Hi there Money,
Congrats, I think that’s a fantastic achievement to be very proud of. Wish I started when I was 18 yrs old, my husband and I finally pulled our respective fingers out when we were 28yrs and 37yrs respectively.

I’d love to hear who/what motivated you, does school encourage you down that path (certainly didn’t in my day) Did your…[Read more]

Great cover,
I went “green” with envy just reading the title, lucky ducks [biggrin]

Also appropriate that money is generally “green”.

Now the million dollar question, how much and where’s my copy?[^]
Cheers,
Leoni

Hi Dave,
I too agree that Penrith is a great area (in particular Lemon Grove) as I’ve got an IP there myself. Prices are reasonable, rent not bad and vacancy rates are low.

One word of caution though, please investigate, read, research and do your homework first before even touching a property. Its very hard buying into a market you are not…[Read more]

Hi Bear,
I agree with Simon, don’t see a financial adviser first, they will only confuse you and probably talk you out of any ideas you have. I have been through 3 advisers myself and if I had listened to them I’d still be only “thinking” of buying property, not actually doing it.

A mortgage broker is the best place to start, I’ve just used one…[Read more]

Thanks Simon,
Yes, that answers most of my queries, what about tax deductability on the original $75,000 used to purchase IP3? As it now forms part of IP1 & IP2 homeloan (both which will remain IP’s and are rented out)?

Will the ATO say, hey Leoni I know you originally used the money to purchase IP3 but now 12 months later you’ve converted to…[Read more]