Excuse me for being the cynic but I get more than a little bemused by suggestions that making money isnt a big factor in real estate investment.
Come on now!
It’s like all these people who say that money isnt one of the most important things about their job, but the boss doesnt grant that expected pay rise and all hell breaks loose. You see this every day.
I would almost go as far to say that it is firstly about the money, and providing that you are a moral person, the benefits to others are the icing on the cake.
If you are all about helping people then raise money for charity. Put all your efforts in to that.
If, on the other hand, Steve is suggesting that you must have a genuine interest in property to make it work, then I agree with him. You MUST be passionate about what you do to be a success.
If you are still paying of your loan on your PPOR and have equity you are using from that property then you should purchase your investment property on an interest only loan and use any additional funds to pay down your debt on your PPOR, thereby increasing equity.