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Yet when the banks were lending to anyone with a heartbeat they still would'nt do it. They wrote off billions in bad loans but still would'nt do this one. Why? Because the banks are in the business of making profits whilst keeping risks low. Not taking on risk for others. I agree Piston...

Settle down big fella, I was not trying to cut your grass just suggesting that maybe one smack from u was not enough for the naughty post by Skater and that 2 (from u) might be more appropriate. I bet Lil Skater is loving this thread :)

Bit Harsh Skater, That's not like you at all, having a bad day? :) I think Rixter is on the ball a couple of smacks to the toosh might be required. Just because you are starting a bit head of someone else does not mean it is not a big achievement, these magazines have to fill so many pages...

excellent work, thanks for sharing, hope you stick around on the forum

I think Rob is not saying it is non recourse or the banks problem. He is simply stating he would rather have a larger portfolio now at the expense of a lower LVR as over time the LVR will become lower and because the asset base is growing off a higher base the equity gap will end up being...

Hi Redwing, I think it is still definitely achievable although in current lending environment it is harder now than it was 3-4 years ago. Just might take abit longer thats all. The right buying criteria and finance structure and u r half way there and of course no fear of debt, to go from...