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say you kept two, 1 paid off, and one 100% LVR.. then you focused BOTH rents plus your wage into IP2.. you could pay it off pritty quickly.. say in 5 years? in 5 years you would own two IP's, paid off, which are significantly higher in value.. and even if price remains flat.. your still doing...

and what % yield your getting for these?

thanks mate..I dont give up.. but I did change my stratergy to something which suited where I'm at now.. I still believe in property, but I'm not as aggressive anymore.. I want to enjoy life as well.. gearing up to high will limit lifestyle to much.. unless one can buy properties which...

can I ask where your buying them? what city?

5 years is when you get the bulk of depreciation. beyond 5 years you pritty much only get building dep, which isn't much in the way of tax back. The driver of low rates was cause the properties were flats.. as I mentioned b4, doing things again, I would only buy houses with land.. even if it...

The properties did not have any problems, they were renovated, with new fittings. Depreciation only is applicabable for up to 5 years, anything beyond this is only small. Those flats, were in good areas, yet didn't have much growth at all.. the house had good growth, and did double in 10...

the small managed fund I have is a very good one with a 10 year track record, 15.7% return to date http://www.primevalue.com.au/ so I dont think I need to get rid of this one.. but yes most managed funds are a waste of time.. agree here. Others suggesting here to buy a second IP.. well if I...

so where did I go wrong with my property selection? A house in East Bentleigh, flat in st kilda, and flat in south yarra.. they all are premium suburbs! I think I went wrong with buying my 3rd IP, I should have stuck to 2 IP's, and payed them down a bit and waiting for rents to raise.. and...

Give me a suggestion I would like to know what others would do now in my position. I have a house for 18 months. Worth today approx $400k, and I owe $250k. I have $35k sitting in offset and $5k sitting in australian managed funds. I get $330pw rent, and pay 5.04% interest variable from...

Thats correct.. when I pay down this loan, not necessary pay off, I will have heaps of cash flow free to invest in the future, not been tied down to interest payments only. Rent doesn't increase fast enough to cover rate rises.. which is obviously ahead now. Yes, and I know that I will have...

I didnt fix rates cause the lender I went with had very expensive fixed rates.. It was Locumsgroup which was recommended by freeman fox at the time.. their variable rates were good, but fixed rates were expensive.. plus the advise was that fixed rates always cost more, so its better to stay...

I pritty much started again, sold everything in 2005 (should have kept the house, and sold the two flats, but thats another story) and re-entered the market beginning in 2008 with a house with 850sq block in ferntree gully (VIC) now I paid $365k for it back then.. 18 months ago, now according...

its all about cash flow, the more cash flow you can create, the quicker you can leap forward.. you dont need to necessary pay the houses completely.. but pay most of them down.. I would pay them down via offset accounts.. as I'm doing now.. after been forced to sell 2 IP's in 2005 due to...

my advise would be not to get sucked in with this buy, 100% interest only, and then buy again 12 months later, and keep buying as soon as you can.. I would buy 1 good house, focus 4-5 years paying it down.. even pay it off in 7 years, then buy second IP, and do the same, second IP you can pay...