What have you achieved this year!!

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

  1. Demoivre

    Demoivre Member

    Joined:
    17th Oct, 2013
    Messages:
    210
    Location:
    Perth, WA
    Thanks!

    No as good as Michael___X!
     
  2. jayt

    jayt Member

    Joined:
    6th Mar, 2014
    Messages:
    1
    Location:
    Perth
    Highlights of 2014:

    1. Finally joined this forum
    2. Making my first post now
    3. Bought first 2 IPs (both cash flow positive)
    4. Trekked to Everest Base Camp!
    5. Prepping to start new business in 2015
     
    red liverbird likes this.
  3. roypropertyinv

    roypropertyinv Member

    Joined:
    20th Dec, 2013
    Messages:
    101
    Location:
    Sydney, NSW
    2014:

    • Bought my first IP, which has been rented since day one.
    • After buying that, I realised I had streched myself a little thin and would need a cash buffer. Managed to save cash buffer.
    • Saved a portion towards deposit on 2nd IP
    • Learnt a lot about property investing
    • Started to assemble a team
    • Refined my system for picking shares
    • Changed jobs
    • Joined AIQS
    • Deadlift 2.2 x bodyweight
    • Won local cricket grand final

    2014/2015:

    • Enjoy Christmas and seeing my family.
    • Support wifey in upcoming exams.
    • Buy 3 more IP's. To do this I will need to create some equity and release.
    • Join RICS
    • Take a course. Vague at this stage!
    • Increase property investment knowledge.
    • Make more contacts, do more networking.
    • Build team
    • Go on holiday! New Zealand in March.
    • Play more golf.
    • Deadlift 3 x bodyweight!
     
  4. redwing

    redwing Progress Not Perfection

    Joined:
    16th Mar, 2004
    Messages:
    8,533
    Media:
    69
    Location:
    WA
    Ha Ha

    See below from an earlier post (pre #10), congrats on completing your MBA also

    Waiting for the detailed journey thread now ;) :D

     
  5. willair

    willair xx

    Joined:
    23rd Jan, 2003
    Messages:
    6,850
    Media:
    3
    Location:
    fibro humpy..
    That's a lot of property for one year in Brisbane ,maybe you might be able to give us an idea on the location within Brisbane,if not then well done Qld needs more people like you..imho..
     
  6. Michael_X

    Michael_X Member

    Joined:
    10th Jun, 2013
    Messages:
    372
    Location:
    Sydney, NSW
    Hahaha, good pick up Redwing. My goal was IP10 before but a good equity pull meant now there is potential for IP12, working on this as we speak.

    I want to have this wrapped up first. The detailed write up is definitely coming :)
     
  7. Michael_X

    Michael_X Member

    Joined:
    10th Jun, 2013
    Messages:
    372
    Location:
    Sydney, NSW
    They are all in the Logan Council, mostly around the $250-300k price range. Numbers work so I continue buying.
     
    Redom likes this.
  8. WilliamB

    WilliamB Member

    Joined:
    15th Apr, 2013
    Messages:
    225
    Location:
    Brisbane
    Some awesome results here (assuming numbers stack up for each of you)!! Well done guys!
     
  9. willair

    willair xx

    Joined:
    23rd Jan, 2003
    Messages:
    6,850
    Media:
    3
    Location:
    fibro humpy..
    That's what I thought,well done,and good luck..
     
  10. D.T.

    D.T. Property Lookerafterer

    Joined:
    4th Feb, 2003
    Messages:
    7,181
    Media:
    6
    Location:
    Perth & Adelaide
    He puts my haul of 4-5 to shame :p
     
  11. redwing

    redwing Progress Not Perfection

    Joined:
    16th Mar, 2004
    Messages:
    8,533
    Media:
    69
    Location:
    WA
    Years not finished yet either :D
     
  12. spanna

    spanna Member

    Joined:
    6th Feb, 2012
    Messages:
    197
    Location:
    WA
    Very inspiring thread!

    Now that i think of it, it has been a hectic year for us also....

    * settled on PPOR late Dec 13 and spent the summer renoing
    * got engaged
    * changed job
    * planning a Wedding for march
    * taken an opportunity to relocate for said new job
    * so PPOR becomes IP2
    * planning development of IP2 block to kick off end of 2015


    Bring on 2015
     
    red liverbird likes this.
  13. Noir

    Noir Member

    Joined:
    28th Apr, 2014
    Messages:
    2
    Location:
    Sydney
    Purchased 4 Cash-flow positive properties
    Reduced PPOR debt by $125K
    Negotiated a better interest rate with banks
    Overhauled all Super & Insurances
    Completed Estate Planning
    Financing organised for 2015 purchases (4-5 properties)

    On track...
     
