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Thanks for that. What about the redraw, with an LOC set up against the 3 IP's which doesn't get used if poss?

How does it give you access to a lot more cash? The nett worth is the same, the LVR is the same. Or, are you talking about being able to draw on the cash in the offset if required? To get access to more cash for more IP's, more borrowings are required, unless you use the cash in the...

With so much fear, how do you get out of bed?

It was a figure for the sake of the argument. I never said anything about being in a position to never have to work again. It is a damn good starting point for you, which most will never have. All I can say is that a million in cash is better sitting in a million worth of rental property. You...

So, you're saying go into debt, when you don't need to? If you want to be totally anal about investing and want to look at the IRR on the cash, it may be way less than the bloke who say; borrows half and uses half his cash, but the nett cashflow is also way down in the deal. If you have say...

If you have the cash, use that. Borrowing for the sake of it substantially diminishes your nett cashflow. Borrowing merely allows you to leverage a lot more and increase your footprint...good for the mere mortal with no money. I can promise you one thing; all the risk is with YOU; not the Bank.

I don't reckon you ever will. You joined two here years ago, could buy a modest IP with cash - or several - using your resources and income level and have been privvy to a Universe of info here on this forum to help you make the right decision. Have you even narrowed down your search to a...

The reality is that most humans - unless financially educated and disciplined due to it - will fill up their income with relative consumer spending. In this day and age - in most Western societies - the average person is spending almost - if not more than - their income. I think the average...

It's real simple. Keep earning what you earn, buy properties that yer average school teacher would buy - in a decent neighborhood - and wait. That's about as low risk as this game gets. And, in your case, if you use some of your saved cash - say 50% of the purchase price - the risk is even...

In terms of income as a factor; if all doctors took up investing with the same mentality as the lower-income property investor, then they could totally stuff it up and still be smiling. By that I mean that the lower income investor is never going to be able to run out and buy some high-end OTP...

We had already bought 5 between 2001 and by the time I had found this forum in 2007. Haven't bought anything IP wise since 05. Bought our current PPoR block of land in 05 (just before leaving for USA), sat on it until we built current PPoR in 2010. Renoed our previous PPoR in 2008 (after...