Hi everyone - just need some advice on structuring my finances to allow ease of purchasing property #3 and #4. My goal at this stage is to at least own this much by the time i'm 30....i'm 25 at the momment). I kinda know what I have to do but wanted to get some feedback and suggestions. I just recently purchased another investment property and now hold the following: Property #1: * Valued between $500-$650k on average (weird i know, the valuations I got back vary greatly) * Borrowing 80% off a "very conservative" IMO bank valuation of $520k so $415k. * Renting $1200 per month (low I know, but renting to a family friend and they pay all expenses) * Positive Cash Flow Property (if you factor in the excess funds i have currently offsetting the loan) Property #2: * Purchased at $500k. * Borrowing 80% so $400k. The remaining balance to be paid out of excess funds I have offseting Property #1. * Rental potential is around $430-450 p.w. * Cash Flow Negative Property (though not by much...boderline really) Excess funds (once used to offset Property #1) prior to the purchasing of Property #2 was at $180k......after the purchase of Property #2 this should decrease to around $60k. I'm using the excess funds from #1 (i.e. equity) to avoid cross-collaterisation. So my position in terms of gearing is ~80% at $815k / $1.02m. Of which I have about $60k in offset. My question is how best to structure my finances to reach Property #3 and #4 in the next couple of years (1-3 yrs). I'm aiming for around the $350-400k mark for both. I know I have to somehow build the equity out of this. If I was to borrow 80% for property #3 (i.e. $340k assuming property is valued at $430k including stamp duty)...i will need at least $90k equity. By current measures, i've got another $30k to build and that's leaving no room for buffer. I think it will take me another 0.5-1yr to reach that mark from my work pay. Even if I do manage to purchase property #3 in 1 or so years, it will leave me in a pretty weak equity position heading into #4. I'm reading all these stories about people owning 20+ properties in a matter of 5-10 yrs....clueless as to how they do this so fast. And here I am struggling to position myself for #3 and #4. Am I doing something wrong? The only think I can think of is that the majority of these people buy in the low $200k-$300k bracket for most of the properties....thus potentially having more equity to play with???????? I've got about $70k in shares which I'd rather leave seperate and not touch to fund my property purchases. The only thing I can think of now is to just borrow 90% of the value for #3 and just pay the damn LMI (you can claim deduction over 5 years can't you)????? What do people think of LMI in this instance, should I just bight the bullit and do it???? Is there some strategy I should take into account that I haven't already? Need your help. Thanks.