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  • Profile photo of himnherhimnher
    Member
    @himnher
    Join Date: 2003
    Post Count: 2
    July 22, 2003 - 3:49 am

    Hello Everyone

    We are not new to investing in properties but are very new to this forum and web site, which is a great source to hear/share ideas, stories and opinions with other people who love property as an avenue to financial freedom.

    We purchased our first property in 97 but have grown capital through buying, restoring and selling our own owner/occupied properties. At each sale we have made reasonable capital gains and now have reasonable capital such that one of have left their profession to just restore houses. The first stage of our financial plan (at it still has about 5 years to go) has been to grow capital from property rather than generate a cashflow.

    After our second renovation we took a year off and spent it travelling Australia and sitting on all those wonderful beaches enjoying the sun, people and nature. I suppose our main aim from property is to leave our professions, maintain a reasonable source of wealth and enjoy life.

    We have been through 4 houses so far (we keep telling ourselves to speed up LOL) and are now involved with purchasing properties on subdividable blocks and carrying out the full development i.e renov the front house and build a house at the rear.

    We were tempted to buy a couple of IP’s earlier this year but backed out of it as the market seems to be quite “overheated” in Perth at the moment and positive geared IP’s are becoming harder to find. So we’ll just keep fixing up lovely old properties.

    Having just found this site, we have been visitors every second day. Reading all these interesting stories and insightful comments seems to invigorate us and push us just that little bit harder.

    Keep it up and thanx.

    Mark and Ali

    Profile photo of himnherhimnher
    Member
    @himnher
    Join Date: 2003
    Post Count: 2
    July 15, 2003 - 2:30 pm

    Hello Everyone

    We are not new to properties as a source of capital growth but are very new to this forum and web site, which is a great source to hear/share ideas, stories and opinions with other like minded people. Just thought we would share our thoughts and experiences on investments through properties.

    We purchased our first property in 97 but have grown capital through buying, restoring and selling our own owner/occupied properties. At each sale we have made reasonable capital gains (anywhere from 15-80k after all costs). We have been through 4 houses so far and are now involved with purchasing existing houses on subdividable blocks and carrying out the full development i.e renov the front house and build a house at the rear.

    We were tempted to buy a couple of IP’s earlier this year but backed out of it as the market seemed to be full of cashed up (probably high debt and maybe ex burnt dotcommers[:D])
    We decided that since we already have a few properties that are enjoying this “unusual” price growth (one of us has keenly followed property values of inner Perth since 87) we would hold any further purchases until we could make sense of the current property market or dedicate more time to finding that ever elusive bargain!!.

    We missed the first gathering of investors last month but would be keen to come along to any others in the future.

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