Agree with above

My thoughts are to keep the 2 properties and buy another.  It's hard to go backwards and I think in another 3 years you'll be glad you didnt't sell.   My view is having a small mortgage is no big deal.  Your better to focus on continuing to invest if you can afford to.  I think your in for plenty of growth.

foundation – I'm a bit confused.  Would you be living off equity, income from shares/business.  Could you upgrade your car, take holidays, keep up with repairs on your house with that?  If everybody did that the Govt would find a way to tax you to get everyone working again.

To answer sienna1's question – It looks a bit tight, especially if you need to spend money on your PPOR also.  I would be doing heaps of overtime now and decide if thats the way you want to live.  I think it would be possible to buy IP now but you would probably have to make heaps of sacrifices to do it.  I also think it would probably be more li…[Read more]

These are my opinions in regards to Foundations comments.  You would need about 10 properties sitting there, not 1.  In  20 years time you could sell 5, pay off mortgages on the other 5 and retire.  I've roughly worked out if you have $1.8 million net worth in property today you could retire comfortably in 10 years.  Anyone agree or disagree?

Hi Brad, I discovered prodev a couple of months ago and I think it is brilliant.  I found the information you provide for investors basically sums up what it has taken me ten years to learn.  I was beginning to have doubts about being a growth investor but your spreadsheet confirmed to me to hold on for the compounding benefits, and be pa…[Read more]

Smarter Property Improvement by Peter Cerexhe may be a start. 

Thanks for sharing your experiences Paul and everyone else. 

Thanks Elka!

Hi all, I'm the proud runner-up of propertydivas story writing competition.  Thanks Amanda for the competition and excellent website you provide.  Thanks also Steve for the signed copy of your latest book and this excellent site you provide.  I have learnt HEAPS in the past six months that I have been frequenting these sites and can't wait to ge…[Read more]

I have heard you can import it for a lot cheaper than buying in Aus.  If interested let me know and I'll find out details.  Linda

Hi Cresta76.  I totally agree with last 2 posts.  I thought about selling a property last year to clear my mortgage but decided to hold off and it has gone up another $100,000 since then.  It looks like you need to see the bigger picture.  Make your own excel spreadsheet of your current assets and liabilities, repayments, rent.  Then double the…[Read more]

I like the new format, it's excellent.  With the help of other forum members I know how to use more functions also.  Thanks everyone.  Linda

If your looking at Mt Gravatt consider Mansfield also.  -Next to Mt gravatt.  Mansfield may have some newer homes.  I know it was good value a few months ago but not totally up-to-date now so do your research.

Hi Barnsey, yes i am a bit of a poo expert.  When I was working in my first office job in a disgusting 100 year old office that was rat, mouse, coackroach infested the pest inspector for some reason thought it was important to explain to me the different poos.  The joys of being the junior I guess. 

Hi Crashy, Mouse poos are rounded, roaches are rough.  My sisters old house had roaches and they would eat the fruit.  Not positive but I think gecko poos have a white dot.  Happy investigating.

My friends PPOR has termites.  An addition on the house was a major factor which cost her about $10,000 to get rid of untreated pine used for extension.  The slab was actually below ground level also, which she left.  Her relative provided free labour also.  Causes her major stress.  She's spent heaps on pest control but can't eradicate them…[Read more]

Why don't you do a poll to see if anyone would live in a house under these circumstances.  Also, what is the vacancy rate for this suburb?  Would you consider renting it for less and be prepared for a possible longer vacancy.

Our next door neighbour died in his unit and was there a week before police broke in and took out his body.  Purchaser had to gut the whole house.  Renovated for a few months then rented it cashflow positive.  It went well for her.  Have heard the smell of dead bodies gets into metal, carpet, etc and hard to get rid of.  Are you in for a reno??

I'm having a laugh!!!