brilliant! Well done.

Great work Bez; would you mind giving us a basic run-down of how you did it? Was there a FHOG, a deposit, lifestyle sacrifice etc, to get there; it must have been difficult?

I meant the poll to be from 0 to 5, but I did it incorrectly and then couldn't edit it. I was with a chardy at the time (aren't I always?). If you have zero, then put it down as "not applicable".

That would qualify. To be fussy; I guess it would be one person earning less than $50k, but I suppose there are families out there that earn this figure (or less) combined; that would be ok.

That's perfect! This is the sort of info that the lower income earners need to hear. My guess is they sit on the lurkers seat, watching us all bangin' on about 3 Ip's this, and 6 IP's that, and think; how the hell will I ever do this? This shows it can be done.

Yep; please vote - it's still an example of the target even though it's not you. I guess she is a forumite by association/proxy? heh, heh! For example; I know several people in the target, and none have any IP's. I haven't put them in though as they are not forumites. That's all good stuff...

Surely you can view the results without having to vote? I'm failry sure I've done this with other polls...

how do I edit a poll?

Further to my post on JIT's thread about forumites' salaries, I was wondering how many forumites or lurkers are earning less than the "average wage", and have already bought an Investment Property. Lurkers; you'll have to register and join the fun for this. This is not your PPoR, but an...