Hi Brad, I'm hoping to start on a project of 8-12 townhouses in about 3 years time on a block I already have.  My bank manager said to give him a call when I'm ready, finance won't be a problem, and I'll have to sell them off-the-plan.  I would like to sell 1/2 and keep the rest.  Using your spreadsheet I worked out it can be done.  Do you think selling off-the-plan is a good option, I'm not that keen on the idea of a JV.  Regards, Linda

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.

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 likely that you would be able to afford to purchase 1 more IP about every 3 years.  I'm no expert, just speaking from my own experiences.  I don't think accumating IP's is as easy as everyone thinks.

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 patient.   I also learnt some good points I haven't considered before and my strategy has become clearer.  Thanks heaps, Linda

Thanks for sharing your experiences Paul and everyone else. 

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 get stuck into my new book. 
HAPPY INVESTING!  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 figures of rent and asset value for 7-10 years time.  This may help you see the value of holding on for long term.  I would see if you can remortgage PPOR to get rid of personal debt.

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 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.