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Depends what I have on, how bad the reno is and what i can do. I dont like to renos if I can get away with not doing I will. For example a house I bought needing full works rents for $320 but with reno $350pw. Not worth it for me atm, but I will when I have time or tenant moves out. If...

All very good points everyone. As investors, it is like sports people, or business people, or movie stars or anyone to get the best results you need to put in effort and energy to make it happen. Tiger woods doesnt just go down to the golf range once a month to chip balls, I bet he would...

Kudos to you. This is what I am talking of.

Just to confirm that these properties are equal comparables. For example two properties shown on Today Tonight recently of mine were purchased for $130,000 and $140,000 when I purchased them a few years ago. They were purchased 12 months prior from previous buyers for $300,000 each. The month...

Yep so a 90% or 80% whatever your LVR is with the bank/lending institution. It is important you speak to your bank/broker about the options. If yu dont find the answer you want keep looking out there, I have used many brokers and banks and today use the ones which work for me. In a...

Hi Murph, Just to explain how the bank goes around this. Lets round some numbers for the ease of the exercise. I use to work on 5% deposits and pay LMI when I started, today I use 20% deposits. If I work on a 10% deposit, and a theoretic house for $200,000 and with worth $250,000. Before...

Thanks for the questions everyone. Riding High, what an ongoing shame that you must always derive to this form of small whit on a daily basis. I will answer your question once and in a direct manner so do not try and twist my words as you do on a daily basis on this forum in every post I...

Sorry, To clarify further, the property is valued in this example by the bank at a $40,000 increase and then 90% of this or $36,000 is redrawn so the investor gets their capital back to use for the purchase of the next property.

Hi Hados, Congrats! Its a fun game to play :)

Thanks Col. I just thought I would break it down so people can see it is simple. Your on the right track mate, keep it up!

I have recently had people say its impossible to build a property portfolio of large size starting out. Also heard many other negative connotations. I was lazing around today and thought I would make the following blog below which I posted on my site. It is insightful knowledge and practicle...