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Cool! I misread your original post to argue that this wasn't possible due to the special treatment of LOC accounts. Hadn't tried linking one to my card myself though I do have a few LOCs in place, one of which is not fully drawn. Makes it that much easier again if you can draw it straight...

You almost can though. Setup the LOC and then also set up a standing order with the bank every month to transfer $1,000 out of your LOC account into your savings account. Then you can go to the ATM and pull the cash straight out of your savings account. In a way, the LOC transfers become a...

Peter, I thought I sounded just the right note of caution with regards to leverage :D : I agree that there is a time and place for leverage and was cautioning against employing it without first assessing its appropriateness for current market conditions. Cheers, Michael.

Nice one. I'm still very much the one foot in front of the other kind of approach for now. I'll knock this first one over completely before I rethink strategy and how then to take the next step. Mind you, this first one alone is going to cost me about $1.5M in good debt! ;) Cheers, Michael.

Trom, I'm there (just) but it took me a lot longer than 3 years starting from scratch. It actually took me about 15 years, but I did it the hard way and wasn't even holding a property through the last property boom. I'd like to think the next million will come easier than the first, but...