isn't as simple as just buying more?
Replacing JOB with PI income
- Thread starter tarah
- Start date
isn't as simple as just buying more?
About 4 years ago I gave up my day job but this achieved via husband's business, I don't work in it but the business pays me a very good salary, provides a luxury vehicles and lots of extras. I have continued to pursue my passion of property investing, however my husband still runs the company.
It has now only been the last 6 months that the penny has dropped and I am starting to use property to provide an income stream rather than just buy and hold, albeit lump sum deals.
I don't look for cash flow property deals as I don't see the point of $20 pw after all expenses unless commercial/industrial property.
What I am doing now is purchasing property where I can subdivide, keep front property sell off back. I am new to organising DAs (permits and plans) for unit sites. I am finding the figures very attractive. Its easy if you get into a rising market, parts of Melb is stacking up nicely.
I am also looking at purchasing small blocks of units with other parties in desirable inner city areas. Project manager manages the renovation and this adds value, once again only chasing a rising market.
I have plenty of time to look pursue property and still learning alot which is fun.
Cheers, MTR
It has now only been the last 6 months that the penny has dropped and I am starting to use property to provide an income stream rather than just buy and hold, albeit lump sum deals.
I don't look for cash flow property deals as I don't see the point of $20 pw after all expenses unless commercial/industrial property.
What I am doing now is purchasing property where I can subdivide, keep front property sell off back. I am new to organising DAs (permits and plans) for unit sites. I am finding the figures very attractive. Its easy if you get into a rising market, parts of Melb is stacking up nicely.
I am also looking at purchasing small blocks of units with other parties in desirable inner city areas. Project manager manages the renovation and this adds value, once again only chasing a rising market.
I have plenty of time to look pursue property and still learning alot which is fun.
Cheers, MTR
