getting over the bump of cash flow
bit of background,
i own my own home which i live in, also have a pair of town houses(semis) on one title currently rented and another house rented,
LVR is at 79% according to very recent bank evaluation, and I am slightly positive geared after all expenses across my small portfolio.
I am married, aged 30, we have single medium income and two children. we have done quite so far considering the limitations a single income puts on lending limitations
If I buy anymore houses in my state I will incur land tax, which will make positive geared opportunities harder to find. I would like to keep purchasing positively geared IP's but I would like to know if anyone else has been able to do this and still manage to get 10+ properties (if so what are the options i could take)or if this is wishful thinking
are trusts or investing in other states my only options if so how best to approach them
bit of background,
i own my own home which i live in, also have a pair of town houses(semis) on one title currently rented and another house rented,
LVR is at 79% according to very recent bank evaluation, and I am slightly positive geared after all expenses across my small portfolio.
I am married, aged 30, we have single medium income and two children. we have done quite so far considering the limitations a single income puts on lending limitations
If I buy anymore houses in my state I will incur land tax, which will make positive geared opportunities harder to find. I would like to keep purchasing positively geared IP's but I would like to know if anyone else has been able to do this and still manage to get 10+ properties (if so what are the options i could take)or if this is wishful thinking
are trusts or investing in other states my only options if so how best to approach them