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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 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...