This is my first post and I'm not sure if I should start a new thread, but I couldn't find an existing thread to put this in.
I have been stalking this forum since 2009. Thought it's time I thanked you for all the inspiration and ideas and also share my journey so far.
Here's my IP travel log.
Jul 2007 - PPOR Hornsby unit - purchased at $316K
Dec 2010 - Mt Druitt unit IP - purchased at $230K - lovely tenants
Apr 2014 - changed PPOR to Hornsby house - purchased at $995K (using equity); converted previous PPOR to IP
Current status:-
41 years young
2 IPs + PPOR
Aim to use equity to buy 2-3 IPs in the next 5 years
Then extract equity every year to invest in Vanguard ETFs, Managed funds
Assuming a growth rate of 5% per annum, I forecast a $6.2m loan and a $9.8m total asset value by 2030
Cheers
I have been stalking this forum since 2009. Thought it's time I thanked you for all the inspiration and ideas and also share my journey so far.
Here's my IP travel log.
Jul 2007 - PPOR Hornsby unit - purchased at $316K
Dec 2010 - Mt Druitt unit IP - purchased at $230K - lovely tenants
Apr 2014 - changed PPOR to Hornsby house - purchased at $995K (using equity); converted previous PPOR to IP
Current status:-
41 years young
2 IPs + PPOR
Aim to use equity to buy 2-3 IPs in the next 5 years
Then extract equity every year to invest in Vanguard ETFs, Managed funds
Assuming a growth rate of 5% per annum, I forecast a $6.2m loan and a $9.8m total asset value by 2030
Cheers