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Sorry .. but you're talking through your hat. You can believe what you like, but that doesn't make it correct. What you're prescribing is a road to poverty. Read Jan's books. She presents real mathematical evidence that the best time to buy your first IP is "as soon as you can afford to."...

Read Jan's books .... Have you ever actually read Jan Somers' books? If you have, time to re-read them because you're NOT with the program !! BTW this generous lady and her family provide this forum for FREE. No ad's etc. Huge respect !! LL

Yep - 5% is a good benchmark. You may well be able to "hit a home run" and get 200% return ...but let's see you do it consistently when you're "old and grey". There are very few rich entrepreneurs out there. Most make it and then lose it. LL

3M, You're in THE mining boom state. You're still young. Perhaps a career change is in order to improve your income ?? Lot's of money changing hands over there. Perhaps sell your PPOR, clear out that debt. Perhaps rent and invest is a consideration for you. Any money in super? Can you identify...

Rixters got it ! Rixters explanation of how carried forward INCOME tax losses (credits) are used to offset/negate future CGT is perfect. Many people don't understand this, because they are confused by the fact that it dosn't work "the other way around". i.e. you cannot offset capital LOSSES...

The end game is here... We entered "the end game" world in 2006 and chose the LOE path. So we're six years into it and "still dancing". We've always been neg.geared and still are. I think to make "the Jan plan" work you need minimum two good property cycles. During the first you use the equity...