Sounds like a great idea. I’m in!
PS. Who’s Vivarto?

The problem with furnishing a property I’ve heard is that if something goes wrong with it, then you are up for more expenses to fix it!

I’m a finance manager in a leasing company.

Aiming for the 130 properties….but a long long way yet!

Thanks Melanie & Stu. I actually will not have any extra funds after the sale. I expect to be breaking even. Maybe after a few years I can sell for more. Right now my loan is $340K & the house is probably worth $340K.
I know, I have too much to think abut this weekend – it’s giving me a headache.

PS. Where can you find out the growth…[Read more]

Troy

As BC said, I think you have no choice but to look afar, or for that matter interstate as a lot of us are doing. Even overseas (NZ) for that matter. Money doesn’t come easy!!

As far as 20% deposit or using equity. Just remember that by using your equity you would then be financing more than 80% of your purchase. No problem with that…[Read more]

Ventura
I am in a similar boat to you. I think you are better to buy a IP and rent yourself provided that the rent youpay does not exceed what you would otherwise be paying in loan payment on your own home. This way the interest on your IP is tax deductible and so are all the other associated expenses with an IP. By renting yourself, you may be…[Read more]