What's your annual rental income/investment income minus all expenses?

Discussion in 'Property Investment - Other' started by Alex P Keaton, 14th Feb, 2010.

  1. Alex P Keaton

    Alex P Keaton Member

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    How do you put in the poll. it wont let me

    Following on from the thread Poll: What's your annual household income from your day job only?

    What's your annual rental income/investment income minus all expenses?

    1. How many properties do you have and how much Rental Income are you making pa minus your business expenses?

    2. In what time frame have you achieved it?

    3. Whats in store for you in the future?


    Love to hear some stories..... :)
     
    Last edited: 14th Feb, 2010
  2. wobbycarly

    wobbycarly Carpe domus

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    OK, I'll start... and it should only go up from here...
    4 IPs, with planning underway for #5

    IP 1: +$8,000pa
    IP 2: +$3,000pa
    IP 3: -$6,000pa
    IP 4: -$8,000pa
    Total: Approx -$3,000pa
    (before tax)

    Depends when the start date is... but about 8 years.

    Now that we've learnt a bit more about what TO do, and what NOT to do, we expect to buy "better" properties that will accelerate gains in the future.
     
  3. jaycee

    jaycee Member

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    atm, PPOR nearly $0 and 2 IPs, 1 bought 5 yrs ago and 1 bought 3-4 mths ago

    net rent after property expenses (not inlc ppor expenses): - $12k pa
    10 yrs since I got my ppor (it was much cheapr then).

    Plan, find out what of th emany possibilities whch could give me more than Ihave now, retiring off it ? sure why not

    stumble across a LOE spreadsheet on the site and running some numbers, these seem plausible possibilities not requiring too much fancy investing, but maybe a little more than straight borrowing (and guts I guess) - is this all there really is to it ? To be honest, sounds a little daunting that it could actually work !?

    ......................................................LOE p.a.
    Do nothing and wait 5 yrs $22,000.00
    Buy 1 more IP now & wait 5 yrs $32,000.00
    Buy 2 more IPs now & wait 5 yrs $43,000.00
    Do nothing and wait 10 yrs $43,000.00
    Buy 1 more IP now & wait 10yrs $62,000.00
    Buy 2 more IPs now & wait 10yrs $70,000.00

    Buy 1 commercial Ip @ $1m each and wait 5 yrs $70,000.00
    Buy 2 more IPs @ $400k & CIP @ $1M now & wait 5yrs $80,000.00
    Buy 2 commercial Ips @ $1m each and wait 5 yrs $118,000.00
    Buy 2 more IPs @ $400k & CIP @ $1M now & wait 10yrs $129,000.00
    Buy 1 commercial Ip @ $1m each and wait 5 yrs $129,000.00
    Buy 2 commercial Ips @ $1m each and wait 10 yrs $215,000.00

    Buy 1 more IP now & wait 5 yrs, buy a CIP & wait another 5 yrs $99,000.00

    Buy 2 more IPs now & wait 5 yrs, buy a CIP & wait another 5 yrs $106,000.00

    The s/sheet assumes 3.8% rent / 5% growth for Resi and 5% rent / 7% growth for Commercial


    now what am I actually gonna DO about this ?.....
     
  4. RumpledElf

    RumpledElf all fun in the big city!

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    1. 1 property. $3000 positive, although that is on P&I not IO figures.
    2. We bought the second house in June 2008 but it took until November 2009 to actually get one of them rented. I wanted to sell it, but no takers.
    3. Next year we have our second IP, which will be $6000 positive from day 1.
    Next year we will also have a new PPoR which will be $6000 negative. Can't win em all ...

    Add business passive income to that and we'll be almost breakeven for living off passive income by whenever this house is built.
     
  5. The Y-man

    The Y-man Member

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    4 IP + 1 PPOR

    $0 (cf neutral, PPOR paid off)

    10 years (+/- 1)



    As much as it may surprise people, going for a bit of a "wind down" - planning to pay off all IP in the next 3 years. Should then go to $24k pa +ve, which is enough for us to live on (ie. financial independence thingy)

    Then we'll get onto growing that income from there.

    Cheers,

    The Y-man