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Great attitude. Well done!

Sorry hope I haven't side tracked this thred. It was great reading people investment goals.

I should note that the growth properties I buy at 80% are only negative for 3-4 years at which point they cover themselves and then start producing on thier own. 80% LVR is what banks will lend up to in my experience once you have a reasonable portfolio. LMI's don't like portfolios.

Hey, Just under 3m equity is when I felt the rule no longer applied.

Hey Darlogus I don't want to sound like a ****** stating my portfolio Val as the last purchase was a very large office complex so it's probably not relevant now. My wife and I did build an initial res portfolio first which doubled early 2000's. I then used the equity to keep buying and just...

Hey dtraeger I've never had any issue extending my LOC with the banks based on the portfolio value alone. I'm looked after by private banking at westpac and anz so I'm not sure if I get any graces because of that. I'm sure the banks know that should they need they have security with the...

I've noticed most people are focused on income being for yeild. I simply now live of the equity gains from my portfolio. They yeild averages between 4-5% dependent on the city but yeild is only a drop compared to equity growth. Remember you'll never save your way to wealth from savings or rental...