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  • Profile photo of Benni BrialsBenni Brials
    Participant
    @benni-brials
    Join Date: 2011
    Post Count: 5
    June 10, 2011 - 4:27 am

    Ok,

    So I will start with the first of the questions and work down.

    1) If you need info let me know what you need, would be happy to supply it.

    2)The reason I have such a low deposit is because my parents left town when I was 19-20 and I was living in a town that had HUGE rent, 1000+ a week with an income of less that 800 pw and to be able to stay in town to put myself in the position I am in now, 120k+ salary I had to get into some debt just to pay the food bill. I have never had a loan or credit card and never wanted on, hence it only took me a year to get out of debt after my apprenticeship and now I can start to look at investing.

    3)  Thanks for all the help guys this is amazing to help me work out my investment strategy.

    4) Shape, Ive got till 2018 till the partner wants to move back, what would you do?

    Benni Brials

    Profile photo of Benni BrialsBenni Brials
    Participant
    @benni-brials
    Join Date: 2011
    Post Count: 5
    June 9, 2011 - 5:49 am

    I understand what you are saying,

    I am currently in the process of buying land and building in a town in WA, once built, the house will have made just over 150k in Capital Gains in leaa than a year. that will be my deposit for my CF+ house and that will be how i will start.
     
    I realise i didnt explain it as well as i should have

    Profile photo of Benni BrialsBenni Brials
    Participant
    @benni-brials
    Join Date: 2011
    Post Count: 5
    June 9, 2011 - 4:29 am

    Thanks Paul and Mik,

    I doubt I will Vendor finance, This being because it will never be my PPOR, I will see if I can get some coin lent from the folks to start me off.  I was thinking about going:

    In my first year: 1 Cashflow positive and 1 negative (they even each other out)
    Second: 2 Cashflow positive and 1 negative (Start getting some extra coin)
    Third: 3 Cashflow Positive and 2 Negative (Long Term View to wealth creation)
    Fourth: 4 Cashflow Positive and 3 Negative (Start Building a Portfolio)
    Fifth: 5 Cashflow Positive and  5 Negative. (Even and Developing from there)

    So in total after 5 Years I would have- 15 Cashflow Positive and 12 Cashflow Negative Properties.

    The reason I would get more Cashflow Positivie Properties is that if I could display to the banks that I have constant growth and am not losing any money would i be able to still borrow to invest?

    Brials

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