Thanks Jamie – that's great!

Hi Richard,
You said,….
"There is no easy answer to becoming financially free and it certainly won't happen over night.
Took me 10 years to build my portfolio and another 6 to have almost the entire investment debt repaid."
Would you be willing to share how you did this? So many strategies I see are – pay interest only and never sell. So debt is…[Read more]

Thankyou so much for your comments. The figures were really to try and gain an understanding of how it all works. Not my current situation. I now have a much better understanding so thankyou all for your comments. I will certainly get further advice from a variety of sources.

Oh Thankyou!!!
So still using the above scenario – I can borrow the $20,000 for the deposit, borrow $160,000 for the $200,000 property so still need a further $20,000 cash. Is that right?

Many thanks for your comments. I will seek further advice. Quick question though… Cant you use the equity in the two investment properties as a deposit for the third so you dont have to front up more cash for the deposit?
Thanks for your replies
Cheers
Gilly