From: Michael Croft
Hello all,
No I am not back to offend you all just yet but felt an explanation was required for my absence.
Two years ago one of my advisors, originally a mentor and then friend, was diagnosed with cancer. He went into remission then relapsed about three months ago - he was buried yesterday, age 46. As I am but 43 this was a little close to home, the expression "there but for the grace of god go I" comes to mind.
Anyway this is not meant to be a philosophic treatise but an apology of sorts to all who emailed and phoned but got no reply - I was rude and apologise. Suffice to say I was having my (another) mid life crisis and am over it.
Death does have a way of making you re evaluate your life and meaning - I'm sure the answer is 42!
Anyway to property; been doing a few renos whilst I've been wallowing in self pity - the results are impressive even if I do say so myself. I'll post the details latter but the figures are;
1. $440k to $600k for a $7k outlay and I've still got 4 months to settle! This is a straight cap gain deal the rental return is pathetic.
2. $350k to $480k for a $22k outlay and a 9% rental return in an area where 5% or less is the norm.
3. $260k to $510k for a $16k outlay AND an 11% rental return AND less than 1km from the CBD.
Full details to come for those who are interested.
I will also post details of some of the people I have helped do it for themselves over the last 12 months. Each is now an average $100k in equity better of for the experience for an average of $20k outlay.
Have a great weekend,
Michael Croft
Hello all,
No I am not back to offend you all just yet but felt an explanation was required for my absence.
Two years ago one of my advisors, originally a mentor and then friend, was diagnosed with cancer. He went into remission then relapsed about three months ago - he was buried yesterday, age 46. As I am but 43 this was a little close to home, the expression "there but for the grace of god go I" comes to mind.
Anyway this is not meant to be a philosophic treatise but an apology of sorts to all who emailed and phoned but got no reply - I was rude and apologise. Suffice to say I was having my (another) mid life crisis and am over it.
Death does have a way of making you re evaluate your life and meaning - I'm sure the answer is 42!
Anyway to property; been doing a few renos whilst I've been wallowing in self pity - the results are impressive even if I do say so myself. I'll post the details latter but the figures are;
1. $440k to $600k for a $7k outlay and I've still got 4 months to settle! This is a straight cap gain deal the rental return is pathetic.
2. $350k to $480k for a $22k outlay and a 9% rental return in an area where 5% or less is the norm.
3. $260k to $510k for a $16k outlay AND an 11% rental return AND less than 1km from the CBD.
Full details to come for those who are interested.
I will also post details of some of the people I have helped do it for themselves over the last 12 months. Each is now an average $100k in equity better of for the experience for an average of $20k outlay.
Have a great weekend,
Michael Croft
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