You’re right @xdrew, don’t settle with IF, think positive and change your IF to WHEN because it will inspire and motivates you to be a millionaire.

Thanks @xdrew, that was the same thoughts I have 2 years ago (with less income and without the 2 kids). I thought this year work out our finances better, and work towards our first investment property!

@TheFinanceShop, yes, definitely change to IO loan when converted to IP – been following that thread as well. The bank approved $435k, so thats…[Read more]

Thanks a lot everybody for their posts..it was very helpful.. Shahin I was looking at units rather than houses at this point in time. @xdrew, thanks for the detailed response. Will take on board all your advice.

Thanks guys for comprehensible explanation.@ryan ; reason was I planned to rent out is current my work location is 250km away from Melbpurne and I just now started to look for to move close to melbounre.  And by looking the current market trend I feel this is the time to buy.@jamie: if  I buy as IP and after 3 years I move to my IP without c…[Read more]

Hello Everyone!First thank you for the big welcome!It has been quiet a week, I read everyone's responses here and I've made some progress.First of All I've started looking for another job. $13 and paying Mr Blockbuster is never going to grant me financial freedom. That being said I'm not sure I'm in a position right now to open my own business, I…[Read more]