What have you achieved this year!!

Discussion in 'Where to Buy' started by jpcashflow, 8th Dec, 2014.

  1. jpcashflow

    jpcashflow Member

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    Hi All,

    I cant believe its almost the end of another year.
    For me this has been a really great year in terms of building some cash plus my property portfolio. Here are a few highlights I would like to share...
    Maybe you can share some of your achievements too!!

    1) Bought a property in Melbourne - Bought it under market value and already cash flow positive from day one even after loan and expenses.

    2) Bought a development site in Melbourne and Permits approved - Construction to start in FEB.

    3) Bought another IP under market value and in return its also cash flow positive after expenses.

    A very good year and in a very strong cash position. I wont be buying another site until we finish the first one off..
     
    charttv likes this.
  2. beachgurl

    beachgurl Member

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    I feel like I wasted the first half of the year trying to make a deal work in Sydney, rather than moving onto another state. Second half of the year I have been working on my splitter block project in Brisbane. So while I haven't done a lot of things, I have exceeded my comfort level by working towards small development projects and have learned a lot along the way.
     
  3. jpcashflow

    jpcashflow Member

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    Hi

    Hi,

    I don't think time was wasted in your case just a lesson that you have experienced :).

    Good luck with the new project as well.
     
  4. Baker

    Baker Member

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    Signed an extended and improved employment contract
    Started a Masters degree
    Snowboarded in Japan
    Began a relationship with a wonderful girl - still going strong
    Visited Perth, Italy and Mexico for a week each with work
    Bought a car
    Some of the athletes I train won gold medals at the Commonwealth games
    Flew A380 business class internationally - that was sweet
    Holidayed in Thailand
    Moved out of my unit and listed it for rent (last week) making me a 1st time property investor
    Sold a car
    Doing Tough Mudder this weekend
    Hope to buy another IP before the end of the year...

    Actually, that was worth thinking about. Great thread!
     
    C Stewart likes this.
  5. D.T.

    D.T. Property Lookerafterer

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    Calendar year 2014:

    - bought 4 cashflow positive properties

    - bought a dev block that ill build on in 2015

    - prepped for starting new biz

    - passed basic German, now onto intermediate

    - managed to pay off all non deductible debt (except homeloan of course)
     
    devank, Blacky and charttv like this.
  6. jpcashflow

    jpcashflow Member

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    Hi

    Hi Scott,

    Well done mate... we went to Italy, france, malta (Visit 100 cousins) and England... got to see my man united loose though :(.
     
  7. pinkboy

    pinkboy SS Lookerafterer

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    Scott, what do you coach?

    pinkboy
     
  8. Brian84

    Brian84 Member

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    Part of the year was **** but part was good.
    Good part
    -Started working towards getting my second business up and running.
    - had a nice holiday to Fiji for my 30th
    **** part
    - got my truck broken into and all my tools stolen about 6k worth
    - had a work accident in the end of oct and will be out of action til February hopefully
     
  9. Coota9

    Coota9 Member

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    -After a painfully long time I finally settled on my first IP in Waterford QLD.
    -Believe I have finally burst my procrastination bubble,looking at 3/4 more IPs next year
    -Week in Hong Kong with a work function
    -Did some reno's on PPOR-Bathroom & Kitchen
    -Daughter's illness defined the true meaning of family and what it means to be both a Father and a Husband.
     
  10. Baker

    Baker Member

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    Sport scientist / gym coach for the national track cycling program.
     
  11. D.T.

    D.T. Property Lookerafterer

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    You two are going to get along real well :)
     
  12. Brian84

    Brian84 Member

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    Congrats on the first purchase coota. Hope your daughter is ok. I am yet to purchase my first ip. I'm hoping 2015 is my year. I also renovated my bathroom on ppor this year
     
  13. pinkboy

    pinkboy SS Lookerafterer

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    Track! :eek:

    They got no brakes!:eek:

    pinkboy
     
  14. Newbieatlife

    Newbieatlife Member

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    well done mate...the first ip is always the hardest and most time consuming. I hope the experience acts as a catalyst for you and builds into a snowball in 2015 and beyond
     
  15. Baker

    Baker Member

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    Hope you're on the mend.

    Best wishes. Nothing comes close in importance to family.
     
  16. LeoT

    LeoT Member

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    Amazing achievments so far this year Dave! I know from talking to Dave hes amazingly committed to is goals.

    Well done!

    leo
     
  17. Baker

    Baker Member

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    I just make them fit, strong & powerful. I leave the riding bit to the cycling experts.
     
  18. Brian84

    Brian84 Member

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    Thanks baker just in the recovery stage now
     
  19. Coota9

    Coota9 Member

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    Brian84,

    My 2c worth is that for your first IP you may not buy the "perfect" property but really your main goal should be not to buy a lemon..

    Just have confidence that you have done all you can to mitigate as much risk as you can..


    Baker,

    Thanks daughter and indeed our family are in for the long haul with her illness.
     
    Last edited: 8th Dec, 2014
  20. Brian84

    Brian84 Member

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    Thanks for the advice coota. I think for the first property I will go,through a reputable buyers agent.

    Hope the illness isn't to serious, family is more important than anything.