When do you decide it's time to get another IP?

[Jodie701]

Do you decide when your LVR drops to a certain % or ?

 

[Pete]

Hi, Jodie.

Buy again when you comfortably can (afford to).

Regards,

 

[Dazz]

When your accountant informs you that you shall need to pay tax this year.

 

[want2bewealthy]

Whenever you can.
the best time was yesterday, in most cases anyway. .

 

[peastman]

Decide on your desired LVR.
Do a budget to work out your cash flow position.
When there is enough room on both of the above, it is time to buy.

 

[tobe]

When the valuations have increased, and the banks and the wife gives the ok.

 

[ianvestor]

I agree with the above... If I wake up breathing, it's time to buy.

 

[kissfan]

Also agree with all of the above.

In accumulation phase (does it ever stop ), you should aim at buying as much as you can as quick as you can (to let compounding effect take place) providing all the already mentioned points are in place.

Just don't overstretch yourself too much.

Regards
Marty

 

[arungounder]

When the valuations have increased, and the banks and the wife gives the ok.

In my situation the valuations have increased and I am ready to buy but the wife has not given the OK so have to wait till I convince her

 

[stumunro]

In my situation when I have enough of an equity buffer to capitalise 5 years of interest on the new property without any growth.

 

[steveadl]

Assuming my cashflow is ok, the second I have enough equity available and sometimes before that!

 

[HiEquity]

Currently, we have two preconditions for buying:
1) See something we like (happens most weeks...)
2) Our serviceability can handle it...

A third one used to be having a deposit but equity hasn't been a problem for awhile now!