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Ouch! fair enough, i'll pull my head in...

Wait!!! Stop the press!!! Ohh Darn, i've goofed up! I apologise.... I've been going over my calcs and reckon i've been including my yearly borrowings in the equity i've been borrowing against. In short, i've been doubling up. It's had an exponential effect on the value of my...

Oops, sorry Redwing, forgot to answer ur Q. So far strategy has been cheap reno's which have been "held" so far. First was my PPOR in Parkwood for 206.5K in mid 2004 (small 3x1) Next was large (totally hammered) 3x2 foreclosure property in Ellenbrook in early 2005. Got it for...wait for...

If you like messin' around in excel: A = Portfolio value in yr 0 B = Portfolio value in yr 1 C = Portfolio value in yr 2 D = Portfolio value in yr 3 E = 0.03 (3% apprec) F = 1.5 (60% gearing) 1 is 50%, 1.5 is 60%, 2 is 66%, 3 is 75%, 4 is 80% Then, Year 0 (A) = 1,400,000 Year...

Thanks guys, i appreciate the response. Wasn't sure if i'd get hammered for being so "enthusiastic" and potentially "big headed" for someone who's just joined this forum....been a member of Propertyinvesting.com for a while now. Rixter, first one was in Parkwood, then Ellenbrook, then...

This is the way i figure it. I'm 30 years old. 30 months ago i had 35K (20 of which i got from inheritance). Today i've got 600K in equity and 1.4 Mil in property. Thats a 17 fold increase in equity and a 40 fold increase in the amount of assets i control in only 30 months - by simply...