Howdy,

I’m only going to use the $50000 cash that I have at the moment as deposits for the 4 – 5 positively geared properties I intend to buy in the next month, after getting all pumped up while reading some of the posts here! I see the benefits now, and can’t believe I’ve wasted time and money pursuing other areas…

Blondie – I’m intending to convert to P and I because I’d like to own the Blairgowrie place down the track… it’s in a great spot, a really unique place, more than an investment to me and my fiance… I see it as a place where many happy times will be spent down the track and something that I can pass on to my kids and their kids to enjoy for years to come to go surfing, fishing etc… there’s room for some sentimentality isn’t there? If I get out of the market on that part of the peninsula, it’ll be a long time before I can get back in.

I know it’d help cash flow to stay interest only, but if I do that, I’ll never own it… besides, I think I can get a decent positively geared portfolio happening regardless…

Please point out gaping holes in my thoughts… I don’t want my sentimentality to create total stupidity (partial stupidity I can tolerate, but not total) []

ok ok, I’ve done more hunting around, and it’s now clear that there ARE good positive cash flow properties for sale all over the country, and not neccesarily in little country towns… I read that bit about the 11 second rule, and was a touch sceptical, then, a few hours of hunting on the internet found quite a few… (ie cost 58,000 rent 130)

So there you go… I’ll be hitting the phone tomorrow!

(AD, with all the reading I’m doing, I’m turning away from the Ballarat option… there’s better paths I think)

Cheers
R (go tiges)