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Dudes, Listen.
We run our spreadsheet at 6% capital growth.
It seems that this is the average metro rate and gives a great picture of your future
With 9 properties we have been in for the long haul.
Turning 54 this year and now thinking of rolling some into a cash producing portfolio but mght buy a couple more properties also if we can find some that met our criteria (dno’t cost us anything) we no longer have any tax benefit.
We’ve been playing the game since the mid 90’s and have a 3.5 mil portfolio and net worth of about 1.6mil.
Certainly not big players but for humble peasants it’s been a no brainer.
All you gotta do is do it.
You can’t catch a wave sitting on the beach!
Blessings
MARK[Hi
Our Karratha investment property has been tennanted now since October 2006. Rent $1,300.00 per week. Final cost, $621,000.00. Three months later the same house three years older realised a rent of $1,800.00! We tried to pick up another for $1,000,000 which would get around $2,300.00 per week but were beaten to the post. They are hard to grab but around. I am looking today at South Hedland at a two story pretty grotty townhouse asking $260,000. The rent is only $260,000 but with a cheap reno, who knows. However it is on a block with a seperate strata title . . . ready to submit plans and build. Karratha/Hedland is crazy and the astute purchaser will find gold especially if you are prepared to make th trip and hang round for a while. Blessings. MARK
