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My only question would be regarding the amounts. The LOC at the start of the thread was $500k. It may bempossible to get $600k but that would depend on your bank's valuation of your poor.

It depends on what you require to live happily ever after. And it depends on the time frame, and what else you do. Many people have the ability to not only survive, but to thrive, on $50k pa. From what you've said, you would require a lot more than that. In a few years, your income and...

Having the debt, but putting cash into an offset account, would only cost the setup fees. This gives the flexibility of having a loan without the expense, and keeps a few more options open.

Using the loan, and then putting excess cash against the loan, is a good idea. Sorry, I should have thought of that. It gives the flexibility of a loan without all the costs. Just don't put 100% against the loan in case that closes the loan completely.

Your maximum leverage would be obtained by taking a big hunk of your savings as a deposits, and then borrowing to increase your purchase power. $3M would presumably not be difficult to do. I'm not saying that this is the most advisable thing to do. That would be too much with your level of...

I've heard it said that one should do research on 100 properties, make offers on ten, and buy one. The more you research and make offers, the better you will get at it.

I think most people on the forum borrow because they have no other option- or then to be able to go further with the assets they have. This may be the subject of a new thread. To me, it seems a waste to have well over $1M sitting in a deposit account earning perhaps 3%, and then borrowing...

China, I wouldn't have thought that you would be restricted much at this stage, given the level of your savings and income. I'm only surprised that you are going for a LOC at all instead of using saved funds.

It's taken two and a half years so far. Three or four more won't matter.

But if he has a vacancy it could be a long one, and we'd never hear the end of it.

There's still mistakes which can be made. Real estate investing requires some knowledge. But it's not rocket science. It doesn't take years to acquire. Just looking at demand vs supply for instance can help to avoid many mistakes. If there's a big supply of units coming onto the market...

I've only ever known one doctor really well. As an exchange student many years ago my host dad was a surgeon. He was very well off probably, but had very few signs of wealth. He lived in an ordinary house and drove an ordinary car. He did have a holiday house in the area though- with fabulous...

I guess that investing requires a different approach to medicine. To an extent it requires a leap of faith as its quite possible that whatever you choose to invest in could go wrong. There's no way to guarantee a good investment outcome no matter how careful you are. However you do have time to...

I had never considered IPs until I went to a DHA "seminar". It made sense so we decided in a very short space of time to buy a DHA property. 16 years later we still have it. (We had an IP by default in England. That was an extremely bad performer, although we probably lost less by keeping it...

Feel free to answer about commercial properties as well. The topic was way different from the thread topic in the thread where it was. It just seemed an appropriate post to start a new thread.