Hi Redwing,

Thanks for the post. Sounds interesting as a business model. For me, the biggest issue is sourcing the right properties. I’ve got no issue with cash flow or equity, but my time is precious. If I could outsource the process of finding the right property then this would be a boon.

Worth a look for sure. Just gotta be a little…[Read more]

Richmond and Calder,

Thanks!

I thought clearing the debt on my PPOR was the way to go and that’s the plan I’m executing right now. At current repayment rates I’ll be debt free in mid-2007 (2.5years). At that point I think the market will still be soft, and I’ll be well positioned to buy in before an imminent recovery. We’ll also have around…[Read more]

Originally posted by kp:
Its a great question Steph,

And the young professional couple who earn $110k and $50k together…are inherently not savers…they’re party going spenders. So the deposit question is another mystery?

They think that high income equals wealth…but all they are doing is trading time for money…so its a trap in itself.
And…[Read more]