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  1. lizzie

    Did you overextend yourself buying 1st IP - Importance of Buffer

    ... so you're moving in with your parents? Just trying to keep track :D
  2. lizzie

    Did you overextend yourself buying 1st IP - Importance of Buffer

    I know! Just waiting for things to settle on the job/house selling front.
  3. lizzie

    Did you overextend yourself buying 1st IP - Importance of Buffer

    Just did the calcs on those three units - if I'd done nothing else but buy them, I'd have cashflow pos of around $30,000/yr and capital gain of around $600,000. To think they wouldn't have cost me anything to own :o sigh
  4. lizzie

    Did you overextend yourself buying 1st IP - Importance of Buffer

    I think most of us, if we had our time again, would do things quite differently. My first IP's were cheap reno jobs that I then sold for an okay profit but, in hindsight, if I'd held onto them and rented them out they would've been positive geared from the start and wildly positive by now ...
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