What age are you now?
- Thread starter Glucose
- Start date
I am 28y.o with 3 IPs @ around 60%LVR, managed funds, cash and shares.
Current activities inc:
building another IP soon to be completed but undecided on whether to sell and put cash into managed funds or keep it. Very good profit and very nice house.
And just signed a contract on another block of land to line up our next project. will be settling around when the other IP is ready. The profit forecast has already been slashed since the market is a bit weird atm. Land prices keep going up but house & land package prices remain the same.
Will be turning one of our IPs into a PPOR next year.
Current activities inc:
building another IP soon to be completed but undecided on whether to sell and put cash into managed funds or keep it. Very good profit and very nice house.
And just signed a contract on another block of land to line up our next project. will be settling around when the other IP is ready. The profit forecast has already been slashed since the market is a bit weird atm. Land prices keep going up but house & land package prices remain the same.
Will be turning one of our IPs into a PPOR next year.
24, 2 IPs and 2 soon to be built. Chunk of LICs as well..
31, PPOR + 1st IP settles on Wednesday!
Age 52
Retired???? about 2 years ago although some people seem to think that I retired some 8 years ago
based on the amount of work I did.
I say retired as really found other things to do which are not directly related to earning a PAYG wage but hopefully add to my overall portfolio.
http://www.somersoft.com/forums/showpost.php?p=313237&postcount=44
Some of the things we now do in retirement (and have been doing since for ever). This is four of us and was over the last 2 months
Just replaced fire doors on 16 units, organized the fitting of emergency lighting and smoke detectors in 3 stair cases, organized a 400x400 drainage channel at one property and replaced about 25sqm of footpath.
Had meeting with strata manager to organize another 16 doors etc in a block where I only own 2 units. Have offered our services for $3k which will save the strata about $3k.
Started the refit of 2 units with the plumbing due to finish tomorrow then will get bathroom re-rendered and proceed with the full fitout. These are the 2 units I started considering for multi let type rentals - just toying with this idea.
Kitchen fitted in our PPOR still in progress because of problems with blum draws. Re carpeted PPOR also a problem as two different dye lots Finished hanging doors in PPOR and bought various pieces of furniture. Shopping takes sooo much time.
Oh, and took a week of in Cairns although this didn't really warm us up!!!!
I really don't know how I ever fitted in any job
Cheers
Retired???? about 2 years ago although some people seem to think that I retired some 8 years ago
based on the amount of work I did.I say retired as really found other things to do which are not directly related to earning a PAYG wage but hopefully add to my overall portfolio.
http://www.somersoft.com/forums/showpost.php?p=313237&postcount=44
Some of the things we now do in retirement (and have been doing since for ever
). This is four of us and was over the last 2 monthsJust replaced fire doors on 16 units, organized the fitting of emergency lighting and smoke detectors in 3 stair cases, organized a 400x400 drainage channel at one property and replaced about 25sqm of footpath.
Had meeting with strata manager to organize another 16 doors etc in a block where I only own 2 units. Have offered our services for $3k which will save the strata about $3k.
Started the refit of 2 units with the plumbing due to finish tomorrow then will get bathroom re-rendered and proceed with the full fitout. These are the 2 units I started considering for multi let type rentals - just toying with this idea.
Kitchen fitted in our PPOR still in progress because of problems with blum draws. Re carpeted PPOR also a problem as two different dye lots
Finished hanging doors in PPOR and bought various pieces of furniture. Shopping takes sooo much time.Oh, and took a week of in Cairns although this didn't really warm us up!!!!
I really don't know how I ever fitted in any job
Cheers
started at 40y's, over the past 18 mths bought 5 and sold 2, leaves the 3 ips in a nutural cash possition. looking for next project now.
+ ppor
Wayne
+ ppor
Wayne
