I don't have a SMSF...as I said previously...I don't trust the gubbermint....they will keep changing the rules. As I am 12 years from access super at 60...a lot of changes could happen. I am already contributing 30k pa into super...so will let it do its own thing.
I terms of income what I...
Yes...managing FEAR and GREED are the same coin just on different sides...
I see all these people jumping in seeing everyone who made money...this requires patience and planning. Jumping without thinking now in the Sydney market is dangerous.
In anycase who am I to give advice.. I just...
Great point.....but also people overestimate what can be achieved in 1-3 years but underestimate what can be done in 15 years of investing....
It is definitely possible to hit $5m+ worth of property in less than 10-15 years and $10m in 20 years. By this I also mean a decent chunk of equity...
Spot on ....Simon has done excellent work on acquiring the portfolio...he has done things very fast.
As you (Redom) point out....keeping the portfolio...is important.
Based on on what information gleaned:
1. The current total debts is 2.8m odd on 4.5% I/O that is $126k in repayments...
