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Is insulting someones wage really the sort of stuff that's okay on this forum? If people are arguing the point that 1 resi property worth 4 mil on a 70k wage is a good strategy then this is the wrong forum for me. And again, my question wasn't around strategy, athough I appreciate most of the...

So are you suggesting that someone starting out should buy commercial property like that first? I don't think I'd get finance or have the despot it for 1 commercial property like that.

There's no insult and the 4 mil comment is referring to resi from previous comments, not commercial.

Pink Boy, Firstly, you need to knock that chip off your shoulder. If your going to make comments like "bahahahahaha" don't make any at all. Secondly, if you had 4 mil of many properties with a cash flow of 170pa + 200cg that would make more sense than 1 $4m property that is only only...

Thanks. What did you mean by "trail" when referring to widebay?

Thanks Mick, I'll speak with you when you are back. Cheers

Thanks Mick, that was a great response. I might give you a buzz later tomorrow to discuss further if that's okay? Cheers Christian

If you rented a 4m property out for 2k a week, that would be costing roughly 120k a year out of pocket just in I&P. + there aren't many tenants out there in that rental market, so vacancy rates might be high. I don't know who can afford to hold properties like that. If you had 20 properties...

One property worth 4 million could be pretty poor investment decision because, not only is it putting all the eggs in one basket but the market for a 4 million dollar house is much narrower than the market for low cost affordable housing. Plus your rent for a resi 4 million dollar property...

Not much, to similar previous comments

Pinkboy, I guess tone is lost in text but I most certainly don't have a chip on my shoulder. I have considered that it may be the choices I've made so far that are the problem but I also have looked at my brokers decisions, such as using a 3rd tier lender such as Widebay for early on in my...

This is where investors run into trouble, when they buy properties that they love the look of and would live in rather than making decisions on the numbers. Just like burgers, it's not necessarily about making the nicest burger but more importantly the profit you make. I would like to make...

I love the analogy. Think of it like this though - MacDonalds is one of the most successful restaurants in the world and can make a profit from a 1 dollar burger because of their processes. Part of their success is the speed in which they can serve customers, hence fast food. Each restaurant...

Terry, thanks for your input. Firstly, I haven't ever said that my strategy is to get 20 properties but more so that the broker I choose to work with has financed portfolios greater than 20 properties. Every broker out there can probably help someone finance a 4 property portfolio but...

Peter, I m might give you a buzz today to have a bit more of a chat, if that's okay. Thanks

Thanks Michael

Thanks Rolf

Peter, I have suggested 20 properties not as my goal but a qualifier for a broker. I do have 10 years as my timeline for this. A property worth 400k is no better than a property worth 100k and vice versa. It's what the property is adding to your portfolio and how it will get you to your end...

Marty, you should be saying "I don't know how to do that" rather than "it's not possible". There are plenty of ways to create equity through developements and reducing your LVR and DTIR. If your strategy is to simply buy 20 property's from realestate at 5% yield at 90% lvr in 3 years on a 70k...

Thanks Redon and DT