Hello,Thanks for your thoughts.Yes, that is basically what he suggests. Workable in America but not really suitable for Australia as an investment strategy it seems.He suggests buying run down properties in good areas and then improving them and reselling and buying larger properties with increased capital gains.You may be able to do this on your…[Read more]

G'day Marc,With your investment property that you are renting out, are you paying interest only or principal and interest.As it is becoming difficult to find positive cashflow properties how do you accumulate more than one or two with the cashflow needed to support the difference of interest payments on?In todays market it might be better to buy…[Read more]

Hi Kelly,Many thanks for your help.We will have no debt on the land as it is a gift, so it should be easy to build a new house on the land and let it pay for itself with tenants.What to do after that is the confusing part?As we still will need a place to live, should we spend a larger portion of our savings to buy a house, or buy an investment…[Read more]