Thank you everyeone

I do have a lot of books and i read them. I have read “the richest man in Babylon”, “The millionarie mind”, “Rich dad, poor dad”, “5 years to financial freedom”, “Ordinary millionare”, “0-130 properties in 3.5 years”, and a few otheres …

I do have a system going, and i do pay my self first, and i do have some savings but they are small, as I am just finishing my last uni exams right now, and the current job paid enough to survive, the contract that i have got now (starts end december this year) will actually allow me to seriously get involved with real estate.

My understanding of real estate is “Buy as soon as you can, as much as you can and hold it as long as you can”. I think that prices will go up or down depending on the area, though i would agree, that they may now slow down their growth rate.

Bill – why did you give a specific figure – ie 18 month?

I guess fhog is not for me, as i need an investment – not a place to live.

What sort of external costs am i looking at exactly when i buy??? morgage insurance, accountant charges, taxes … can someone please write down some figures?

on a $350.000 property i will need:
a)$70000 (20% deposit)
b)$25000 (to transfer the proprty – accountant charges, taxes etc)

this adds up to almost 100k – that’s a lot of money to put up front – that’s why i feel i am best to borrow the lot – i can get my property quicker and then pay it off as soon as i can – i think this is more rational than wait … can someone prove me wrong?