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Actually his cashflow bleed is a lot less than a 100k per annum...;) He are the numbers. Owes about $3.3m (2 are being built off the plan)...assuming 6.5% I/O...he is paying about 215k interest. Assume about 45k for expenses (I allow about 4k per property...houses tend to be...

Whilst $5.6m may sound like a lot.....it is very probable that Quyen has achieved. Not the sort of leveraging I have but nevertheless possible with loans which are still covered mostly by income from the rental properties. But judging from where he has bought....the properties will continue...