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Hi all, Nikolina, I just tried to highlight what was possible, and congratulate you on what you have achieved so far. However I do have a few questions. So you are happy to give up 40% of your rental income on the paid off IPs to the tax office while trying to reach your goal, effectively...

Look at all the posts, too many for me too keep up with, my bad. Skater, This is not Nikolina bashing, her own words were, and I repeat...... i can't make up my mind This implies to me someone who has not run all the numbers, does not know or understand the possibilities, nor worked out the...

To continue.... Nicolina's equity after she is 35 could be something like 2.5 IPs of $600k value or $1.5m. If instead she had been slightly more aggressive and used say 40% deposits and kept LVR at 60%, each property would pay for itself (the interest and costs not the loan). At 23...

Hi all, WARNING!!! Dangerously long post :p Firstly from Nikolina spread throughout the thread.. Hence the discussion on options for those that missed it. OK......to get to 5 IPs that return $400 pw fully paid off by age 30 for a 23 year old living at home. Assumption...

Jaycee, Perhaps you didn't read all of what I wrote, or maybe didn't understand it. Paying off 1 house or 2 houses is not her goal, owning 5 properties is. Getting to that goal could be much harder if there is a boom in property prices in the next year or two, because saving up for that...

Hi all, vincenzo, I think a lot of things have been raised the Nikolina may not have thought about being young and relatively new to the PI game. Her strategy is safe, but not necessarily the safest approach to reach her goal. If the property market boomed while she was paying off her...

Hi all, Nikolina, The point some people are trying to make on the tax angle is not about when you have your 5 properties generating $25k in rent, but getting to that point. An example with numbers is the best way to illustrate this.. Let's say you are getting $20k in rent from...

HI Nikolina, Firstly congratulations on doing so well for someone so young. Secondly, don't disregard some of the advice you have received about multiple properties instead of one at a time. Let me explain. By paying off one property you will have to pay tax on the rent received. As...