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  1. Richard Feynman

    End of an Era

    Farewell Somersoft! It's been life-changing :)
  2. Richard Feynman

    IP #5 time

    Not my area of expertise (I was planning on doing similar on multiple places at once until the APRA changes) so take this with a grain of salt but I'd imagine with that sort of budget you'd want to pick up an ugly ducking HOUSE that needed a max of about $30k of work to bring it up to scratch...
  3. Richard Feynman

    What have the Somersoft Forums meant to you?

    Where to begin. I stumbled across this place looking up a company whose property seminar I'd just attended. I don't quite know what happened from there. I was sucked into an addictive void of information, strange acronyms and wonderful people. I asked a billion annoying questions and got a...
  4. Richard Feynman

    Waiting for the Sydney bust - auction clearance rates

    It's going to be interesting to see how low clearance rats dip given its winter but stock levels are way down.. this is historically where we ought to see a big dip. Clearance rates for the same weekend last year was 70%. Quite a difference...
  5. Richard Feynman

    See Change and Richard Feynman . let's hype the sydney market thread .

    I'd better make the most of this moniker in the remaining days. I really am out of the closet. Look, I've even got a signature. What's next? Oh yeah, a photo of me in a suit in the display pic.
  6. Richard Feynman

    Six figure deposit and want to get into Sydney property market

    I'd personally be looking interstate. In fact, I am looking interstate, Brisbane, with a very similar budget.
  7. Richard Feynman

    End of an Era

    A sincere thanks to Ian, Jan, Simon, the moderators and every single member for providing, sustaining and maintaining what has been one of the most valuable resources in my adult life--I don't say that lightly. The positive impact this forum has had on me cannot be overstated. The...
  8. Richard Feynman

    Bad bad bad Journalism! Young Property Gun

    She's done well with the hand she was dealt. Don't take anything away from her. She's clearly ambitious, intelligent and wise beyond her years. I hope I'm not the only one to recognise the marketing masterstroke this media coverage is (which itself speaks volumes of her business savvy). It's...
  9. Richard Feynman

    Will Woodridge(QLD) ever improve?

    Mount Druitt With Palm Trees has a good future, I believe. Whether or not it'll be the next hipster hotspot is up for debate, but given a long enough time frame, it seems inevitable that the area will transform. I can't imagine a Brisbane with 4 million people having the same Woodrigdge...
  10. Richard Feynman

    What do you rate these two areas as?

    Mindset is the master key. Everything else follows.
  11. Richard Feynman

    Will you have a Job in 2025..

    Nah, but I'll be providing them for others.
  12. Richard Feynman

    Do you know your neighbours names?

    A handful, yeah. I'm in a very friendly complex.
  13. Richard Feynman

    Investing in Moorooka, Brisbane

    Score. Think they'll both do quite well. I must have crossed my wires a bit there.. that Moorooka deal is a pearler.
  14. Richard Feynman

    Investing in Moorooka, Brisbane

    I would have purchased houses if I could afford them ;) Your comments are completely fair though. Wind the clock forward and increase the population and apartments will do quite well there. I just see greater value in big wads of land in Moorooka over the next 5-10 years. Re-assess then...
  15. Richard Feynman

    See Change and Richard Feynman . let's hype the sydney market thread .

    Wait until we hit 79% and the world ends.
  16. Richard Feynman

    market near the top

    Certainly overhearing a lot of conversations about property. People talk about whatever the media are huffing about. I think there will be a lot more talk as Sydney approaches, then surpasses the $1mil median as measured by each of the major data providers. Not to mention the media...
  17. Richard Feynman

    Investing in Moorooka, Brisbane

    I think there are good longterm prospects for houses, particularly on larger lots. Wouldn't be looking at apartments though.
  18. Richard Feynman

    How much puff does Sydney have left?

    So Shadow can add their names to a graph? ;) My portfolio is close to CF neutral, I expect more growth (short and longterm), selling would only be an option if nuking a place in Syd made me deposits for 2x its dollar value of new IPs elsewhere (and I could service the new debt).
  19. Richard Feynman

    Journey so far - $75k salary (average), 5 years, 10 properties

    Thanks for sharing. Very inspiring stuff! It's always awesome to read these stories, and that's a whopping effort to accumulate an average of 4x your current salary in equity PER YEAR for half a decade. My question: what's your after-tax cashflow, roughly, from the portfolio? I imagine...
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