Recent content by Ari_X

Many thanks skater for arranging these :) I hope us young kids can give back to the community like you have one day. Suffice to say I'll definitely be there!

That summary is spot on DT! Any suggestions or things you would do?

Just a quick update on this: The PM (Russell @ Pure Rentals) has decided they won't be compensating for the loss of 4 weeks of lost rent ($1,337) or the loss due to the decrease of rent ($1,250) = Total $2,587 They will however waive 6 months of their own management fees totaling $687 +...

Even if it's just a few people, it will still be worthwhile so I will be there. Anyone else 100% confirmed?

Fantastic results Sash!! Just curious at what number are you going to slow down I.e. what is your end game? And were your properties so far just buy renovate and hold or have you dabbled with developments? Ari

Nice work dajackal. When do you think you can retire with the $100k passive income? Are you saying it's taken you a total of 8 years?

want2bewealthy from homeless to retired in 10 years?! :O You could write a book and make a killing (if you haven't already!)

Fantastic results, thank you for sharing :) Can I ask how you were able to achieve that result in just 10 years??

Good point Ace I'm just trying to figure out if anyone can actually succeed in a human lifetime through a passive buy & hold OR is it an absolute must to get into a more active investment strategies like renovations/developments/etc?

Starting with no assets and assuming you were a passive investor and diversified your portfolio i.e. 2-3% growth above inflation, most Australian literature will tell you can replace an average income in 15-20 years using a buy & hold strategy. In theory you can accumulate between $2-2.5MN...

Thank you travelbug, your hospitality and generosity is much appreciated :) You have already inspired my mum who's started reading the books and listening to the DVDs you gave me!

The property is the link above (DaveM amazing how you found it) and it has been freshly painted and re-carpeted and new photos are on their way. @ Russell I appreciate your side but if the mistake had not happened I would have still had a tenant paying even if they broke their lease until we...

Thanks guys. What's been your experience with firing/changing PMs in terms of costs and waiting periods? I have a 90 day notice period according to the contract with the PM. After this period does that mean I lose the tenant or does the new PM take over but charge letting fee?

Has anyone come across a situation where your property manager has made a typo in the lease renewal and put "2015" instead of "2016" making the lease 1 month instead of the agreed 13 months... The tenant has taken this opportunity to vacate the property leaving the place vacant for last 2...

Mick_C I think you've snapped up all the bargains! Talked to about a dozen agents in Campbelltown and surrounding suburbs today. You will be lucky to get anything under $450k renting at ~$400pw. Vendors aren't selling before opens because they're getting 30+ entrants with at least 5 offers on...