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And he was still selling strawberries??????? I dont use smileys often but ... :eek::eek::eek::eek::eek:

1. yep - good tactic in a rising market, using leverage nicely. 2. I completely agree with you re being safe and prudent. I wouldnt advocate any other way - and that is one of the main appeals of RE investing... predictability. 3. Spot on - gotta have a cash reserve or equivalent on hand to...

Hmmm ... 11% compounded not spectacular eh ... What about if the neighbour only had to put in 72K to secure the property. In terms of equity (assuming bought for 20% deposit), ignoring costs and income 72K to 612K in 8 years. Whats that compounded? Roughly 30% IRR assuming 0 net...