Hey Drac
I am an older investor who had high hopes and dreams about property when I was your age but all I ever encountered was people who told me that I couldnt do it. It took me a long time and a lot of books, research, seminars and talking to other investors till I had the confidence to do it myself. This forum and site have been invaluable to me and although I dont post often I am always there in the background reading and gleaning information. Dont let anyone crush your enthusiasm, always look for any information available to seive through. Ask stupid questions because once you get the answer you dont need to ask anymore and your wisdom on the subject will have grown. If older investors arent willing to pass on what they know and have the patience to deal with the impatience of youth then they are cutting themselves off from one of lifes greatest rules. Pass on what you know and it will come back to you tenfold.
Keep asking ok
Oh and by the way – I think blue socks today lol
Eden

Sorry Terry
Still not quite getting it.
Am fine with LOC just didnt get the anagram. But if you didnt pay your interest wouldnt you have to pay a default fee on the loan. Is there a special way to organise this and also you would have to pay it at some point. Have never heard of this and feel that it could be a good strategy to know about if extra funds are needed to use creatively.

Love nothing better than a few good theories to play around with. This post has given me the most entertaining and informative afternoon I have had in a while.[biggrin]
I have been pondering the answers to a lot of these questions and getting bombarded with the Media Hype and canvassing brokers for a year now.
We have one PPOR ( house) and one IP ( unit ) in the south of Brisbane (Outer fringe CBD) and are in a pretty good position to buy again. So it has been interesting to see how the experienced investors are marking the current changes.
I feel more confident in sticking with our buy and hold strategy now
as the doubters were starting to get to me too.
Our two properties are in the same area and the prices here are still reasonable and with good rental yeild. I remember reading on a post though that you should be careful not to purchase too many properties in the same area.
Any thoughts on this.
Sorry to change the subject but I was so entertained by the post I thought that you guys might help.[happy3]

I live in Woodridge South Brisbane and if any one knows Brisbane they will probably ask why? Hey ya gotta start somewhere[]