[biggrin] Agree with Chan. However 5 years may be a bit long to fix rates as it can also be expensive if rates drop and you want to get out of your fixed loan to adjust the rate.

If you are renting properties then you may want to fix your loan for the term of the lease. Most FI’s will fix loans for a minimum of 1 year.

Also never rent to close friends as it becomes much more difficult to increase rent when circumstances tell you that it is time to do so.

All investment has its own particular risk element, this is just one that is attached to property.

If you do what you’ve always done
You get what you’ve always got [grad]

Be dilligent and it will work for you

Sorry Kay
I was only trying to question the media validity of being so swift to knock down any one who appears to be doing anything different in this country to get ahead. It often appears that rather than applauding those who are changing things for the better in others lives, they are being mocked for something others don’t understand.
I am sll for the MAP program, and whether it takes one year or three, won’t it be better than what most will have done.

If you do what you have always done
You will get what you always got.

Glenn.