Good luck Mara the trick is to get started … all the rest will follow ;-)

My biggest mistake I think was not starting investing 20 yrs ago …. But certainly spend time researching all the ins and outs, reading books talking to people, that have been there done that and researching areas to buy in ..

Never use a bank for advice they just tell you whats good for them not you.

There to forms of debt, good debt and bad debt good debt is tax deductible like a IP and bad debt is not tax deductible like debt on the home you live in.
Equity gives you the ability to borrow for good debt in an IP.

Pay off all your bad debt asap (home you live in)…[Read more]

Regional NSW …. :-)

Using Steves rule the following is my 3rd property with this rule 8.4% and each has been getting better returns .. but the trick is in the research finding properties which are straight away returning $$$ .. I don’t see any point in putting my money into subsidising someone else’s rent

$220/w x 52 = $11440
$11440 / $135000 x 100 = 8.4%
4.5%…[Read more]

Hi Dean

Its looks like its July 2016 mate still another year away and its Mortgage duty … Not stamp duty … Cheers