I see, thanks for that.

I like what Jamie has to say. Especially SAVE LIKE CRAZY

I also think start small and do what is affordable and achievable. You wouldn't want to have a negative first experience.

Dear brmiau, I am 30. My current plan is to pay off my PPOR mortgage within 13 months. But also in the next 13 months, I am looking at buying +ve cash flow in USA and doing some capital development back here in Australia. If you had asked me 4 years ago (when I bought the house) to buy an investment property I think I would've died just thinking…[Read more]

Qlds007 wrote:
As Derek has mentioned if there is any possibility that you may rent the place out and buy another PPOR DO NOT pay the loan down but structure in a manner that the loan is interest only with 100% offset account.Be smart and maximise the tax deductions you can claim rather than pay Tax on your rent.Doesnt mean you cannot ever pay…[Read more]

Hey Brmiau. How to send you a private inbox message?Kim

Hi Michael, I can't say that it has not crossed my mind to refinance my parents' home and do some investing that way (afterall, I know another couple who have done that and did VERY well for themselves purchasing over 50+ properties in 5 years and are now both financially free). However, I just couldn't bring myself to entertain that option any…[Read more]

petejac1 wrote:
Just me personally, in hindsight I should have set it up with the single member being my Discretionary trust here, but ultimately it is all coming back to me anyway. As it took nearly 8 months to get my ITIN I just wanted something set up over there to get started. You set an LLC in the States for the Protection so I felt I…[Read more]

Positive Aussie wrote:
Hi Rosa, I completely agree with you when you say you are looking for just good investment, does NOT matter if other people are running it. After all, in compare to the amount of time overseas property due diligence takes, it is much wiser to get some professional help. Even after paying their fee, it will be a worth while…[Read more]

Are either of you looking at buying direct property over the the US in the near future?

Thanks so much Angel That actually really does help And today I reflected on my goal which is =  +ve cash flow That being said, I have done some "rough maths" and found that USA is def. the place for +ve cash flow, not Vic right now……And thanks for sharing your outlook even on something like age. You have made me realise that since I'm 30, I…[Read more]

WOW JacM, you have an amazing way of explaining things. Really appreciate the way you have communicated. It really helps.

Well I'm a bit of a novice myself, having only bought my own home (and no current investment properties). I bought my home pre-Steve McKnight books and properly educating myself.Whilst I have no regrets in buying my own home (yes, there is an emotional sentiment, and it's about making a house a home), something I would do differently is perhaps…[Read more]

Thanks everyone for you feedback. Appreciate it. And it's also very encouraging to hear that all of you have an optimistic approach to this idea. Any other recommendations would also be appreciated.

Thanks for your help all!Income  $65k/yr grossHouse paid off $300kYes this whole idea of positive cash flow is a new concept to me. i never knew you could buy a property where not only did the tenants pay off the mortgage, but you got cash flow from it too!!!

Thanks for your help all!Income  $65k/yr grossHouse paid off $300kYes this whole idea of positive cash flow is a new concept to me. i never knew you could buy a property where not only did the tenants pay off the mortgage, but you got cash flow from it too!!!