Hi Guys,

I came across this thread that seems to get bumped every so often so I thought it would be worth while letting everyone know a little more about the http://www.propertymeeting.com.au Perth Group. The group is organised by Craig and I and as mentioned above we meet once a month, usually on the 3rd Wed of every month. However it is best to visit our website and register for the monthly invites to ensure you know when the next meeting is being held. We have a really strong group of very active investors who get a real kick out of bouncing ideas off each other in a very supportive environment. 

If you would like to find out more please feel free to drop us an email [email protected]

Regards

Jeremy

If as you mentioned the cost of servicing the loan is holding you back, you could refinance and change it to a IO loan to free up some of your servicing abiltiy so you can look at other investments. This is only if you wish to hold out for the growth on this property. I guess you need to assess the likelyhood of getting the growth you are after on this prop long term vs the loss you would take now.

keep in mind that holding on to a non-performing investment may actually cost you more in missed opertunities. No one like to take a hit on an investment, but as mentioned above you need to work out if holding a neg geared prop fits in with your investing goals.