Not at the moment. I am busy accumulating deposit for an IP. I just bought a PPOR though. Took some advice on the finance section and pushed my broker to make the loan an IO. Although I understand very little about how this will benefit me when I am geared to buy an IP, I am trusting the solid advice of the brokers here.
Discussed my loan structure with a mate who also just bought a PPOR. We almost had a fight about what a bad decision I was making by splitting my loan to a fixed and variable (IO) and paying 'so much of interest' and he cursed me I will never be able to buy another property! And all this from a good friend. So when I read about your mindset stuff and how people will pull you down (I am hoping that is all this is and that his curse wont bear fruit
), it rang right through me. Now I am even more determined.
With more and more of learning, understanding, a few blessings and good wishes from men like yourself - I aim to purchase my first IP this year
cheers