Hi All
How many people here (as a general discussion) still owe quite a lot on their PPOR?
I still owe approx 80% but have an IP and many people (not on this site, just friends) advise dont invest further until the PPOR is paid off, but I think that is completely wrong. Im going to go for it, I want another IP within 2 years after studying up further.
In the many many years it will take to pay off the PPOR I could have used the amounts for deposits on many IP's in which collectively will go up a lot more in value, not to mention that in 15 (example time to pay off PPOR) years an IP I could have bought today for $350k may be $1m.
Thoughts/comments
How many people here (as a general discussion) still owe quite a lot on their PPOR?
I still owe approx 80% but have an IP and many people (not on this site, just friends) advise dont invest further until the PPOR is paid off, but I think that is completely wrong. Im going to go for it, I want another IP within 2 years after studying up further.
In the many many years it will take to pay off the PPOR I could have used the amounts for deposits on many IP's in which collectively will go up a lot more in value, not to mention that in 15 (example time to pay off PPOR) years an IP I could have bought today for $350k may be $1m.
Thoughts/comments