How many investment properties?
- Thread starter Genfie
- Start date
the properties are just a means to an end - I want $X of income without getting out of bed - I'll achieve that my either by the nett rent of high cash flow properties or drawing down the CG of CG type properties - the numbers irrelevant btw the 4 I own add up to the grand total of a n average price of a PPOR in my suburb in Wellington
The number does seem to get the most reaction out of people. I have 11, all in SE QLD, primarily within 5km of Brisbane CBD, I have a brother who also has 11 in regional qld, obviously ourt portfolios are worth very different amounts of money and bring it very different amounts of rent, though I would say his are more work then mine for less return
From my point of view once I got past the first few it has lost it's serious atmosphere and become more like a pleasant game.
And like any game, I would like to see how far I can take this.
I figure, past a certain point it's just about bomb proof. If it all got sold up tomorrow, we'd still have the house, and at least we gave it a try.
As Oliver Twist so famously said
'Please, Sir, I want more!'
And like any game, I would like to see how far I can take this.
I figure, past a certain point it's just about bomb proof. If it all got sold up tomorrow, we'd still have the house, and at least we gave it a try.
As Oliver Twist so famously said
'Please, Sir, I want more!'
Last edited:
A better question might be, "How may titles have you settled on?"
I was once at an investment meeting where someonw looing for experienced investors asked how many properties do you have and an experienced investor answered "Just one".
That investor had just sold off over a dozen properties. My point is that this question gives very little indication of experience.
Someone who answers twelve might be very highly paid and uses a buyers agent to source their properties.
I was once at an investment meeting where someonw looing for experienced investors asked how many properties do you have and an experienced investor answered "Just one".
That investor had just sold off over a dozen properties. My point is that this question gives very little indication of experience.
Someone who answers twelve might be very highly paid and uses a buyers agent to source their properties.
Two at the moment and think it will stay that way for a while. One in Wollongong and one in Brisbane.
Not sure how many I want. I will keep buying as my income permits.
Luke
Not sure how many I want. I will keep buying as my income permits.
Luke
There was an interesting quote today from an Auckland based newsletter which bemoaned the panic for investors to buy more and more investment properties
http://www.hpc.co.nz/
http://www.hpc.co.nz/
Originally posted by sbe
Over 1/3 or respondants have 5+ properties.
What a great wealth of experience to call upon !!!
Well done all.
But 6 have 20+ a figure that just blows my mind!
But it doens't matter even for those who come with zero assets, no income and just plain interest we can all learn something from each other.
During a rush of activity within the real estate market,This question comes up all the time,To me its not important how many you control ,you can own 4 inner city properties ,or 30 in the outer growth suburbs or country areas,all returns should be considered,to me the only thing that matters is net worth.
Everybodys strategies are different in the last 36 months
anyone with very little real estate knowledge,will have made money the next 36 months will be different if you have adequate funds in place and think on the conservative side and use carefull monitoring and some degree of nerve,the same will happen all over again ..
good luck
willair..
Everybodys strategies are different in the last 36 months
anyone with very little real estate knowledge,will have made money the next 36 months will be different if you have adequate funds in place and think on the conservative side and use carefull monitoring and some degree of nerve,the same will happen all over again ..
good luck
willair..
once started
my theory
once you have equity say 200k you can be very picky on what you buy ...
say 20-30% cg is a starting point...
My experience is the first 1-3 homes take longer to obtain then the next 5-12 purchases...
you find the people with over 20properties+ can just about buy every 6 mths as long as the cg continues..Thats the power of equity
Its the snowball effect..
keep chipping away ```time builds wealth
OV
my theory
once you have equity say 200k you can be very picky on what you buy ...
say 20-30% cg is a starting point...
My experience is the first 1-3 homes take longer to obtain then the next 5-12 purchases...
you find the people with over 20properties+ can just about buy every 6 mths as long as the cg continues..Thats the power of equity
Its the snowball effect..
keep chipping away ```time builds wealth
OV
