Well done to her.

She should continue doing covers on Youtube.

There is a guy called only1noah and he simply did that.

Recently he did an Indiegogo campaign and raised almost $40,000 in funding from his fans to make an album

http://www.indiegogo.com/projects/join-the-noahnation-and-help-finish-my-first-worldwide-release

ps. ellisekibel.com is available. If I was you I would snap it up immediately. I use GoDaddy for all my domain names.

Just Google "Go Daddy". Or PM me if you need help.

I've just moved up to Qld,

I'll be sure to come along some time in the new year

I also agree with Richard and JacM.

When people say 10 properties what do they really mean? You could buy 10 run down properties in the middle of nowhere for $50k each and only invest $500,000.

It also probably isn't going to help you achieve any financial goals you have for yourself.

Understanding financial goals is important. If you want a certain amount per year in passive income you can start looking for properties that will deliver you passive income (or other investments for that matter).

There is always stocks, businesses and other investments that can help you achieve financial goals as well.

If 10 properties is the goal it is going to be pretty difficult to be open to starting a business that will help you achieve financial freedom. Because while the business may spin off income (potentially nearly passive income if you get someone to run it) you won't be thinking like that because it won't be "10 properties".

I am so going to use this as I get older. Genius quote.

Many congrats to Richard and Jac. I have't got the magazine yet but i'll be getting it to read over the Christmas break

Will interest rates be going down again?

I have heard speculation that they will. But as always nothing is fact until it actually happens.

I'm sure so many things could happen in the economy that would affect it.

Sent you an email Richard so I can try and fix these inaccuracies.

But yes, always seek professional advice before proceeding with any investment deal.

I researched and wrote an article on this – http://positivecashflowaustralia.com.au/mortgage-uninhabitable-house/

Basically you CANNOT secure traditional lending on an uninhabitable house. You would either need to borrow equity against another property or gain a construction loan which means you would need to provide detailed costings and plans for the construction to the bank.

If you are doing the reno's yourself it will be even harder to get the loan than if a builder gives you a fixed quote or something.

Nathan Birch bought a burned down house for $25,000 and made a killing from doing it up. Watch his 5 minute YouTube video http://www.youtube.com/watch?v=8PhhwxdbNA0

He spent $25,000 on renovation.

In most states the only deposit required is that 0.25% deposit before the cooling off period. The rest is up to the contract to state the terms and conditions.

So yes there could be the case if and when you defaulted the owner could keep the 50% deposit. But if I was the buyer I would ensure that I could get my full 50% back if the deal didn't go through.

I believe it may be easier to secure a discount for a urgent seller simply because you have more money so it looks to them like more of a sure deal. A desperate seller rarely wants to gamble on a higher price that could really easily fall apart, so they may be inclined to sell to a person with a large deposit.

But you would still have to go hunting for deal and discounts, it wouldn't just happen because you have a 50% deposit.

Let me address some of your concerns

A) Supply and demand generally determines growth. Although people say "it is the land that appreciates in value" this is not always true. Generally land grows in value as demand increases and the government is not releasing new land. But livable units also increase in value despite their small land ownership if people are in demand for units.

So instead of thinking "land goes up in value" think of things in terms of supply and demand.

Older units will have less depreciation available to you (building depreciation will probably be all dried up) and remember that buying a unit means you are forgoing almost all control over how you manage your costs. That becomes an issue of the body corporate and you only get your vote. If home owners want to spend money on something that won't be good for you as an investor but they outnumber you then you're going to have issues.

C) Negative gearing is easy, especially with units. You have increased costs due to strata costs. You need to work out if the capital gains will offset the negative cash flow enough for it to be worth it.

D) Here is an article I wrote that may help you if you decide to use this strategy – 7 things to check before buying an investment unit – but truthfully if I was you I would look into this strategy in more detail and see if it will actually bank you a profit and if anyone has become rich using this strategy. Sounds to me like you may acting out of fear a little bit and want to secure housing close to the CBD as you know the area and think it is safe.

Become a smarter investor through education and the world will open up to you.

A question for you Terry:

What happens if the husband is living in Brisbane but the wife is living in Sydney. Assuming both properties were jointly owned (in both their names) would they be able to claim PPOR for both properties (as technically it is their PPOR and not being rented out) or could they only claim it for one property?