Property – what did you do in 2009? Goals/Plans for 2010!!!

2009:

Purchased another IP
Increased Net Worth by 55% through natural property growth and other means

2010:
Property wise, nothing in the first half, will begin considering further purchase in the second half.
 
2009

- did not buy any more property
- significant cash investments into Australian indexed managed share fund
- equity and rents increased nicely across the property portfolio requiring zero personal effort
- stayed focus on the J.O.B with significant international opportunity taken up.

2010

- continue to sit and watch property portfolio grow and increase rents
- continue to invest in managed share fund
- enjoy the whole thing while I watch it grow
- invest more on personal gratification with some major luxury holidays planned for wife and myself...:)
 
2009

- Built up cash reserves in offset accounts which I will keep adding to in 2010.
- Investigated establishing a SMSF and buying an IP in the fund. Decided not to go ahead with the strategy but to reinvest existing superannuation funds back into shares.
- Bought IP No. 8.
- Repainted IP No. 1. (Well, paid to have it done!)


2010

- Have properties re-valued, draw out equity.
- Will look for IP No. 9.
- May establish a Trust to purchase shares in.
- Increase rents
 
2009

Bought 1st IP in Glen Huntly in May 09 and undertook a quick reno on it.
Had a baby with the Mrs in Nov 09
Read plenty of property articles to stay in focus

2010

Deal with progressive repayments for apartment back in Singapore
Undertake slight improvement on 1st IP to increase rent when tenancy ends in Sept 10
Watch baby grow a day at a time
Read plenty of property articles to stay in focus
Sit and Wait
 
2009

Finished reno on old house
Mostly finished reno on current house
Tried and failed to sell old house but actually got tenants
Saved up rather a lot of money despite all this renovating

2010

Current house pegged to be finished by February
Start DA for new 4x2
Will definately bludgeon a broker into getting us finance at some point
Sell current house, thus getting us very close to debt free
Breed
Use baby bonus to get partner some kind of half useful certificate
Go fishing for next project
 
2009
  • Second daughter born in June - most of the year revolved around that! Now 6 months old and almost crawling!
  • Finished paying off the small PPOR mortgage we had to take out when we upgraded last year.

2010
  • Cope with life as a single income family.
  • Put all spare cash into paying down the 3 IP mortgages with a view to having them all paid off and debt free in 5 years when if the market has settled down we'll look at another.
  • Possibly sell first IP to free up cash and pay off others.
 
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