  14. charttv

    charttv use sunscreen

    Joined:
    16th Jun, 2006
    Messages:
    779
    Location:
    perth, wa
    finished first build
    became an organiser and mentor of both Startup Weekend Perth events
    helped some Perth startups secure funding and media
    visited two countries I had never been to before - Vietnam and Japan
     
  15. Waldo

    Waldo Rock Analyst

    Joined:
    28th Mar, 2012
    Messages:
    354
    Location:
    SA
    Thought I'd have a crack....

    Bought IP#2 - Buy & Hold. Hopefully some good capital gains in the next few years.
    Bought IP#3 - Did a reno & now cashflow positive
    Bought IP#4 - In the process of doing a reno. Will be a cashflow play
    Bought IP#5 - Planning to demolish & rebuild a house

    Potential for IP#6 to sneak through this year too (although probably early Jan at this stage). This one will require a quick reno too.

    Outside of that - works got me on a new project thats alot more interesting than what I was doing previously. No pay rise yet though....
     
  16. Tonibell

    Tonibell Member

    Joined:
    26th Feb, 2013
    Messages:
    323
    Location:
    Sydney
    Wow - looks like it was a big year for purchases.

    No purchases this year for us - but that may change still.

    First half of the year was spent renovating 3 units in North Brisbane that was purchased at the end of 2013.

    The second half was about recovering and sorting out the loan structure.

    The start of next year will be spent on major renovations to the PPOR.
     
  17. Richard Feynman

    Richard Feynman Mortgage Broker

    Joined:
    17th Jun, 2012
    Messages:
    1,550
    Location:
    Sydney, NSW
    - Had the best year of my life
    - Became a better person (perpetual goal)
    - Doubled my net worth
    - Had a significant, positive impact on a few people
    - Was flown to the US to do a small workshop by a company worth > $10 billion
    - Bought IP2 - $40k under value
    - Had IP1 revalued - up 20% in the 12 months since I purchased it
    - Reeled in my "be able to retire by" age significantly
    - Diversified investment holding into cryptocurrencies
    - Massive, positive evolution of mindset
    - Took more risks
    - Invested heavily in myself and realised the importance of doing so
    - Become intensely goal-oriented
    - Read 40-50 books
    - Made a handful of life-changing connections
    - Started building a business
    - Wrote a short book
    - Featured in media
    - Helped both of my parents get on track financially
    - Watched 100+ sunrises/sunsets
    - Jettisoned detrimental acquaintances
    - Remained fit and healthy as ever
    - Sourced properties for a few folks
    - ..and am now studying to become a BA
     
    Blacky likes this.
  18. oc1

    oc1 Developer

    Joined:
    31st May, 2005
    Messages:
    1,827
    Location:
    .
    Point 3 sounds interesting. Can you elaborate? :)
     
  19. Blacky

    Blacky Member

    Joined:
    30th Apr, 2010
    Messages:
    1,403
    Location:
    WA sometimes
    I love these threads. Its great reading looking at what others have achieved as well as looking back on what has been.
    It is similar vein to this thread

    For me;
    Finished (after 5years) my first development. Kept all 3 which are rented.
    Started a partnership with Westminster to develop a site. Opened 2 other investing entities.
    Travelled to Japan, Indonesia, Australia (x3) and Russia.
    Increased net income by about 30%
    Reduced net debt by 5%. Reduced interest bill by 12% and decreased living costs by about $10k/pa.
    Started a share portfolio
    Got engaged, and Mrs Blacky is due to have Jnr Blacky in January
    Mrs Blacky also purchased an apartment in Moscow. Given how things have panned out we expect to repay the debt on this in March 2015 and purchase another one.

    Blacky
     
    charttv likes this.
  20. charttv

    charttv use sunscreen

    Joined:
    16th Jun, 2006
    Messages:
    779
    Location:
    perth, wa
    financing - made some introductions and pointed some in the right direction which they followed up with.
    media - overlapped with the promotional efforts for Startup Weekend. Several startups conceived at the event have gone onto raise funding and the media ran with these stories.