Woke up this morning - decided to have a look at some recent auction sales prices in my area. Did a quick back of the envelope calc on my position. Haven't done this for some time as I am a very lazy investor (buy and forget strategy). Given the rise in values in my area, and determination to pay more than minimal amounts on my mortgages, I quickly found my nett equity position exceeded the $1M mark.
This is not, on its own all that remarkable, since by reading posts on this forum, it is clear I am not alone. However, it occured to me how simple this has been for me compared to some of the other strategies I read about.
This has been achieved without wraps, flips and kicks...No major reno's, developments, subdivisions.... no fancy spreadsheets, software or buyer's agents.....no searching in country towns for +ve cash flow, .....Oh, and I haven't spent a cent on any seminars. I have a stunning grand total of 4 IP's that are managed by 2 PM's.
Does anyone have a similar tale to tell. How easy have some of you done it. Has anyone reached massive wealth using a simple strategy with just a few high CG potential IP's.
Cheers
This is not, on its own all that remarkable, since by reading posts on this forum, it is clear I am not alone. However, it occured to me how simple this has been for me compared to some of the other strategies I read about.
This has been achieved without wraps, flips and kicks...No major reno's, developments, subdivisions.... no fancy spreadsheets, software or buyer's agents.....no searching in country towns for +ve cash flow, .....Oh, and I haven't spent a cent on any seminars. I have a stunning grand total of 4 IP's that are managed by 2 PM's.
Does anyone have a similar tale to tell. How easy have some of you done it. Has anyone reached massive wealth using a simple strategy with just a few high CG potential IP's.
Cheers