Hi all, Lily has requested we tell our story of how we bought 20 IP's in 5 yrs.
We're not sure how it happened except we were blessed, lived frugally, & madly kept paying off debt.
In '98 we were a single income family with 2 children (still are).
Our only assets were a block of land val $10k & Life Ins policy cashed in for $19k.
Will try not to bore everyone too much so will break up thread into parts. Here goes nothin.
IP1- 8/1/98 $125k. rent $125pw. Bank val now $160k rent $140.
IP2- 4/12/98 $27k. renov $5k. rent $100. Reval $46k rent $105.
PPOR- 3/12/99 $70. Bank deval 2000-$60k. Reval 2002 $75k.
IP3- 10/11/00 $105k. rent $170. Bank val now $185k. rent $180.
Cheers Brenda & Les
We're not sure how it happened except we were blessed, lived frugally, & madly kept paying off debt.
In '98 we were a single income family with 2 children (still are).
Our only assets were a block of land val $10k & Life Ins policy cashed in for $19k.
Will try not to bore everyone too much so will break up thread into parts. Here goes nothin.
IP1- 8/1/98 $125k. rent $125pw. Bank val now $160k rent $140.
IP2- 4/12/98 $27k. renov $5k. rent $100. Reval $46k rent $105.
PPOR- 3/12/99 $70. Bank deval 2000-$60k. Reval 2002 $75k.
IP3- 10/11/00 $105k. rent $170. Bank val now $185k. rent $180.
Cheers Brenda & Les