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Having just strolled down this morning to the beach with the kids and the dog while the wife went to preggie yoga class, I can certainly vouch for the fact that such a lifestyle is indeed quite enjoyable... :)

I advise holidaying there in winter first! :p

Me too... I didn't say anything about paying them off! This has got me thinking - all of the people I know who have achieved this range have a large proportion of commercial / industrial property. Food for thought for me anyway...

Hi Marty Depends on what you mean by "too many". I guess I know of a few at that level (in gross rent) - my statement regarding "quite a few" was an extrapolation based on me being pretty sure I don't know all of them! By the way, just thinking about it I would know at least five people in...

I think there are quite a few posters on this forum who can answer that question from personal experience! :cool: You gotta have goals...

We did something like this. Bought an IP in a "dream" location (land value) five years ago when just married and was only able to hold onto it because of the negative gearing. About to move in to it at the end of this month. It was bought just because of the location (quick stroll to beach...