At the moment, I am paying off my home. Every few years I am doing some renovations bit by bit. I am also paying off a large shed in a nearboughing town.

Single at the moment

Here to learn [smiling]

Thanks for your prompt and helpful reply there Draconis. I have seen Kiyosaki’s book but I was under the impression it was more about telling people that education is not as much needed in todays day and age.

Correct me if I am wrong [smiling]

This time I would like to provide you with a scenario if you wouldn’t mind [smiling]

Let’s say I buy a nice little house in a rural area for $350,000. 4 bedrooms, 2 bathrooms, living room, kitchen, games room, garage and a nice backyard.

Ok now let’s say I paying back my loan at $650/month (don’t know if that is unreasonable). Would I get some tenants who are paying $700/month so I pocket $50? Or do you go for a more wild number like say $850 or $1,000/month just so you have some money kept away for when the house is unnocupied?

I am really liking the idea of quitting the job and working the property market, a long road to a joyous goal I imagine [smiling]

Here to learn [smiling]