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Is there any value in going down the PPOR path, get the FHOG, and pay off a $300k place within 13 years (paying down extra on the mortgage), meanwhile using it as equity to build up a IP portfolio? Bear in mind, my husband and I live in Sydney. We'd consider a 1 bed apartment if it wasn't...

Thanks Albanga and Peter for your replies. Both your posts have left me thinking I can hold out a bit longer and get myself into a good position financially and in the mean time, educate myself as much as I can. As a side note, my wonderful dad has also indicated that he may be able to...

Thanks, marty998, I was actually wondering what the ball park figure would be for net assets generating $100k income. $2.5m.... doable, I think?? :-) And yes, Westminster, I did think that banks would shy away from tiny studios. I know the old argument of houses vs units is as old as the...

spludgey, your story is very inspiring!! However, $50k deposit is VERY impressive and I'm not even close to that. was your first purchase around $500k then? can you share roughly what sort of properties/areas you have in your portfolio? I'm ok with it not being fun - I'm ready to knuckle...

http://www.realestate.com.au/property-unit-nsw-bathurst-117790699 I was looking at this one... except it's only 20/25m2. Probably not a great idea. But the allure of it only costing me $2/week is pretty good. Plus even if new unit developments pop up in Bathurst, surely the old studio...

LoneWolf, I like your style - simple and direct!

Hi Rick, thanks for your reply - I have seen a similar reply in another thread, which led me to start my own thread to present my personal situation and hope for some advice specific to me. As I said, what I'd like to do is have about $100k/pa income from investments within a 13 year time...

The cc is at 20.99% (insane) so I plan on consolidating that with perhaps a 12 month interest free cc and just paying it down ASAP. Regional properties seem to be a great option for me as they have low purchase prices, high rent, and if the area is right, potential for growth. High rental...

Hi everyone! Just throwing out my situation to see if anyone would like to offer any advice: I want to get started in property investing, but I have a bit of debt and no savings. Obviously the first step is to pay off debt and start saving for a deposit, right? I just have a fear of...