Hi all
slum Lord started a post recently about how many properties people own.
well this one is similiar but who has got the Biggest One.
I’ll start by revealing mine in public my Debt is $1,028,000 as at stands at the moment. This doesn’t include the wifes credit card Debt.[
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westanHi Westan[
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If you have an apreaciating asset or a cash producing asset then should it be termed debt.Your wifes credit card could be classed as debtWestan,
Interesting topic.
Our PI debt when our 2 settle in 13 days will be $700,000.
When you include our farm business loans, you can basically double that figure.[
]Scarey!!
Will & Del
Hi all
westan you get around, I have been reading your post a lot latley
my repayments are 80k per year
this will increase very soon
my income from property is 100k
I need to get onto the bank online to work out the dedt
You story is great about buying 10 properties
in Morwell, must have been devile intervention.
recoverymy debt is zero
yippeeee
i lose!I intend to get into some nice debt soon though and buy some more of those nice income-producing assets
cheers-
MiniOurs is $729,000 but we are trying to pay off as much as we can at the mo.
Mini are your properties rented now ?
Ben.
Hi Benson, thanks for asking, one just got a new tenant (the one where the sharemilkers moved out) – and only a week vacancy, phew,
one isn’t yet, still (*hmmmmmmmm*)
and the third one only just settled last week and my BF is going over to NZ next week to fix it up, paint, etc, hang curtains, (your neck of the woods Muppet – from Thursday he’ll be there) – handymen will do a couple of days work, a bit of plumbing too, carpet, lino, new bench, etc, then it will go up for rent. it’s in a ‘good area’ apparently so I hope it will be easier than house # 2 (which is probably still too high priced for market/area. reminds me – must have a word to agent!)I have some other ideas too if it doesn’t happen soon. BTW I just read today that the area has gone up 25 percent in the last year according to the latest KPI magazine figures….
cheers-
MiniAbout $1.8M, but includes $250K for PPOR though.
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