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Thanks for the reply. That sounds about right.

Don't let it get to your head aussie. This is your ego talking, and no different to ''keeping up with the joneses''! Green dots don't make the man. :D

It's not really ''free''... but it can be cash flow positive for close to 5 years with the 50% investment allowance! http://www.somersoft.com/forums/showthread.php?t=54788&highlight=cars (I haven't seen this in a book/seminar yet, though I did see a FP write a news article on it recently.)...

What's so complicated about using $1mill to get a further $5mill? Just need to find a lender to do an 83% LVR loan (+/- LMI) against appropriate security?

Doubt that very much. He had the high $ AND ''geared up to the wazoo'' with well selected RIPs and CIPs.

I recall it was noted as 50k per month, not sure what currency though.

'Cos when you really dig deep and be totally honest with yourself it's probably true for most of us. :eek:

Oh boy. :rolleyes: Read this sentence a few times over and over and tell me if it makes any sense. I suggest you need to read something like "The Richest Man in Babylon'', as your financial literacy seems very poor... Don't be embarrassed mate, we all ''put our foots in it'' from time...

No way, did you really say that, you can't be serious?! Your ''rich rich'' person has 5 X IP's?!!!!!! :rolleyes: Weren't you just slagging off 5 X IP owners?? This is just another case of ''mines bigger than yours''. Your credibility is waning... Simple question, do you have ANY...

So do you consider this typical person you describe on $500k/year with say 1 X PPOR, 1 X holiday home and say a Lambo... to be ''wealthy''? Their net worth is strictly ZERO (excluding PPOR's, vacant holiday homes/holiday letting types and non-income generating assets). They would be paying...

Bayview, What sort of income is he on? And what do you define as ultra-high vs. high income? I hear ortho surgeons can make up to $1MM per annum, and if that's the case, he's doing it ultra-cheap with an RX8, and the cost of the tyres would be almost irrelevant. If it inconveniences...