Congrats mate!

Kudos!

Yep thats why its important to buy well and acquire in the early years as you have the portfolio for 5+ years as time does its thing. The first few years should be active accumulation and the later years consolidation phase where u sell at the higher level to pay down ur keepers.

Thanks for comments.

The deals are certainly still around in Sydney.

Funny enough my initial portfolio was made on that. The burnt n kicked in stuff is just for fun. I wi start recording my boring stuff too soon. I have a couple of plain deals in my blogs etc I do.

Thanks Jamie,Little bit friendlier here

The property is on a main drag hence the road frontage. All it needs is kerb and gutter.In other parts of the area which have been rezoned you can build on 250sqm blocks as there are lots of finger blocks there.It is a specualative play.Also, I can rent the place for storage, or to put up a big banner. if I get $40pw rent thats still 20% return in…[Read more]

Yep $11,000 block of land.Sydneys cheapest piece of land.

Hi Dave,Thanks for your feedback.This project has been approved, however there are many different sections of this area.http://www.gcc.nsw.gov.au/media/Pdf/mpi/mpiguide.pdf

I was going by stats off a website, I live in district and never tried to go Airport. However the 45 minutes is the m7/m5 route.Nath.

Thanks Duckster,I have attached some updated pics and videos.Like the windows?http://www.facebook.com/album.php?aid=200779&id=820929172&l=02496250efhttp://www.youtube.com/watch?v=Y-JVLCniSoII will head out there next week and get more pics/video as finished product.

http://www.facebook.com/photo.php?pid=4912966&l=f1fedf0953&id=820929172http://www.facebook.com/photo.php?pid=4912967&l=c1fd5a3582&id=820929172http://www.facebook.com/photo.php?pid=4912968&l=ac61d34703&id=820929172http://www.facebook.com/photo.php?pid=4912965&l=76e1c99cf9&id=820929172Renovation update!Enjoy

Mt Druitt is a good area which is changing.You can buy units there still in 160k's which rent for 280pw.I just bought 3 properties last week there for investors under 200k renting for 300pw.

Hi,I have got a few units in cairns.The market is depressed and you can get fairly modern 2 bed units for $120k or less rent 180-200pw.Dont buy studios there as they are trouble with high strata etc and generally in motel blocks.Goodluck

I have bought many regional towns.One must do due dilligence to see hat there is  enough infrastructure around incase the mines close.Good to see bunnings, maccas, kfc etc in town.

I think the best question to ask is which one is going to get you to your goal?Follow the numbers, as the numbers dont lie.

House Call wrote:
 Why does everyone want to retire at 40?  What does one do then?  I seem to hear and read it a lot.  Especially from 20-somethings.  I work, I love what I do. I am not trapped, but I not think that heavily gearing into property will accelerate future planning.  Whilst I do not want to work till I am 75 or anything, I can&#…[Read more]

Thanks Blackhotel, The tenants were kicked out. However there are many tenants sending in applications, and will be let straight away now place is fixed and cleaned. I couldnt get out onto balcony, so opened the window and popped my head out for lighting, hence the traffic.It was peak period on a long weekend, not a main road at all however the…[Read more]

Hi Fredo,The other 12 were purchased for other investors, yes via the buyers agency.Just thought id put the clip together as a bit of educational tutorial to show that the deals are out there in todays market.Nath.