Ok so I know what I'm going to do for the next one and even though it'll be a little scarey at first I won't let fear stand in my way. I'm going to buy under value. Make my money when buying and buy in a rising market, sell nearing the top. To build up my cash buffer There are a half dozen suburbs I know really well in Perth so I would be able to do well here buying below value here, however who knows what Perth is going to be doing in the short to mid term!! So if I'm going to invest soon I need to buy interstate. I'm wanting to make money now not later! Maybe later on down the track I could invest in Perth if it looks like it's rising. So I'll continue to keep an eye on the Perth market. My goal is to buy and sell a few years later. My plan to begin with is to make some profit so as to build up my cash buffer and it'll help lower my ppor payments too sitting in my offset account! I would be out of my comfort zone but I guess you have to if you want success! I would need to employ a buyers agent I'm thinking to cut the stress down and manage things for me as they will be on the ground over there. I would do my own research too to oversee things. I have a goal to make a profit of at least $80,000 in 3 - 4 years. Buy under value and in a rising market. Catch the wave and sell as it's nearing the top. Not too close to the top though. Sometimes I feel like you are just taking a gamble but if you do your research I think it'll work out just fine. But I think it's far riskier to sit and do nothing. Like my colleague who bought a house here in Perth a few months ago and has a $500,000 ppor mortgage. Because of such a large debt she won't be able to invest. She will also be focused on paying it off, like most Aussies rather than making money investing. I'm glad I have just a small mortgage as it means I can invest. I don't want to be a passive investor anymore. I won't just sit and wait till values rise anymore, hoping and waiting for a rise. Playing the waiting game! I've realised you need to be proactive, get out there and make things happen! With all that I've learned in the past ten years since buying my three properties in Perth it has been a great education. Haven't made much money but I've learnt many lessons! and I'll look back and be so proud of myself, in what I've achieved. I'm 45, I wasn't planning to retire until I was in my 60's anyhow so I'll have a good 20 years left to invest and will probably continue investing after I retire. Looking forward to sharing my success story. In the meantime I might share my story, what I've learned, what not to do lol. But I'm more focussed on my new story not the old story. What's happened has happened, it's in the past. After I sell my current unit that's on the market, I'll have at least $50k in savings. I'll use some of that as my deposit as my two other properties don't have equity in them. I'll make sure I use the minimum of my own cash as my deposit if I can help it. I don't mind having to pay a bit of LMI. I know it's important to have enough buffer to see you through. Yey. I'm excited to see my mortgage broker on Thursday night. What do you think of my plan? It's just my short term plan at this stage My 3-4 year plan to build up my cash buffer. I'll need to decide on a longer term strategy too. But for now ill focus on the next 3-4 years.