Hello All, I am close to signing up for an off the plan apartment in one of the multi-storey building being constructed in Fortitude Valley with my SO. This would be my first IP for an approximately $530K property to be setled in 2016 with a 10% deposit now. This is being done with a property group who believes we can get at least 5 properties in 5 years with our current income, paying interest only and using equity of the IPs to purchase the next one(s). Later on, to sell one of the IPs to pay off the others. In case I am in way over my head and a bit too trusting, are you able to see any flaws with the plan this property group are going with? I will be meeting with them soon and do not want to sign anything I will regret later. The initial property appears to be in good flood-free locations and has generated a lot of good press, so it does look to be a good investment.