Hello all,
I'm new to this forum.  My family (hubby and 3 kids) currently have 3 positive IP's with settlement occurring on the 4th in Jan.  I just want to say that I'm not familiar with the Investor talk and having trouble deciphering what you saying.  Please help this newby.  What is nodoc/ lodoc, WRT, PPOH?  I know this sounds really ignorant, but I have never been to any seminars, nor to any websites about investing before.  I have just really stubbled into it and been VERY VERY lucky with the first place we bought but have now sold.  And one more thing? I have all our loans on principle and interest loans.  Why am I reading that this is not the way to go.  My figuring is that if they are all positive cash flow properties, as all ours our, then by having the loans prinincle and interest we are just reducing the debt quicker with a slightly lower interest rate from principle only( with the bank we use).  Although in the long term I understand that this will limit our capacity to service the loans if we buy another 6 or 7 or 130.  Is this the only reason because if so it is my aim to pay them down as quickly as possible and eliminate a couple in the next few years, therefore this stratagy does not make sense to me unless you are wishing to just keep borrowing.  What happens after the loan becomes principle and interest.  Is it the theory that by then rents will have risen and the debt will be more serviceable as principle and interest.
Thank in advance ofr your help,
Jodie
PS I feel really out of my depth on this forum.