Wow ! Thanks for all the insight and time taken to explain the various approaches.It has helped me to understand a lot more as to why it is done differently.Not being one akin to debt, I will be paying off the loan as quickly as possible for the IP.Thanks again for all the contribution.Scot.

I do not have an exit strategy…….as yet anyway.I am hoping that with the property investments, I would not have to worry about where the money would come from.That is when I want to stop working.I could pass on the properties to my children when I am gone.I prefer to pay off the mortgage as quickly as possible.So with investment properties,…[Read more]

gipsI am in a very similar situation as you.Just started looking at property investment, and not finding it that straight forward and easy.My situation.PPOR fully paid up. Est 1M.Running own biz, paying myself $70K, Wife $35K.Biz is not fantastic but churns out profit abt 120k per year after all expenses.The biz will be the cash cow.Line of thot,…[Read more]