The “people” in OPM is a metaphor for any other source of money. I’m comfortable with OIM – Other Institution’s or Other Investor’s Money.

Sometimes this forum genuinely surprises me with the diversity of approaches and ethics.

Any time I have owed parent / friend / sibling money it always always gets repaid before anything else (except a base mortgage on the PPOR – but this has never been in trouble).

My philosophy is that opportunities come and go but relationships are guaranteed to provide a positive return with a bit of effort. Plus, I would not feel comfortable making money while using funds of someone else without having them as a party…

If you want to head down the IP route, then listen to the advice above.

If it were me, the question I would first ask is around the “sleep at night” factor. If you are not comfortable being on one income with a larger mortgage than you have then you would be better off selling your current place.

Re your original question, I would still be looking towards owning something (whether IP or PPOR) to stay in the market.

No, but there is a magazine showing women how to scratch their a*se with authenticity just so they can be like men.

Honestly, why is so much effort spent in splitting hairs (no pun intended with the above para)?

Depreciation reduces taxable income. The nett effect of this is that, yes, the dollar benefits are higher if you are in a higher tax bracket.

Sya you had an IP like this:

Interest $10,000
Rent $11,000

Taxable income = $1,000
Tax (at top bracket) = $500 (roughly)

But if depreciation = $500

Taxable Income = $500
Tax (at top bracket) = $250

Less tax paid = $250

This number would be smaller if you were on a lower marginal rate.

That ethics are not required to get ahead.

(Not that I subscribe to this, but in school the good guy usually won in the end).

Even the most blase of commentary I’ve seen on this forum has said that “sight unseen” may be fine IF other forms of research are complimentary.

Numbers stacking up is but a part of this supporting information.

“Don’t work with family” is not a cliche that came from nowhere.

“130 Properties” is an indicator of activity and is a great selling point.

But I don’t read quantity as the key KPI for success.

As long as Chan keeps to the frolic, then fine. But CD is right where people reply with something as insightful as a smilie or a single word answer.