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Thank you for your response - I think I still have lots to learn...the learning will never end. Yes, he has changed it to lower LVR exposure so it may only be advisable to go that way when you have 50% LVR or lower. Yes I agree so that's why a generalised advice should always be assessed on...

I don't think you understand. As you can see from their example above the point is not to pay anything off but reinvest the additional funds that would go into paying P&I into an additional asset namely IP. SO 2 assets would grow into more equity over 30 year period. That's all! I think it's...

Not paying off any debt. So there's an example where: 1. They pay off the home after 30 years: Result: $3.2 million in equity 2. They pay interest only on the home and after 30 years: Result: $2.9 million equity Now most people would say to pay off the home but they go further because...

Thanks guys that's why my most important goal for this year is try to have a prtfolio worth $10 MM. I and not far off with small LVR's I understand now we could live off it even now. I was actually told by a property strategists that I do not need to do anything further but it doesn't mean I...

I used to think that way too until I came upon a book "How to Achieve Wealth for Life...through Property Investing" by Tony Melvin & Ed Chan. They illustrate that depending on your porfolio size there's no point of reducing your debt (well unless you are really highly geared). Chapter 6 'Myth 5...

A great read! Great read Jingo, I always like to read other stories. Thank you for sharing. It goes to show how buying time will enable capital growth. I read somewhere that it's not really difficult to become property millionaire as long as you buy the right property and wait. Now...