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yes agreed

wait on, the Tax Office don't let you use any of their money.....oh no no They give you back whatever part of your money they shouldn't keep, but that's all.....

Interesting points Evan & LaAussie, enjoyed reading them.Th econfusing hting for many new ones is the fine line between do it right & do it now! as both are virtuous.... Had I waited, I wouldn't have saved a deposit to get into an Ip, bloody hopeless... However, evan reminded me htat back in...

Not too complicated.. This is what happened to me.. Bought my 1/2 dad's place off my brother for 50% of the total property price -obviously no LMI required.... in late 99 In 2004, I borrowed enough to buy & pay for purchasing costs of an IP. I signed paperwork that my first place was...

Looks like 6 years for my first to become cashflow + (4 down.. 2 to go) A bit long ? (I did borrow 100% though, with my ppor as collateral, which has since been removed)

Most pple have to borrow money to buy a house (got a psare $100k cash lying under the mattress !) So people borrow & pay the shortfall not covered by rent, yes, hoping the property will go up - but why would you buy it otherwise with a view to selling it or living off it in one form or...