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No renovating involved but nothing stopping anyone from applying renovation to my CGA Strategy to speed up the accumulation of equity growth and property purchasing frequency.. That's the beauty of property investment - there's as many ways to create wealth from property as there are investors...

I started out building my multi $million property portfolio now spread across Australia on $45k a year and have attained the goal you suggest. It took me less than 10 years.

You need to change your paradigm. Do this and every aspect of your life will change. Success is 80% Mindset x 20% Strategy.. in other words 'how' you think is FOUR times more important than 'the investment strategy' you intend to use.

You have just answered your own question on why I want to know the answer to the questions I am posing to you.

I will lead by example since you are the new kid on the block. I paid $280k current PPoR and havent paid a cent off in 9 years. In fact we've increased our mortgage via LOE however our net wealth far outperforms it .. Im 49.. How old are you, whats your investment journey to date?

Of coarse. I see you are newbie here. I've posted my journey many times over the past 12 years if you care to search.....how old are you?

How old are you what did you pay for your PPoR?

What size mortgage did you have when purchased?

What time frame/date have you attached to paying off your PPOR by before so you can start your investment journey to attaining 2mil net ?

Correct. You dont have to get it right you just have to get it going!

When did you buy your ppor and how long did you pay it off in? How old are you now and what age do you want to reach your 2Mil goal by?

China, out of curiosity, how old are you, what group are you in where are you in the journey?

I wouldnt call members of Somersoft being 'average' person with average knowledge. Just by being here alone sets them ahead of the pack and above average. They are here to learn and apply the knowledge to increase their wealth & lifestyle.

Maybe for you it is due to your knowledge level & paradigm. Going back to your previous post, can you provide me a property investment without any of the risks you have thrown forward?

Lets get some perspective here....Everyone is exposed to those risks irrespective of when they start investing....show me an property that doesnt. The financial & lost opportunity risk of starting investing after PPOR ownership outright is far greater.

Before exiting rat race, our idea is to top up LOC/s until you have sufficient funds already available to cover your lifestyle costs for a minimum of 10 years or a property cycle. So you are not waiting on future CG to materialise into equity, its already sitting there. ..sounds similar to your...

So its not cash on cash gain then because you didn't inject any of your own money in..it was OPM. (borrowed funds) injected. So it becomes your IRR.

The question needs to be asked though - was any of that 40k bleed leveraged funds or was all cash used?

No, that is just a matter of perspective & not the case...those few people have acquired the knowledge and choose to apply that knowledge to earn a better rate of return than those who settle for paying off their PPOR first. Big difference.

What if you can build a portfolio where by your wealth is appreciating faster than by how much you're paying off your PPOR? Instead of putting it into your PPOR loan and it becoming dead equity until you've paid it off, put those same dollars into acquiring income producing assets and get it...