I really havent thought about it to be perfectly honest. I just cant see myself "working for the man" until retirement age… 55 years of age and retired sounds great to me.. How does that put a slant on things? quick retirement suiting a strategy of buy, renovate cash out as opposed to waiting for time based CG? is that the kind of thing you…[Read more]

yeah a little scary..but i am determined!!!!!!

Rusty! that doesnt make me feel good! lol

awesome responses on this thread and thank you all for them. @Catalyst… yes, i do see your point about going regional being contradictory to my aim of capital growth. I guess the reason for regional is that its more affordable (and serviceable) to start a portfolio without having to pay the city prices

Great advice from everyone here! Will definately engage a broker and see what i can borrow and take it from there. Without finance, the idea is dead in the water.

Thanks all, will definately hang around and absorb all the info/advice i can get

Regards
Rob

Hey Derek,

My current bank based on my current salary were prepared to lend me 860 odd thousand (no i didnt go for the lot but a fair chunk). We have owned houses before and this is our first build but have never gone for investment properties. I guess the reason why we havent invested before was my salary was always quite low, until now. I know…[Read more]

Well, after just finishing our build (with a project builder) im not sure that subdivision or development are the angles my nerves can handle. Not sure what a GF is (sorry dont have the lingo yet) but definately looking at something a little cheaper that needs not too much work, (ie maybe update floors and kitchen for example) for immediate…[Read more]

Thanks guys, i have never considered using Super as i didnt know it existed (the option to use it).

@QLDS007 – would love a copy as ive never considered this option. I have about 70k in super so its definately an option!

@Catalyst – what do you suggest instead of my strategy of buy and wait?

So much to consider but im determined to build a…[Read more]

Thanks red123nz!

Wish i did this 10 years ago when i first thought of it… It was actually the bank themselves that suggested i look at another property (said when they were checking my serviceability of current home loan). Will continue to read to see if there are better strategies than what i outlined above.