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Well, I guess the scoreboard's looking smarter than yours! :p

I hope THIS helps. :) (...for financial independence.)

ie If you require 50k p/a income X 10 years = $500,000 ie If you require 100k p/a income X 10 years = $1,000,000 Hope this helps.

I go to my MB and my MB tells me which lenders & product options I have available. Like I said, we just refinanced 2 more full doc loans waiting to go to settlement, and Im also getting an approval in principle to go IP shopping again now. Give the banks what they want to see so they can tick...

If you left yourself in a taxable income position then yes of course you would have to pay tax..but why would one would want to pay tax is beyond me - simply buy another IP. :eek: Damn shame that, having to buy more investments and therefore increase ones net wealth even further just in order...

Different lenders have different lending modules. Some take into account anywhere from 80% up to 100%. Lending has certainly tightened since pre GFC days but while the banks/non bank lenders are in the loans business, there will always be funds to be had. We are currently working towards...

As long as your asset base is appreciating faster than you are drawing from it then your LVR will be reducing and your financial position and net wealth will be increasing.

No, IO loans so no principle gets paid down. My IPs bascially become neutral/positive geared anywhere from 3-5 years from purchase. All my earlier purchases are +ve and offsett my latter purchases. Overall portfolio becomes neutral/positive cashflow. So now controls a multi $million...

You can do that but also remember you are not paying any payg tax in the first instance, so have nothing to claim back. All my loans are IO (to maximise my cashflow and use to cover holding costs on additional IP's) and I channel all taxes back into my investment LOC's. Always have a...

Bespoke, this is a post that describes my chosen Investment Strategy that involves Villas & Townhouses. Like with any negative gearing benefits, the higher the tax bracket you are in the greater the monetary return. So if you are in the 30cent tax bracket you get 30cent for every dollar you are...

currently ranges 5.5 to 14.7 across portfolio (2 Ip's <10)

Good quality well located props around satellite cbd's within the Perth , Brisbane & Melbourne metropolitan areas.

Tracey, yes I purchase modern near new 2-3 bedroom 2 bathroom town houses or villas and commission a quantity surveyor to provide a depreciation schedule. Yes its easily done today. A QS can provide you further clarification on their findings for other clients also. There are a couple who...

From my experience buildings depreciation is a substantial amount over a greater number of years in new/ near new property compared to sub 1985 constructions. I get back approx 55-60% of the purchase price back in depreciation deductions alone. My chosen GCA investment strategy is actually more...

Up to 40 years on new or near new property. Why only up to 5 in your case? What do you think the driver of low growth was?

Obviously from not setting structures in place to maximise cash flow & minimising risks. Structuring to maximise cash flows - possibilities include things like properties with attributes that meet current/future demand; newer properties to attract higher yields; greater non-cash taxable...

CRC, I'd be asking the same question - why didnt I fix rates? We know the leverage asap and hold strategy is not flawed because its working successfully for others. Possible issues arise not in the strategy itself , rather the execution of it in relation to lack of focus towards maximising...