So it is the hump of the year and we have passed the half way point.
We always have goals at the start of the year, and for myself I like to reflect on these along the way to see how I am tracking and if not on track I give myself an upper cut and if I am on track I put a rocket up my A** to do better.
From an investment POV, I have added 14 properties thus far and sold two. (Selling is out of character for me but occasionally I will sell 1 or 2).
This is my own personal run sheet so far -
1) House in Western Sydney
Purchase price $205,000
Comparable sales $260,000
Rent $320
No renovation
2) House in Orange NSW
Purchase price $135,000
Comparable sales $N/A as house is inhabitable
Rent $N/A
Property could do with $50k reno and rent for $650pw+ and be worth $250k+ however am knocking the house over and building 3 x villas for $530,000 with a final value of $310 + $280 + $280 ($870k) with rent of $2000pw
3) Land in Riverstone
Purchase price $11,000
Resold for $30,000 in 1 day on market after settlement
4) House in Muswellbrook
Purchase price $105,000
Comparable sales $260,000 (after reno)
Rent $380
Did a $30,000 renovation and have potential to add a second dwelling to the front of the yard.
5) Unit in Cairns
Purchase price $90,500
Comparable sales $130,000
Rent $190
$2000 of repairs to leaky taps new blinds etc...
6) House in Moree
Purchase price $50,000
Comparable sales $80,000
Rent $140
No renovation
7) House in Moree
Purchase price $60,000
Comparable sales $80,000
Rent $130
No renovation (rent should be $150 - $160 with no work)
8) House in Willmot
Purchase price $180,000
Comparable sales $240,000
Rent $320
Needs $7000 paint, carpet, fence, and tidy up.
9) Unit in Cairns
Purchase price $112,000
Comparable sales $140,000
Rent $200
No renovation
10) House Marsden Park
Purchase price $58,000
Comparable sales $Hard to compare
Rent $230pw
$20,000 renovation
11) 2 bed Villa in Nowra
Purchase price $97,000
Comparable sales $160,000
Rent $190
No renovation
12) House in Kempsey NSW
Purchase price $7,000
Comparable sales $140,000
Rent $230
Needs $30,000 renovation
13) Block of villa's in NSW
Purchase price $316,000
Market Value $500,000
Rent $980
Each villa fully renovated, brick and very modern.
14) Burnt out house in NSW
Purchase price $120,000
Comparable sales $600,000
Rent $1000pw (after renovation)
Needs $100,000 renovation, and has potential for 3 x villa's out the back.
So all in all I am on track for my initial goal this yea of buying 1 new buy and hold property every month this year.
Aside from this I have renovated 7 properties, many of these being existing properties also.
Just thought I would share my adventures of late, and I will as usual post up some good content videos of the renovations.
We always have goals at the start of the year, and for myself I like to reflect on these along the way to see how I am tracking and if not on track I give myself an upper cut and if I am on track I put a rocket up my A** to do better.
From an investment POV, I have added 14 properties thus far and sold two. (Selling is out of character for me but occasionally I will sell 1 or 2).
This is my own personal run sheet so far -
1) House in Western Sydney
Purchase price $205,000
Comparable sales $260,000
Rent $320
No renovation
2) House in Orange NSW
Purchase price $135,000
Comparable sales $N/A as house is inhabitable
Rent $N/A
Property could do with $50k reno and rent for $650pw+ and be worth $250k+ however am knocking the house over and building 3 x villas for $530,000 with a final value of $310 + $280 + $280 ($870k) with rent of $2000pw
3) Land in Riverstone
Purchase price $11,000
Resold for $30,000 in 1 day on market after settlement
4) House in Muswellbrook
Purchase price $105,000
Comparable sales $260,000 (after reno)
Rent $380
Did a $30,000 renovation and have potential to add a second dwelling to the front of the yard.
5) Unit in Cairns
Purchase price $90,500
Comparable sales $130,000
Rent $190
$2000 of repairs to leaky taps new blinds etc...
6) House in Moree
Purchase price $50,000
Comparable sales $80,000
Rent $140
No renovation
7) House in Moree
Purchase price $60,000
Comparable sales $80,000
Rent $130
No renovation (rent should be $150 - $160 with no work)
8) House in Willmot
Purchase price $180,000
Comparable sales $240,000
Rent $320
Needs $7000 paint, carpet, fence, and tidy up.
9) Unit in Cairns
Purchase price $112,000
Comparable sales $140,000
Rent $200
No renovation
10) House Marsden Park
Purchase price $58,000
Comparable sales $Hard to compare
Rent $230pw
$20,000 renovation
11) 2 bed Villa in Nowra
Purchase price $97,000
Comparable sales $160,000
Rent $190
No renovation
12) House in Kempsey NSW
Purchase price $7,000
Comparable sales $140,000
Rent $230
Needs $30,000 renovation
13) Block of villa's in NSW
Purchase price $316,000
Market Value $500,000
Rent $980
Each villa fully renovated, brick and very modern.
14) Burnt out house in NSW
Purchase price $120,000
Comparable sales $600,000
Rent $1000pw (after renovation)
Needs $100,000 renovation, and has potential for 3 x villa's out the back.
So all in all I am on track for my initial goal this yea of buying 1 new buy and hold property every month this year.
Aside from this I have renovated 7 properties, many of these being existing properties also.
Just thought I would share my adventures of late, and I will as usual post up some good content videos of the renovations.