Maybe the biggest thing to get my head around is always having huge amounts of debt and never really owning anything .Is it that simple??Let the tax man and the tenant pay the bills.Thanks for your thoughtsCheers

Thanks JamieBut if our goal is to buy and hold a IP for the long term with a IO and you switch back to IO , when the term of the loan expires ( 30 yrs say ) what happens then ??? You still owe the bank . Do you have to sell and buy another ? Forgive me if my questions are silly but trying to understand.Cheers

Hi All,I'm a novice like many on this forum, and WOW getting my head around some of this stuff is doing me in. But at the same time so helpful.A question on IO , I was looking at a couple of the banking website calculators and after the IO  repayment ends ( in this case 10yrs ) the repayment seemed to increase ??? . I feel like I'm missing so…[Read more]