Hi All,
We (monalisa and I) have been quiet for sometime! Our last purchase happened in Feb this year. Since, we had been focused on planning our PPOR build, which is due to commence in April 2015.
We have built a decent portfolio in Western Sydney in the last 5 years, which is positive cash-flow. 2014 was big as we went past $1mill in equity. Given the growth in the last two years, we're pleased. We are now considering our next steps. We're keen to get insight from the many successful investors on SS.
Regardless, we know we have a long way to go and this is just the beginning.
We have a few options:
a) buy and hold - leverage ~1.2mill-1.8mill, serviceability permitting
b) subdivisions - lot purchase, subdivide and sell
c) small 4 unit development
b and c - are more risky, but will be a whole lot more learning as we are kinda bored from the vanilla buy & hold purchases. Further, we'd like to spring ahead (though also appreciate buy & hold is what has helped us get to where we are and we think we shouldn't fix what's not broken).
We're also looking into starting a side business in 2015 so that should help both serviceability and the intention to go out on our own by our end goal, just shy of 6 years from now.
2014 has been a year of immense personal growth and change. 2015, feel there is a need to re-invent ourselves from an IP / business perspective...
What are your thoughts? What would you do?
Many thanks,
MsAli
We (monalisa and I) have been quiet for sometime! Our last purchase happened in Feb this year. Since, we had been focused on planning our PPOR build, which is due to commence in April 2015.
We have built a decent portfolio in Western Sydney in the last 5 years, which is positive cash-flow. 2014 was big as we went past $1mill in equity. Given the growth in the last two years, we're pleased. We are now considering our next steps. We're keen to get insight from the many successful investors on SS.
Regardless, we know we have a long way to go and this is just the beginning.
We have a few options:
a) buy and hold - leverage ~1.2mill-1.8mill, serviceability permitting
b) subdivisions - lot purchase, subdivide and sell
c) small 4 unit development
b and c - are more risky, but will be a whole lot more learning as we are kinda bored from the vanilla buy & hold purchases. Further, we'd like to spring ahead (though also appreciate buy & hold is what has helped us get to where we are and we think we shouldn't fix what's not broken).
We're also looking into starting a side business in 2015 so that should help both serviceability and the intention to go out on our own by our end goal, just shy of 6 years from now.
2014 has been a year of immense personal growth and change. 2015, feel there is a need to re-invent ourselves from an IP / business perspective...
What are your thoughts? What would you do?
Many thanks,
MsAli