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They can't all be wise investors who know everything now can they. I mean what did you expect, he is a high income earner after all hey ? :rolleyes:

Dazz answered my question pretty well before. But was able to do without focussing on the guy's supposed high income and therefore ability to accumulate being easier. Rather, I got the impression from Dazz, that an alternative may have been to buy more wisely since the ability was there...

So I guess to simplifiy it, it's the danger of lots of quick accumulation using a reasonably high LVR (71% as I explained earlier is what Q's LVR is not 80 - just divide his $4m Loan by the $5.6m Value) and not having the luxury of time kicking up the yields.

Marc, you are the only one to go on about high LVR's, everyone else has accepted Q's LVR is lowerthan 80% (he has given us the details, not like we have to guess and theorise) - Doesnt that same thing apply to me ? My income & access to LC abased on that income for servicialbity can leave...

Although Bayview was talking LVR's and you said you agreed with him when he said this" This is why a very high LVR (more than 80%) is dangerous, no matter how many zeros are on the end. I guess if ***** hit the fan and you dont have access to easy LOC or savings to contribute, you'd be in...

Did I misundertans earlier ? Q's LVR is not greater than 80% ? BUt you seemed to express concern at it (that's the only way I can think of to say it right now) ? $4m loan... $5.6m value is about 71.5% oh, and dont think Im pro high LVR's or expreienced enough to know if I should be or not, I...

Which is what I'm asking Psiton... MY LVR & Q's are about the same about 71% odd But he semeed to think I'm ok but Q in a more dangerous postion ? Is 70% LVR too high ? What about 62-63% LVR ?

My shortfall should interst rates increas would end up being just as big compared to my current debt/loc/equity & wages as Q's. My tenatns would be just as unwilling to take it on and the ratio would feel as large for me too. But I guess youre syaing, I could budget a bit tighetr, earn a...

I'm hearing you, just tryng to undestand it a bit better..:) Isnt my risk the same ? The amount of shorfall in proportion to my overall positon and wages is the same as Q's so the unreasonable rent increases reuired to fund his shortfall are the same for me - my tenants wouldnt be happy aobut...

I just meant it this way Pistonbroke... Seems like he's got about the smae LVR as me but 4 x the assetts... so he's hoping for the sme growth etc that I am.. Is the difference that he's risking too much $$, that wht you're saying ? or is 70odd%LVR too far to push the envelope from a risk...

All I see is $4m - $5.6m is the same ratio as $2m - $2.8m is the same ratios as $1m - $1.4m is the ratio I woudl be at if I bought anotoher IP for aobut $300k but I bought myfirst proerty 10 yrs ago, my 2nd 6yrs ago and my 3rd 6 mths ago, so it'll be 11 yrs to get here lol This...

true daniel, that's why you should never invest. its too risky mate, interest rates are going up, prices are crashng, dont you kw ther's a r GFC going on ? it's hard to admit aht someone may have done well, no, it's hard to admit someone amay have done better than us. It's almost like some...

sorry fudge, that post was as clear as mud bayview came on and blurted out "I'd be interested to knwo what lvr he is on" as he's not impressed by big numbers in the assett column, only by low debtand good cashflow I think acheiving $5.6m of assetts in 4 years is bloody great and mutiples what...

Ok you've confused the hell out of me mate.

Yes just my attempt at sarcasm, what did you think I meant ?

They do impress me. $5.6m accumulation in 4 years is, basically to my simple mind, an above average acheivement. I'm with Rixter, would be interesting to to read future posts.

What if you were on $1M pa in your JOB (an achievement in itself) and inherited $2.5M cash, and then bought a PPOR for $5.6M at ~50% LVR... (and this is without looking at the age of the individual/s involved). The details just put things into some sort of perspective, that's all. Then no...

Tall Poppy lumberjacks with nothing valuable to add are also allowed I think (I'll shutup now too)

true, no wonder he could do it. like all the other property investors out there, he was lucky.....:rolleyes: not like me sound familiar ?

Absolutely agree totally...