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I'm 33 (some wouldn't consider that young anymore). 1. I bought my first house in Bundaberg in 2002 for $89k Did some cosmetic renos and moved out a year later. It rents today at $240p/w 2. I used the growth (equity) in this place to purchase a new OTP townhouse in Nerang in 2003 for...

Gooram, If you are comfortable self managing then keep doing it. However do you know any of the property investment authors, some of which frequent this forum, who advocate self managing? You would be lucky to find one. I can understand if there is one or maybe two IPs but once the portfolio...

It's a good question Gooram. I would use a property manager regardless whether my rentals were in the same street as I lived in. Yes self managing may be rewarding but I imagine your opinion will change when you get a nasty tenant or a tough legal situation, and believe me something WILL happen...

Thanks alexlee. Our cashflow is good at present given that we are both working and we are in government subsidised housing so we are lucky not to have to pay rent. We also realise this won't be the case forever. LVR sits around 70% which I would like to lower & hopefully the managed fund...

A little late to join this thread but thought I'd add my two cents. I still consider ourselves 'beginners' in that you learn something valuable everyday. I would love to get involved in a small development project next. Who knows... I am 29 and my wife is 30. We are both salary 'slaves'. A...