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No i didnt, and for two reasons. My bank account was quite low to begin with, and as above I have two options for this Property. 1. is to buy either side and get permits 2. is to get permits and take it from there I couldnt do either without the money, so either way required it. i understand...

True that i could have had it valued and pulled out equity - but the property was not condusive to my long term goal. Having $200k borrowing power locked up in it wasnt what I was looking for. LMI would have been about 3 times as much as selling costs were in this situation, so would have been...

Jit, more than happy to answer the questions :) Made a 172% ROI on my input into the property pre tax. Post tax it is about 140% ROI - not bad for a year in my opinion. Plan to grow it in a similar matter. Currently holding a house that has potential for 3 units on it. Will approach owners of...

True Bayview - my issue though is that because i started with such a low cash base I need a strategy that can see me grow that base relatively quickly over a 5ish year time span. The % gain that I have been able to get is larger than the buy and hold at the moment. Not to say I wont buy, reno...

Hi all, Just thought I would give an update on my journey so far. In June of last year I started the acquisition stage of my property investment journey with $10k in the bank. I bought a small 2 bedroom unit in Glenroy in June. Was passed it at an auction for $180k, asking was $210k...