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But I think Perth is still moving. I wouldn't invest here if I didnt think so. If I bought over east I would not be confident, I would have to employee a buyers agent. That could be an option though. Maybe I could just put a bunch of low ball offers in the suburbs I know (in and around...

and talking about not making the same mistake again 7 by 2020 Plan is to have 7 by 2020 and I realise I am not going to get there if I buy another unit for $250 K when I can only ask $300 per week rent for it. It wont be neutral until 4 or 5 years time! I will need to buy something...

thanks, Ah well. Everyone makes mistakes as a newbie. You'll learn from it. Keep positive and theres plenty of opportunities for you in the future.

Finances are looking healthy This is the story if I haven't bought my next IP. If I do buy before my next ip before moving back in then I'll have a larger ppor mortgage obviously as I'll have to release some equity for my deposit. Here's what my finances will look like come mid 2015 when I'm...

Familiarity I'm home sick today with bronchitis. Good news is I have time to come on ss. I'm spewing tough cos I had an interesting lunch planned :( and was to see a medium tonight hehe but had to cancel bummer. Will be having tommorow off too

hehe, Ms Keaton thanks Sounds similar to my Dianella ip. I just learnt that a renovated unit in my Dianella complex just sold for $245k. So if I were able to pick up one of those the rent is around the $300 per week mark. It would still be NG especially because of the management fees but it...

Thanks guys :)

thanks Yes, good tips thank you! I agree To achieve my goal of buying a neutral to positive cash flow ip I'm considering purachasing in a major WA regional area like Bunbury. I need to do a lot of research on different suburbs but if I can buy something new or near new with...

Wow, the renovated unit in my highgate complex mentioned above sold for $330,000 18 months ago. Today i'm sure it would sell for a lot more than that. I'm thinking my ppor would be valued at at least $360 K now with the way Perth has moved over the past 12 months!!

$30 K in cash savings now!!! :) An update December 2013: I hit $30 K in savings !!!!! I have $30,400 in savings now woohoo. It took me 2 years to get there and its really starting to snowball now as rents have increased. The next $10 k will be saved even faster. I would have saved a few...

Hi Savoys, thanks. My highgate ppor property that I bought in 2008 for around $250K would most likely be valued at anywhere between $300 - $330 k ish. Another unit sold for $330 K about 6 months ago and it was fully renovated. Mine is renovated apart from the bathroom. I might get low $300's...

Thanks :) yeah and a $30 K buffer will definately be needed when I buy the next one and have 3 properites. There are all kinds of expenses that pop up. Not sure when I'll buy # 3 yet. I want to be neutrally geared first I think. Maybe a couple of years away I'm thinking. Nah didn't unxcol...

Well it is now Jan 1st 2013 and this time last year I had 7 K in savings. I now have approx $20 K in savings. I'm pretty happy with the amount I've saved. I still have a $2600 roof bill I have to pay but oh well. I think I'll try to stick it out for another year with mum and dad and not move...

Thanks! :) It has been tough work! It has been like a 2nd part time job for me. :eek: haha come to think of it, i did kind of. Twas approx a 20 kg weight though. I was giving my niece a piggy back ride from the park :p cos she was too tired and I ran part of the way. haha. I...

It can be a bit overwhelming at times packing. Just feels like so much to do. But I'll just take it step by step. 1 area at a time. First step is to make the place less cluttered so it will look presentable for the marketing photos. Photos will be taken beginning of next week. :)

yep :D I have to stop procrastinating now and start packing my stuff up. I have heaps of crap to throw away. What I might do is work for a solid 2 hours and then reward myself with 30 mins on the net lol. Its 11am and I still haven't started yet today. Ok so after I drink this coffee, I'll...

thanks :) ---------

PM's visit on Monday - Too good to pass up! Even though I had decided to stay put in my ppor I kept the pm appointments that I had made for Monday just to hear what she had to say. I was going to cancel them but mum said I should keep them. I totally did an about face again and changed my...

Thanks, :) Yep everyone has different tolerance to stress levels. I'll just go at a pace i'm comfy with and have a decent buffer next time so I dont have to go through this again! It'll probably mean at least 3 maybe 5 more years till I invest again but I'm ok with that! I'm 40 now and plan to...

Yeah I agree and I am grateful I'm healthy and i'm able to work full time and care for myself. Some people I know with my condition cant work and have huge difficulties in doing daily tasks. :) Yes, most definately! If I were to go live with my parents... that would be taking the easy way...