Well, CairnsInvestor
This poll is a bit of a problem.
Why did I buy what I bought?
Are we talking about the house I bought in in 1994 which I can now knock down (except it's too good to knock down) and build three townhouses instead, or
The old house which I completely renovated and also subdivided the land, or
The commercial (retail) properties where I can build offices or apartments on the second storey, or
The unit in the block which presents the opportunity to buy up the whole lot over time, and then maybe knock the 1960s concrete bunkers down and build two storey townhouses, or
The bomb site which couldn't be subdivided but which now can, and can now fit a mansion incorporating three townhouses, or
The vacant block on which I built the exec rental, or
etc etc etc
Essentially, I buy the deal. Sometimes, I buy on a whim. Well, mostly I buy on a whim. You never know if you don't have a go.
I always wanted to own a block of flats. As a child, flats were the height of sophistication for me. Now that single person households are the fastest growing category of household, flats are back on the housing agenda regardless of the age of the occupier.
And flats don't get possums and require minimal maintenance.
I haven't bought a factory yet, but why should Daz have all the fun? A big shed sounds like a great idea. Maybe I'll get around to it after I do the Mansion House.
For the serious investor, versatility is half the success. Just buy it, throw it in the bag and get on with the next one. That'll do me.
Cheers
Kristine