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I think Beachgirl is suggesting that some brokers simply make their recommendations based on which lender pays them the most. Certainly this does happen, it happens in pretty much any service industry. Like any industry I think the dodgy operators are in the minority however. The reality...

More like 10% - 13% unfortunately. The 8% scenario kind of works with a few lenders where they use other lenders debts at the actual repayment. The problem is they still look at their own debts at an assessment rate which still puts some limits on how much you can do with a single lender...

Using 20 properties as a broker qualifier is reasonable I guess. To be fair though, there are very few brokers who have financed clients into 10 properties. 20 properties is rare indeed. The real point of course is it's about building a portfolio to achieve goals, not arbitrary numbers. I...

I tend to agree with Marty... I've got a few clients who have been able to build quite large portfolios worth reasonable amounts of money on an average income. The achieve this over time. In the first year they might buy two or three properties, then they'll run out of equity or savings...