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Hi i think it is great that you have got your first property and that it is making you profit, congratulations. i was just wondering how old you are and how you went about getting your loan, what type of loan did you get. i am looking to buy my first investment and am looking a similar places like the one you have bought. any advice you…

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Hi George

i’d advise you to work for you lifestyle but build your property potfolio as your wealth. Any profit either pays off the loan or gets reinvested in another property or shares etc. If you start spending your prodits you will be working till your 60+, but having a higher standard of living. i’d rather delay the temptation and…

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Thanks for the advice guys but to extend that further…

You say I need a plan. Currently my home is returning only about $55 dollars a fortnight in profit from the rent (rent – mortgage). It is worth approx $180k with a $90K mortgage.Where to from here??