Search results

problem with property is the ability to keep buying. everyone is limited to their wage, and this is why most people are not able to buy more than 1 or 2 IP's. its all good well to say to buy 10 IP's and retire, but its very hard to keep buying like this without some other source of income...

how is the capital growth of those IP's skater? with such high rent, I would assume this comes at a cost of capital growth? I would also assume these are apartments with body corp, which also eats away at the higher rent collected.

yeh you would not be buying 200k properties each year. the value of each new purchase should go up every 3 years to be realistic. but this doesn't alter the outcome. the idea is to get to 1 mil worth of property as soon as possible, and then let rental increases do their thing. but I do think in...

the details left out of this nice scenario is servicing the properties. In today's climate, you will not be buying CF+ properties in high growth areas. Plus you need to factor in 2% increase in interest rates. Realistically, purchase your first IP, spend 3 years paying it down as much...

thanks for the examples :)