Hi Snowy, I started investing only 2 yrs ago & now I have two IPs. I can still remember the fear of taking that first leap! You're ready to get started, but you dont want to make a foolish newbie mistake, right? I agree with imugli and also my suggestions are:- Begin with a unit instead of a house because the rent will cover a bit more of the…[Read more]

Hi wealthjvd, I asked exactly the same question of my mortgage advisor and he confirmed said that people who own 10 properties have been 'in the game' for awhile and own at least 3 or 4 of them outright. Also, the lady who owns 50 properties probably bought cheap rural properties for $25K a piece, like Steve McKnight did – nobody can do that…[Read more]