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In answer to some of the questions
How often do I get stressed. That's a great question. It varies, everyday issues tend not to stress me too much, by that I mean vacancy , tenants moving out, repairs , late payers. I guess its becuase I have a plan in place to deal with them. By having available funds to draw down on this reduces the stress when these issues arise, as long as the funds are there to cover expenses I tend to sleep ok at night. Also landlords insurance covers the malicous damage, non payment issues to some extent. Insurance companies don't cover everything and you are up for excess etc.
Interest rate rises were stressful as I could see expenses increasing dramatically but luckily now that is happening in reverse with the rate cuts.
Also the global financial markets have been something concerning as I don't really know what is ahead but I am trying to keep my cool and just ride out this uncertain period and concentrate on improving cashflow.
Just wondering why the focus on LVR?
I have 14 Ip's, and a $2m PPR and retirement is 3 years away.No need to upset the rhythm when you get to that point.The advise on this forum has been invaluable.
I have said it all before redwing.
Just haven't been on here for a while.
I am concentrating on art now, a whole new world!
http://www.somersoft.com/forums/showthread.php?t=43415&highlight=mackay&page=2
And since I joined this forum, i have also helped my son into 6 units, 3 houses worth $550000 each, and a half share in an other great property,( took him 3 years) my daughter and her partner have also obtained 2 houses,( took them 2 years) and all her friends have followed suit. They are all on their way.When you succeed, share it around and never get greedy!
But the main thing is to get started young, help them to get started young, and then keep feeding the information to just keep them ( and yourself) going, and listen, read and learn.