Recent content by Nixba

Thanks for the kind words and all your help Rixter. You've been a great sounding board and I really appreciate your ongoing assistance and support. Just to give everyone an update - this property has now settled and a tenant is moving in tomorrow at $310pw. Stay tuned for #5 by the end of...

Thanks for the kind words. As I mentioned in the initial post, I think the area will experience steady short to medium term growth as Logan LGA becomes too hot and owner occupiers get priced out of that market. Also - where else in Australia can you buy a 3 bedroom house 25km outside of a CBD...

Hi hugh72, Thanks for the kind words. I didn't source this one myself - a BA helped me, so can't take any credit for that (only having a solid strategy and being able to be disciplined with my savings to turn deposits around quickly). As much as I love property, I'm concerned about...

Hi ije, Thanks for the kind words! This deal was sourced by Right Property Group. It wasn't on their email list of opportunities - it came up very quickly and we signed a contract within 2 hours. I've found that for interstate purchases a BA has been effective for me as it has allowed me...

Hi Cadence, For this particular property, I used AMP. I think its really important to diversify lenders - for example my other 3 properties are with Westpac, Bankwest and Macquarie. I have no loyalty to any of the banks, only to which product is suitable to my current situation and my long term...

Thanks for the kind words all - I'm really humbled and grateful for all your support. We had an extra bit of good news in regards to this property on Monday. My initial post may have been a little premature (Sunday) - we actually went unconditional on Monday. Late on Monday afternoon, we put...

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Hi guys, I hope you are all well. I haven't been able to contribute as actively as I would like, as I've been doing a lot of overseas travel for work and have taken on a new role with keeps me time poor unfortunately. I've just gone unconditional on this property "the Aqua Blue Ugly Duckling"...

Hi all, I just thought I would share a quick update on how this property has performed over the past 10 months since it settled on the 19th March 2014. The property was purchased at $165,000 with a day one rental income of $280pw (day one yield of 8.82%). I just received valuation...

This is an excellent thread and congratulations for all of your achievements Michael. Plenty of lessons for us young investors and inspiration that it can be done and is being done. Congrats again and keep the momentum going! N.

Thanks for the kind words Blair007. In short, I don't :(. I've focused my attention on the gross rental income target, and have devised a realistic plan to get to that by 30. After that, I guess I'll have to reconsider where I'm at and devise the next plan to pay it all off. Perhaps when we...

Working backwards at avg of $300pw rent per property: $300pw x 48 weeks (vacancies etc) = $14,400 rent per Property P/a $200,000 divided by $14,400 = 13.8 properties = 14 properties Working backwards on my by 30 gross rent goal: Currently on 4 IP combined (3 individual) 2015: +2 properties...

Thanks! I'm just going to give it my best shot and have no regrets this year. I want to be able to look back at the end of the year and know that I couldn't have done any more in the pursuit of that goal. That's all you can really ask of yourself, right? N.

Thanks for the kind words everyone - I really appreciate it. Thanks Richard. Timings on the next 3 are as follows: #4 by end of April (My savings will be ready mid March). #5 by end of August #6 by end of December Thanks for the kind words Terry_w. My overall goal is to generate $200,000...