Hi there. Some of you might remember me. 
I've been here, was posting a lot & asking billions of questions early on. Now, Lurking in occasionally. Thought I'd jump out from the spare room and say hi again!
My story in a nutshell? I started buying property with my PPOR in 2001 (now sold), followed by first IP in 2003, followed by another IP in 2004 (sold) followed by 2nd PPOR in 2006 (now sold) followed by another IP in 2006, followed by current PPOR in 2007, followed by a block of land in a JV with our SMSF with a bunch of other super funds, accountant & developer. (Land about to be divided, should be a good return on that one).
Followed by.... .... nothing for a while now.
Feel a bit constrained, but happy there was an initial flurry of activity whilst the boys were really young (less than 2ys). Now they're in school and it's slowed down a bit.
I am looking at buying the house next door, to complement our 795 sqm block with another 795sqm block. That should give us enough land to knockdown & rebuild perhaps some apartments. (one red hotel, like Kristine puts it)..
Only problem is - cashflow is Bluddy tight! has been for ages. Cause the thing is - still single income, 3 kids now, and they're all Boys! (chomp chomp chomp chomp, break stuff, chomp, shoes wear out, chomp chomp chomp, interested in new and expensive sport, etc etc etc.) I'm starting to see the tight cashflow as a pattern.
I love the lads dearly, don't get me wrong - there's no complaint there.
Right now we're sitting on about 1.2M worth of property - debt around the 990k mark. Floating at about 300K worth of equity and waiting for that rising tide.
Next purchase should take us to the 1.5M worth, debt around 1.2 so still 300K equity and hope like hell for some more growth!
Anyone else experienced rents go DOWN though? poo.
So I just thought I'd pop back in and say hi! I've been reading and thinking and reading and plotting and musing and staying busy with life.
Just now, JUST now, after 8.5 years of single income life, my beautiful wife is looking around at part time work. Boys are in school and the early years we're proud to say are solid. That may help ease the cashflow a bit.
Nevertheless - I'm grateful for where we are at the moment, and convinced it will get better from here.
So:
This is a 'gratefulness' post in case you hadn't gathered so far. Probably a little unstructured - but hey.
I want to say thanks so far to all the posters, encouragers, stories, and inspiring posts that you somersofters have given over all the years. And yes, I'm still here.
Cheers
alwayscurious.
I've been here, was posting a lot & asking billions of questions early on. Now, Lurking in occasionally. Thought I'd jump out from the spare room and say hi again!My story in a nutshell? I started buying property with my PPOR in 2001 (now sold), followed by first IP in 2003, followed by another IP in 2004 (sold) followed by 2nd PPOR in 2006 (now sold) followed by another IP in 2006, followed by current PPOR in 2007, followed by a block of land in a JV with our SMSF with a bunch of other super funds, accountant & developer. (Land about to be divided, should be a good return on that one).
Followed by.... .... nothing for a while now.
Feel a bit constrained, but happy there was an initial flurry of activity whilst the boys were really young (less than 2ys). Now they're in school and it's slowed down a bit.
I am looking at buying the house next door, to complement our 795 sqm block with another 795sqm block. That should give us enough land to knockdown & rebuild perhaps some apartments. (one red hotel, like Kristine puts it)..
Only problem is - cashflow is Bluddy tight! has been for ages. Cause the thing is - still single income, 3 kids now, and they're all Boys! (chomp chomp chomp chomp, break stuff, chomp, shoes wear out, chomp chomp chomp, interested in new and expensive sport, etc etc etc.) I'm starting to see the tight cashflow as a pattern.
I love the lads dearly, don't get me wrong - there's no complaint there.
Right now we're sitting on about 1.2M worth of property - debt around the 990k mark. Floating at about 300K worth of equity and waiting for that rising tide.
Next purchase should take us to the 1.5M worth, debt around 1.2 so still 300K equity and hope like hell for some more growth!
Anyone else experienced rents go DOWN though? poo.
So I just thought I'd pop back in and say hi! I've been reading and thinking and reading and plotting and musing and staying busy with life.
Just now, JUST now, after 8.5 years of single income life, my beautiful wife is looking around at part time work. Boys are in school and the early years we're proud to say are solid. That may help ease the cashflow a bit.
Nevertheless - I'm grateful for where we are at the moment, and convinced it will get better from here.
So:
This is a 'gratefulness' post in case you hadn't gathered so far. Probably a little unstructured - but hey.
I want to say thanks so far to all the posters, encouragers, stories, and inspiring posts that you somersofters have given over all the years. And yes, I'm still here.
Cheers
alwayscurious.
