on the intrest only, i was under the impression that once the intrest was paid, then you were up for the capitol as a lump sum almost?
Can someone clarify this please?
Thanks for all the good info..
Example Buy & Hold Strategy
Very rough and simplistic example:
Buy 3 properties, $500k each
Total assets $1.5M
Total debt $1.6M (approx)
Assume 6% annual growth on all properties
Fast-forward 12 yrs
Total assets $3M
Total debt $1.6M (hasn't decreased cos you got interest-only loans to help you afford repayments)
Sell properties, clear close to $1.4M
- Your goal is to buy neutral or positive geared properties in the long run so they pay for themselves year after year till your 60.
Hi Hulk, can you please elaborate on this point, perhaps give your example ? Thanks mate.Choose the best strategy suited to your circumstances, skills, goals and personality (risk level).
I believe investing in yourself first to increase income is a better way.
Then invest in property, shares or business, much better results in the long run.
I tried the slow way first and it was just not working, so spent 5 years building up income and now ready to invest.
Any suggestions of investment for an 18 year old? My cousin bought his first home at 20, and that's my goal too. I'd like to be investing at an early age. But finding the money is insanely hard.
What strategies should I be looking at?
Hi Hulk, can you please elaborate on this point, perhaps give your example ? Thanks mate.
Thanks for the thread everyone.
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