Respectfully disagree with John on the P&I point. If I’m in the accumulation phase of my portfolio, why would I willingly MINIMISE my available income, limiting further purchases? Not only that, but you can mitigate the risk of the property going backwards by buying well (under market value, gentrifying suburb etc) that this can be a total non- issue. I’d prefer not to pay a CENT back to the bank, and instead let the market and value add improvements do all of the heavy lifting for me, saving MY cash for anything I like: renovations, buffers, more deposits for more properties. Get through the first 15 years of pain of paying P&I? No thanks lol, I’d rather accumulate everything within 5, then wait another 10 for the market and inflation to do its magic.
