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  1. josko

    How do people buy dozens of house yet on the same wage

    yes, you are right blaster. There are three hurdles: 1. If you stick with the same bank, you will come across problems. I have a client atm who has been told it is not possible to lend more money based on income. WRONG. At that particular bank- Yes, but certainly not at other banks...
  2. josko

    How do people buy dozens of house yet on the same wage

    hi JB, Well done on the 3+ properties. You need to move to another bank. Get a MB that can run a few figures for you. Different banks...different servicing calculators. You also need to diversify your banks and seem to have too much exposure to CBA. If you have X-Collateralised......you'll...
  3. josko

    How do people buy dozens of house yet on the same wage

    Hi blaster, Don't forget that someone with 9 or 10 properties may have only bought them for 150k two or three decades ago. Nine or 10 properties does not necessarily mean 4.5mil in debt on an average income. In your accumulation phase, you start with what you can afford or rather...
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