Hi James, this is the first time ive replied and i guess that we have had similar feelings over the last 23 yrs we started buying in 1985 for 34,000 and kept house and moved in 1989 bought land for 26,000 built house for 102,000 sold 34,000 first place for 86,000 [kicking ourselves now "the imagine if we still had it, its worth now 250+] though at the time int rates were 15% at that time and we coulnt hold both and then sold new house and land in 1993 for 187,000 purchased land for 60,000 built house for 145,000 bought another house in 1995 for 36,000[ rent 165 ] sold new house and land in1997 for 284,000 and with 40,000 deposit purchased 180,000 10 ac block built a shed that is now our characteristic house for 15,000 its now worth 650,000 and we sold 36,000 home for 84,000 to buy 2 properties both cost 165,000 each to renovate well one we spent 110,000 and the other 40,000 we sold ithe expensive reno in 2006 as it was costing us 9,500pa to hold as market was in decline we sold for 304,000 and made only 20,000 so then i looked for a better deal found house for 195,000 spent 8,000 [155rent]and was asked by people who i met while looking for this property could i buy house for them to rent and this was a commercial lease so knew of property that might siute paid 380,000 and rent 560pw on 3×3 lease now at this point we pay 200 pw to keep 3 ip's [950,000 value] and own our own property so we do have a loan maturing soon and we will do what we have always instinctivly done when needed needless to say we do regret selling but we always keep persisting to buy later when we can and hold as long as possible in our journey to wealth and knowledge
, Our Ip"s FOUNDATIONS…….SOLID, "Its Totally CAPITOL" [ next time I must pay more attention with my punctuation after Midnight] Hmmmm!!!
, Our Ip"s FOUNDATIONS…….SOLID, "Its Totally CAPITOL" [ next time I must pay more attention with my punctuation after Midnight] Hmmmm!!!
