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Howdy,
I’m only going to use the $50000 cash that I have at the moment as deposits for the 4 – 5 positively geared properties I intend to buy in the next month, after getting all pumped up while reading some of the posts here! I see the benefits now, and can’t believe I’ve wasted time and money pursuing other areas…
Blondie – I’m intending to convert to P and I because I’d like to own the Blairgowrie place down the track… it’s in a great spot, a really unique place, more than an investment to me and my fiance… I see it as a place where many happy times will be spent down the track and something that I can pass on to my kids and their kids to enjoy for years to come to go surfing, fishing etc… there’s room for some sentimentality isn’t there? If I get out of the market on that part of the peninsula, it’ll be a long time before I can get back in.
I know it’d help cash flow to stay interest only, but if I do that, I’ll never own it… besides, I think I can get a decent positively geared portfolio happening regardless…
Please point out gaping holes in my thoughts… I don’t want my sentimentality to create total stupidity (partial stupidity I can tolerate, but not total) [
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