Just wondering on the forum out of all the people who post actually have
A) Between 1-5 properties
Between 5-10 properties
C More then 10 propertiesJust for interest no real reason
cheers
Hello Bacon,
B
But you neglected to expose yourself?
Regards
ThickkneesHey,
Sorry
I have 1 property. Am living most of the year in the USA currently. About 8 months a year.
Looking at getting more into property when I get back.I also do shares.
Your turn
Thikknees!C but it not about the numbers.
Richard Taylor | Australia's leading private lender
Qlds007 wrote:C but it not about the numbers.What's it about then?
1 property. Ask me again in a year.
One of the positives about this forum is the huge cross section of both experience, investor types and strategies, and ability to both read and ask.
Enjoy!PS I never could quite grasp this alphabet business.
A or B depending how they are counted (1 is set of 4 units).
Yeah very true, Good to see young and old investing.
And everyone can help each other out and give each other ideas and helpful information!Yeah very true, Good to see young and old investing.
And everyone can help each other out and give each other ideas and helpful information!Qlds007 wrote:C but it not about the numbers.Richard is right. The numbers are merely the means of keeping score. It's who you become whilst playing the game, and what you can do to enrich your own and others lives on the journey.
For the record I am in B or C depending on criteria of measuring/quantifying "property". It could mean titles or doors/leases.
Six IP's and some land..controlling/managing over a million dollars worth of real estate. Buying as well as can be, a little add on value, (with some of them), spit and polish, refurbishments and rent them out. Also built a couple.
It has been an incredible journey, far from over yet, and having heaps of fun and meeting great characters.
All the IP's are in regional cities and towns, mainly because opportunity, the deal and my knowledge, (of these places), is the drawcard.
I never dreamt how much of the world, opportunity and people would open up and be so helpful, just the biggest learning curve of my life.
ummester wrote:Qlds007 wrote:C but it not about the numbers.What's it about then?
It's about nett worth and cashflow.
We're B
with property prices falling, I find it odd that people think its better to have a large exposure!
I just sold both of my properties and Im currently 100% cash.
so I guess Im: D, none
does that mean my opinion is not worth as much as someone who may lose a few million over the next few years because they own a lot of property? hmmm
Well Crashy,
Please don't feel that your opinion is worth any less than anyone elses. But the lose a few million over a few years is off topic for this topic. I believe there is a correct place for the "end of the world is nigh" comments is available under recent topics.As to the it's not about the numbers discussion, I think there is merit in how you travel point of view. Some people are very switched on, creating advantage in many ways, for example, they can operate in the areas they invest in, some of us can prepare for our retirement with a less hands on approach.
Thickknees
We're B and about to cross into C.
For me it is all numbers — just not number of properties, but indeed as marc said it's the combintaion of cashflow and networth which in due time will give us the financial freedom we are looking for.
I think the question "how many have you got" has some merit in that there is a common phenomena in just about every part of life that some who know it all and know it best have in fact have no skin in the game (i.e. they have never been and will never be property investors but do know everything on PI… and can't wait to tell everybody else what to do or not do …)
But we have to make sure we also take into account people like crashy who've decided to cash in for now and must obviously have given that a lot of careful thought.
Any chance of getting an online survey setup on the site so we could explore how long members have been in property, how much of their wealth is tied up in property, what their attitude to risk is etc. Would probably make fascinating reading
only A – (been investing for 4 yrs)
but all on sydney and brisbane inner city property – so net worth in the millions obviously.
EH
Great to see the responses coming in. I am looking to Invest in Perth. However the prices are so over-priced still and will need to come down. I think in the next 12 odd months will be a time when there could be a few bargains floating around.
Cheers
Hi Bacon A soon to be B..
My fiance and I started buying property end of 06 and now have 5 IP all townhouse and apartments 2 in Hobart(Claremont and Rokeby) 2 in Sydney (Belmore and Darlinghurst) 1 in Brisbane (Kingston) we control 1.2m in property and have a LVR of 75% and have been going for 3yr fixed Interest rates for all of them
We are looking for our 6th IP in Adelaide as we believe Adelaide is still undervalued compared to other capital cities, if your looking for a cheap entry price to enter the market I would definitely check out Adelaide/ Hobart and outer suburbs of Brisbane.for me its competitive I want to see how many I can buy and hold.. good luck feel the rush
The mindset that to have lots of debt is bad, is the mindset of a saver.
Nothing wrong with being a saver, but it's been proved that saving money will not make you money over time after you include the erosion of capital through inflation and tax on interest earned. It's a very slow way to get rich, and not that safe or tax effective when analysed.
There is nothing wrong with lots of investment debt, provided you have a low LVR, and a high cashflow relevant to debt. It's all just zeros on the end.
Between 5-10 properties
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