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Well done on your efforts mate.. btw how do you pronounce your surname?
The plan moving forward is to purchase another property in the coming month and then that will be my acquisition phase done. From there it will be finding additional avenues to increase my income and in turn my serviceability. One day have a crack at property developing too, there is so much to learn!
Have you hit a servicing wall yet?
Personally I would find it hard to sit back after the acquisition phase after going so hard for 2 years to wait for the growth. Do you expect to be purchasing any more properties in the coming years? How long do you expect until you move into the next phase?
Very interested to see how the next 2 years goes for you Michael.
Beanie Girl - you are the most giving person I have met. Thank you for the countless phone counsels, showing me the joy of helping others and being someone to share my journey with.
I read that you used a BA initially, but for your rapid expansion in to qld, did you use a BA or did you go alone?
Tgan
In the end I did it myself but did explore the option of BAs when I first started looking in Brisbane.
There are so many experts on Somersoft so I leveraged their expertise. Spent quite a bit on airfares and alot of time on the ground.
Xia pronounced 'Sha'
Rolf - you have been so much more than just my mortgage broker. Thank you for opening my eyes to what's possible, showing me the importance of 'significance' and challenging my preconceived ideals. I definitely wouldn't have done this without your guidance.
hi michael,
i'm just wondering did u purchase all your properties via a TRUST/ multiple Trusts?
it may sound stupid to advice ss investors here, but just wondering how he went about his purchases.
Tx,
k
Thanks for sharing your story. Always interesting to see how others have gone about it.
Are you nervous about having such a large debt? This strategy obviously works well when house prices go up and interest rates are so low. Have you gone down this path with the assumption that prices will rise indefinitely?
Well done Michael, thanks for sharing..
If you can start again, what you will do different?