JacM, I share your views but there’s only so much I can do re convincing my wife. I have more than $100k sitting in the bank earning enough interest just to keep up with inflation. $500k equity in my home. No other debts except credit cards which I promptly pay off each month. My affairs are very simple.

Tried to talk to my ultra-conservative wife about investing & it didn’t go well. She feels insecure about having cash in places other than in bank deposits earning interest. Will try again in a few days. Wish me luck.

JacM, thanks for voicing out.

JacM, thanks. Your example really helps. I actually know a friend who did the very same thing. He now owns (fully paid up) 3 houses in the ‘burbs. Planning to head to Boarders & pick up a good book. I don’t have much faith in shares so properties will have to do for me.

JacM, thanks. So that I am clear, Interest Only loan is where only interest is being serviced & no repayments towards the principal amount. Offset account is where excess cash can be credited into the loan account to reduce interest costs but not towards permanent reduction of principal. These excess cash can be taken out again for other purposes…[Read more]

Yes, I understand that. Borrow to invest in property is ok with me. Thanks for the link, reading it now. Cheers