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Thanks Peter that makes sense. I think I would aim for 2-2.5k per week. I think that could be easily achievable from 10 properties.

Thanks Marty and albanga. Albanga- I would like close to 20 properties by by age 40 so then I could sell down half of them and pay out the other loans on the other 10 properties providing they have had good growth, then I can live off the rent of the paid out properties less all the costs of...

Thanks for your reply redom and Corey. Redom I think I will concentrate on the central coast area. If the property needs Reno or maintenance I can go and stay up there because I have a caravan in big 4 caravan park on lake macquarie where we holiday a lot and I also have my in laws that live...

Yea I agree Corey. I really like parts of the central coast the most. Do you have or know anyone who invests on the central coast. Parts of the cc have already started to take off a bit.

Other goals this year are: - start my new business - start walking again after an accident. - get builders licence cert IV for future developing.

My goal in 10 years is to have between 10-20 positive cash flow properties with also growth. Retire/semi retire by the age of 40 (I am 30 now) Having financial freedom. Some people say its a bit ambitious but I say it's not impossible and believe I can do it. DT- I'm not going to...

Current loan is $428k and property is estimated between $630-$650k. My problem is if I refinance to sign off on the agreement than I might not have enough equity for deposit and costs for my 1st investment property that I was hoping to purchase this year.

Thanks for the replies and advice. Not to sure of the lvr

Ok thanks for your reply Corey. I don't have a cash deposit, it is just what equity I have in my current property. Is that what you mean?

Thanks for the reply DT. If I sign off now on the agreement than it will probably use a fair chunk of my equity and it might not be enough for my deposit and purchase costs for my next property. If I don't have to I probably won't at this stage.

Hi all, I had my parents go guarantor when my wife and I purchased our ppor in 2011. Will I have to sign them off from the guarantor agreement before I can purchase my first investment property.