How Many IP's Do you have?
- Thread starter tbinvestor
- Start date
Bart: Look, lady, I'm s'posed to be in the 4th grade
Teacher: Sounds to me like someone's got a case of the spose'das
Here's another: "Most ppl overestimate what they can do in 1 year but underestimate what they can do in 10."
Well Done Battler, that's my aim for this year!
I have 10, with an average valuation of around $500,000. I like making money through captial appreciation it's less work and I am very lazy
10 buildings
or
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Unit Report as of 4/18/09
Unit
b #1 Apt 01 224 Victoria
b #1 Apt 02 224 Victoria
b #1 Apt 03 224 Victoria
b #1 Apt 04 224 Victoria
b #1 Apt 05 224 Victoria
b #1 Apt 06 224 Victoria
b #1 Apt 07 224 Victoria
b #1 Apt 08 224 Victoria
b #1 Apt 09 224 Victoria
b #1 Apt 10 224 Victoria
b #1 Apt 11 224 Victoria
b #2 Apt 28 Bomber
b #3 Apt 3 Blois
b #4 Apt 96 Arthur
b #5 Apt 94 Peppard
b #6 Apt 01 164 Farnham
b #6 Apt 02 164 Farnham
b #6 Apt 03 164 Farnham
b #6 Apt 04 164 Farnham
b #6 Apt 05 164 Farnham
b #6 Apt 06 164 Farnham
b #6 Apt 07 164 Farnham
b #6 Apt 08 164 Farnham
b #6 Apt 09 164 Farnham
b #6 Apt 10 164 Farnham
b #6 Apt 11 164 Farnham
b #7 Apt 48 Andys
b #8 Apt 01 58 Dominion
b #8 Apt 02 58 Dominion
b #8 Apt 03 58 Dominion
b #8 Apt 04 58 Dominion
b #8 Apt 05 58 Dominion
b #9 Apt 05 Montgomery
b #9 Apt 15 Montgomery
b #9 Apt 21 Montgomery
b #9 Apt 29 Montgomery
b #9 Apt 37 Montgomery
b #10 Apt 113 Johnson
this many tenants
not much capital growth, only averaging 20%/year
but hugely cash++
or
--
Unit Report as of 4/18/09
Unit
b #1 Apt 01 224 Victoria
b #1 Apt 02 224 Victoria
b #1 Apt 03 224 Victoria
b #1 Apt 04 224 Victoria
b #1 Apt 05 224 Victoria
b #1 Apt 06 224 Victoria
b #1 Apt 07 224 Victoria
b #1 Apt 08 224 Victoria
b #1 Apt 09 224 Victoria
b #1 Apt 10 224 Victoria
b #1 Apt 11 224 Victoria
b #2 Apt 28 Bomber
b #3 Apt 3 Blois
b #4 Apt 96 Arthur
b #5 Apt 94 Peppard
b #6 Apt 01 164 Farnham
b #6 Apt 02 164 Farnham
b #6 Apt 03 164 Farnham
b #6 Apt 04 164 Farnham
b #6 Apt 05 164 Farnham
b #6 Apt 06 164 Farnham
b #6 Apt 07 164 Farnham
b #6 Apt 08 164 Farnham
b #6 Apt 09 164 Farnham
b #6 Apt 10 164 Farnham
b #6 Apt 11 164 Farnham
b #7 Apt 48 Andys
b #8 Apt 01 58 Dominion
b #8 Apt 02 58 Dominion
b #8 Apt 03 58 Dominion
b #8 Apt 04 58 Dominion
b #8 Apt 05 58 Dominion
b #9 Apt 05 Montgomery
b #9 Apt 15 Montgomery
b #9 Apt 21 Montgomery
b #9 Apt 29 Montgomery
b #9 Apt 37 Montgomery
b #10 Apt 113 Johnson
this many tenants
not much capital growth, only averaging 20%/year
but hugely cash++
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I've got a massive portfolio of o n e property.
The mightiest waterfall begins with a single drop.
Like Rixter says, you've already put yourself in the top 5% of the general population.
You can't get 2, 5 or 10 if you bever get 1. Congrats to you for making the bold move and giving it a go!
