Search results

I assume you are a buy and hold property investor, this will be slow and steady unless you manage to jump into a couple of boom cycles and then strategise/tweak your plan. Looks like you got one boom cycle. I started this way, however I changed my strategy some time ago now to improve cash...

Thanks Skater, I am a bit slow this morning, too much stuff going on atm. :)

Need more information... So your rental income is $154,000, what's your net income after all outgoings, ie interest, rates etc. MTR

I purchased 1 property in Nerang in December, I believe the market has bottomed, but that was a cash flow play. Paid $360,000 renting for $650 pw. I have been purchasing in my own backyard Perth over the last 18 months as the market has been rising and am now developing a 3 unit site. MTR

My drift of course:)

No guarantees of course. Yields are not always good. I have never purchased when a market has peaked, but who knows maybe I will one day. I either purchase when the market has bottomed or when it is rising. You get a feel for these things especially if you have been doing it for years...

D Boholt is charging her clients, "gold class members" I think it called, $30,000 a pop, that does not include travel and accommodation, she selects venue.:eek: Otherwise you go the Steve McK way, he conducts seminars around Australia then he sells his packages for perhaps $1000 a pop, he...

No reno, nothing creative just simply buying at the start of a boom cycle.

Generally this is the case, however if you buy properties in a booming market the deposits take care of themselves. I will give you an example, I purchased a property in Mandurah for $199,000 January 2002, by June 2002 it was worth $270,000 (5 months), by December 2006 I had a bank...

I would think the market will continue to rise from what I have been researching and read, how long, no one knows?? a lot will have to do with market sentiment and what is reported in the media, this can make or break the market as we know. That is why in part I like to buy in a rising market...

Yes, also at one point interest rates were as high as 9-10% imagine the impact of this, when you have multiple properties, for example I had a property period home in Coburg, Melbourne purchased at $500,000 renting for 400 pw @9% IR, high maintenance property:rolleyes: It hurt, I sold it 2 years...

Regardless of owning your home or not, the key building equity, and continually learning new skills to improve the outcome, getting outside of your comfort zone. I have mentioned one strategy, developing property, there are a few new/young investors on SS that are either land banking ready...

Crack the Champaign Cos you must have been a quick learner:), you worked out that you need cash flow. When I started investing the mantra was just keep buying properties (negative geared is the way to go), no consideration for the impact on lifestyle, borrowing capacity etc. Good for you:)

Don't shoot me yet:) Just my opinion, just like belly buttons everyone has one.;) I also just deleted that sentence as I don't want to offend/upset anyone on SS:)

Not me, I had a 7 year gap between daughter 1 and daughter 2, daughter 1 nearly killed me, she never slept. Also, I am of the opinion you can have a great life with/without kids. I have a very good relationship with both my children but its not the be all and end all and everyone should do...

All to their own, I did find it tough in the early stages of investing because I loaded up with -ve properties, huge impact on lifestyle, then I tweaked the strategy, got rid properties that were a noose around my neck and focused on cash flow. What is killing your lifestyle, can you somehow...

Did it well under 10, it was about 6, goodbye to the day job. However we had a couple of things going for us, had no mortgage against a primary residence that at the time was worth close to $1M. I got lucky jumped into a mother of all booms driven by the mining boom, and went hard...

Hi Shanelastic I have yet to read a post on SS recommending any gun financial planners, why?? cos they don't exist, they are sales people selling a product. I would not trust any financial planner with my investments, regardless of whether they have retired or not. I think many new...

The best way to achieve this is to: 1. Buy in an area predicted for strong CG (Elwood and St Kilda are good) 2. Buy something that can have value added to it. . Strategizing important - get the right mix, and time the market, watch out for rising markets and jump in, buy as many as you can...

Yes, you need to be the financial planner, I have yet to meet one who has retired on $100,000 passive income;)