Unfortunate to hear. :/
Hopefully from here on out you won't have these problems!
Timeline, milestones.
- Thread starter Richard Feynman
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- milestones timeline
Unfortunate to hear. :/
Hopefully from here on out you won't have these problems!
1955 - Born
1974 - Finished School
1974 - Started 1st job
1979 - 1st PPOR
1983 - Married
1983 - 1st son
1985 - Left 1st Job
1985 - 1st IP
1986 - Overseas posting (had a ball)
1987 - 2nd son
1987 - Back from Overseas
1987 - 2nd IP
1993 - 3rd IP
1994 - started business
1995 - 1st CIP business occupies
1995 - 2nd PPOR 1st PPOR kept
1995 - start SMSF
1998 - 1st block of units (7)
1999 - 2nd block of units (6)
1999 - 3rd block of units (15)
1999 - 6 IP's
2000 - 4th block of units (9)
2001 - 3 more IP's
2003 - GF
2005 - finished business
2005 - remodeled PPOR
2006 - relinquished my office and rented out CIP
2011-12 - 11 IP's USA
2014 - 2nd CIP When it finally settles
2014 - Looking for more CIP's
PS Forgot the one property we sold. Was a JV in Rozelle sold with a DA for redevelopment 2002
1974 - Finished School
1974 - Started 1st job
1979 - 1st PPOR
1983 - Married
1983 - 1st son
1985 - Left 1st Job
1985 - 1st IP
1986 - Overseas posting (had a ball)
1987 - 2nd son
1987 - Back from Overseas
1987 - 2nd IP
1993 - 3rd IP
1994 - started business
1995 - 1st CIP business occupies
1995 - 2nd PPOR 1st PPOR kept
1995 - start SMSF
1998 - 1st block of units (7)
1999 - 2nd block of units (6)
1999 - 3rd block of units (15)
1999 - 6 IP's
2000 - 4th block of units (9)
2001 - 3 more IP's
2003 - GF
2005 - finished business
2005 - remodeled PPOR
2006 - relinquished my office and rented out CIP
2011-12 - 11 IP's USA
2014 - 2nd CIP When it finally settles
2014 - Looking for more CIP's
PS Forgot the one property we sold. Was a JV in Rozelle sold with a DA for redevelopment 2002
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Seems to me like you are doing much the same thing. I have just been at it longer lol.
It's not just units but entire blocks of units that I set out to buy. Motivation was the reduction of maintenance cost and land tax. With all these costs and more costs able to be spread over of the related rental income.
I control the blocks, arrange for the upkeep of the general areas, control who is or isn't on the property etc.
I have now shifted my strategy to CIP as the cost for blocks of units relative to the condition is prohibitive.
Cheers
1982 - born
1999 - graduated yr 12
2000 - did a year of uni but didnt like it (or get far) as was in party mode
2001 - entered workforce
2004 - bought ppor (at 21 and half) by doing stupid amounts of overtime on a 27k pa job
2005 - converted ppor to ip and moved to adelaide
2008 - sold ip
2009 - moved back to perth and began working in IT industry
2012 - signed up for h&l package to be ppor
2013 - build completes and moved in, began doing finishings
2014 - get equity out of above and buy 1 or 2 IPs
1999 - graduated yr 12
2000 - did a year of uni but didnt like it (or get far) as was in party mode
2001 - entered workforce
2004 - bought ppor (at 21 and half) by doing stupid amounts of overtime on a 27k pa job
2005 - converted ppor to ip and moved to adelaide
2008 - sold ip
2009 - moved back to perth and began working in IT industry
2012 - signed up for h&l package to be ppor
2013 - build completes and moved in, began doing finishings
2014 - get equity out of above and buy 1 or 2 IPs
Even more responses. Excellent. I feel like a voyeur with people voluntarily opening their windows for me...or something.
I'll work out that avg age stuff again soon. In the mean time, keep them coming.
I'll work out that avg age stuff again soon. In the mean time, keep them coming.
Handy, could you please further explain that last comment about costs for blocks of units relative to condition is prohibitive? Are you meaning the costs of wear and tear?
There seems to be a common theme on this forum that all experienced resi IP players seem to graduate and end up with CIPs. Is there a reason for this?
If CIP is the pinnacle of property investment, should we not just start there if finances allow?
Sorry devank.
I am the real grand-daddy. I bought my first property PPOR aged 34, followed by first CIP aged 38.
Is that mainly IPs where business are run or block of residential IPs?
I find that people who start with investing in resi properties - after many years - tend to end up investing in commercial IPs - be they offices, warehouses, retail shops etc. So it seems like beginners do resi but advanced investors do comm IPs. I guess entire blocks of units must also be an advanced technique but even then as you can see from handyandy's post, that he too is moving on to commercial.
Bought again:
1985 - Born
2010 - PPOR (worth $415k)
2013 - IP1 (worth $525k)
2014 - IP2 (worth $530k)
1985 - Born
2010 - PPOR (worth $415k)
2013 - IP1 (worth $525k)
2014 - IP2 (worth $530k)
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Born 1969
PPOR 1987
1999 met hubby, bought and flipped several PPORs
2000 moved to NZ and lost some money on an emotional purchase
2004 moved to Scotland and recouped some losses in rising market bought current IP1
2010 moved to Aus, bought IP2 whilst renting
2012 IP 3&4
2013 IP 5
2014 IP 6 still renting our home and planning for retirement. Might move into one of the IPs.
Just in case anyone thinks I'm doing very well, these are all cheap properties and probably total less value than many on here with1-2 IPs : )
PPOR 1987
1999 met hubby, bought and flipped several PPORs
2000 moved to NZ and lost some money on an emotional purchase
2004 moved to Scotland and recouped some losses in rising market bought current IP1
2010 moved to Aus, bought IP2 whilst renting
2012 IP 3&4
2013 IP 5
2014 IP 6 still renting our home and planning for retirement. Might move into one of the IPs.
Just in case anyone thinks I'm doing very well, these are all cheap properties and probably total less value than many on here with1-2 IPs : )
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Feel free to post their values.
1.2mil. Really enjoying the journey.
Holding 7 figures of IPs is a great effort, regardless of how many properties that equates to.
It is very interesting to see the similarities 
Born 1975
2000 Married
2002 PPOR
2003 IP1
2008 New PPOP (existing PPOR became IP2)
2008-2012 2 more IPs
2012 Sold IP1 (in hindsight, not a good idea)
and 3 kids along the way
Born 1975
2000 Married
2002 PPOR
2003 IP1
2008 New PPOP (existing PPOR became IP2)
2008-2012 2 more IPs
2012 Sold IP1 (in hindsight, not a good idea
)and 3 kids along the way
