I began the property investment road back in 2004 by buying a PPOR that is now no longer part of my portfolio. In late 2005, this house became an IP when we purchased our second PPOR to live in, so in essence, this is when my wife and I began our journey.
Since 2005, we have bought a few properties (I won't bore you with the details), and now we have a PPOR, 3 IPs deriving cf- income and two block of land. We have done nothing special. We haven't subdivided, we haven't put on extensions, we haven't done any quick turnovers and renovating has only been weekends and very part time.
The question I have for those of you with experience, is what was the catalyst to start doing subdivisions, developments, extensions, etc. etc.??? What was it that made you start to be creative, to be "Active" investors?
Since 2005, we have bought a few properties (I won't bore you with the details), and now we have a PPOR, 3 IPs deriving cf- income and two block of land. We have done nothing special. We haven't subdivided, we haven't put on extensions, we haven't done any quick turnovers and renovating has only been weekends and very part time.
The question I have for those of you with experience, is what was the catalyst to start doing subdivisions, developments, extensions, etc. etc.??? What was it that made you start to be creative, to be "Active" investors?