Goal:
5 Properties worth 2 Mill - 3 x Adelaide & 2 x Perth
Property #1 340k 350 p/w
Property #2 500k 500 p/w
Property #3 340k 350 p/w
Property #4 340k 350 p/w
Property #5 500k 500 p/w
Total rent = 8,200 p/w
2,020,000 Loan 5% Interest Only 30 years = 8,416.67 p/m
Current status:
Property #1 320k Adelaide Debt 210 Rent $310 P/W
Property #2 500k Perth Debt 225 (PPOR - I only own half of this house)
$34000 Shares (20k margin loan), $150000 Gold, $3000 Silver
Plans:
Buy another property in the next few months using equity in property 1 to buy property 3 then next year 2015 sell some gold to come up with deposit for number 4. As well as continue to build my share portfolio every month.
Anyone want to share their opinions or ideas regarding my plan.
Thanks Matt.
5 Properties worth 2 Mill - 3 x Adelaide & 2 x Perth
Property #1 340k 350 p/w
Property #2 500k 500 p/w
Property #3 340k 350 p/w
Property #4 340k 350 p/w
Property #5 500k 500 p/w
Total rent = 8,200 p/w
2,020,000 Loan 5% Interest Only 30 years = 8,416.67 p/m
Current status:
Property #1 320k Adelaide Debt 210 Rent $310 P/W
Property #2 500k Perth Debt 225 (PPOR - I only own half of this house)
$34000 Shares (20k margin loan), $150000 Gold, $3000 Silver
Plans:
Buy another property in the next few months using equity in property 1 to buy property 3 then next year 2015 sell some gold to come up with deposit for number 4. As well as continue to build my share portfolio every month.
Anyone want to share their opinions or ideas regarding my plan.
Thanks Matt.