1 now
Will be 2 in July.
will be 4 by 2012 at the latest
Will be 2 in July.
will be 4 by 2012 at the latest
As always - confusion about rentable property versus sale-able property
So counting doors we can rent out 55 doors of which one is a factory unit, which would generate the equivalent of about 7 rentals. At the moment this has been on the market for 4 months lots of lookers but the market is flooded.
40 distinct sale-able IP's.
This has been accumulated over 23 years. LVR about 10%
As has been mentioned by a number of posters, in various posts, it is related to income and how you use that income. We elected to not buy the flash cars boats holiday house etc that come with high incomes but rather invest as funds became available and the time was right.
Cheers
So counting doors we can rent out 55 doors of which one is a factory unit, which would generate the equivalent of about 7 rentals. At the moment this has been on the market for 4 months lots of lookers but the market is flooded.
40 distinct sale-able IP's.
This has been accumulated over 23 years. LVR about 10%
As has been mentioned by a number of posters, in various posts, it is related to income and how you use that income. We elected to not buy the flash cars boats holiday house etc that come with high incomes but rather invest as funds became available and the time was right.
Cheers
As always - confusion about rentable property versus sale-able property
So counting doors we can rent out 55 doors of which one is a factory unit, which would generate the equivalent of about 7 rentals. At the moment this has been on the market for 4 months lots of lookers but the market is flooded.
40 distinct sale-able IP's.
This has been accumulated over 23 years. LVR about 10%
As has been mentioned by a number of posters, in various posts, it is related to income and how you use that income. We elected to not buy the flash cars boats holiday house etc that come with high incomes but rather invest as funds became available and the time was right.
Cheers
The question is handyandy, are you buying fancy cars and flash boats now???
No!! Simply not into them as a rule. besides its real hard to tow a trailer behind a Ferrari, they are just so low down
My weakness is tools - my latest purchase is a trailer based cherry picker. Mind you even this is justified on the basis of needing one to do about 3 months of 'high' work on a number of unit blocks. I hate working on ladders.
Cheers
UNO for me at the moment.
101 shitty properties
I am down to a block of 5 townhouses and only 7 houses. All under 5yrs old.
Had a lot more property that were older and constantly needed work And only ever got second rate tenants.
Sold down during the boom
Cashed up and rid of problems. Will buy back into property when i can see a profit in it.
I don't believe it is how many properties you have. But the quality, the cashflow , the potential for capital gain and the SANITY factor that matters.
N0 good owning 100 shitty properties that constantly drain you of $$ and emotionally with daily problems
I do now have a weakness to a new car every twelve months and like to travel.
But I am getting older Time to enjoy the fruits of my labor.
Gee Cee
I am down to a block of 5 townhouses and only 7 houses. All under 5yrs old.
Had a lot more property that were older and constantly needed work And only ever got second rate tenants.
Sold down during the boom
Cashed up and rid of problems. Will buy back into property when i can see a profit in it.
I don't believe it is how many properties you have. But the quality, the cashflow , the potential for capital gain and the SANITY factor that matters.
N0 good owning 100 shitty properties that constantly drain you of $$ and emotionally with daily problems
I do now have a weakness to a new car every twelve months and like to travel.
But I am getting older
Time to enjoy the fruits of my labor. Gee Cee
2...soon to be 3 in July. Only started in April last year.
I am down to a block of 5 townhouses and only 7 houses. All under 5yrs old.
Had a lot more property that were older and constantly needed work And only ever got second rate tenants.
Sold down during the boom
Cashed up and rid of problems. Will buy back into property when i can see a profit in it.
I don't believe it is how many properties you have. But the quality, the cashflow , the potential for capital gain and the SANITY factor that matters.
N0 good owning 100 shitty properties that constantly drain you of $$ and emotionally with daily problems
I do now have a weakness to a new car every twelve months and like to travel.
But I am getting older
Gee Cee
I like the sound of this...maybe I will buy some crappy ones now for a future sell down later...
And you hit the nail right on its noggin, people are getting older, sooner or later you have to enter the gratification stage and start enjoying the sacrifices you made earlier...
