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thanks Dave, Glebe & Steve - re margin lenders for NavFund. Saved me asking that as the next question. Dave, you don't need that mouse wheel, mate. Just use the ol' up / down arrows, or page up / down. Ergonomically superior?

Didn't realise, Steve, that 70% gearing was available on NavFund. Good info, thanks.

Merovingian, There was also rental income, of course; though the properties are not high yeilding. Living expenses for me are moderate; not frugal. Strategy: gear to 80% into IP; with growth, revalue & borrow again to 80%; buy another IP. As basic as it gets. Rapid progress thanks to...

Merovingian, Well, you'd consider me mad. Much more than 40% of my income goes towards investment loans against residential properties. I think there was a poll on the forum not too long ago on the very subject. When I worked for a wage, about mid 2004, it was about twice that, I think...

Qaz, I would favour a different interpretation. Most wage earners have their wage as the primary income source. Before having an IP about a third of their wage goes in tax, a third on living expenses and a third is available for loan payments. Having bought an IP, 20% of the rent is...

Thank you, Steve. Your comments are appreciated and I'm sure spot-on, for me. I have the barest fraction of diversification - across a couple of postcodes down Mandurah way and also a couple of places in Perth itself. I wrote earlier (separate thread?) that diversification is a subject I'd...

sensitivity Many thanks for your posts, Steve. Considering analytically the long term success of the investment strategy, I suspect the element that is most important is capital growth in the property portfolio. And that the long term success of the strategy is most sensitive to variation in...

thanks, Corsa

Corsa, While appreciating your comment, Steve is doing this voluntarily. I trust that he will let us know if we are asking too much. cheers,

another explanation Thanks Simon, I use a quite similar approach when explaining it to interested people. It is easier to understand with some big numbers. As in, say you had a $10,000,000 portfolio and owed no debt. Even with no income, one could borrow, say $100,000 for a year's...

Francesco, Does one ever really retire? I can't imagine I'll ever be seriously retired. Always learning, growing, changing in all aspects of life - including investing. regards,

passion Steve, Like Peter Spann's message about Ferraris (yesterday in the Coffee Lounge), it is obvious you are writing with a real passion. Thank you very much for your very welcome contributions. Of course, all are keen to receive the next installment. Can you recommend one or...

Marty, To me, that is virtually the same thing. It uses some of the excess equity for another IP instead of living expenses. And the wonderful comments that this thread is generating could be equally applied. Thanks all for comments so far; I'm keen to see where this thread leads...

great post, Keith Superb post, Keith. I plan to live off equity and find your well thought out & expressed comments both sensible and logical. I'd like to think I'll be OK: the plan is to use only a fraction of what is available. For example, if the portfolio is increasing in value...