So, with respect to the question of ‘getting around the issues’ and limiting the impact of a parties (be it a body corporate member/s or an onsite manager/caretaker), the process and complexity differs depending on the state/territory and the nature of the agreement with the onsite manager.

In my region/situation the onsite manager has purchased…[Read more]

Hello all, time for an update.

I ended up purchasing 3 units in the over 55’s complex in total. Each of them cost me $86K, rented for $220 each (all positive geared).

Fast forward to August 2022 and I have commenced selling all 3 units.

The reason for the sale is related to issues with the on site manager/caretaker (he has a lease for the…[Read more]

Hey Julian, saving 30% of your income is an awesome achievement, keep that up and you will have a portfolio that will sustain you in retirement for many years.

Hey Julian, if you are referring to the book “Creating Real Wealth by Michael Kemp” you may be right, I don’t know the author.

My personal story is factual, and as an update 2020/2021 has been an interesting journey.

I manage my share investments based on the theories of Austin Donnelly…[Read more]

Hey Julian, if you are referring to the book “Creating Real Wealth by Michael Kemp” you may be right, I don’t know the author.

My personal story is factual, and as an update 2020/2021 has been an interesting journey.

I manage my share investments based on the theories of Austin Donnelly…[Read more]

Indeed Benny I didn’t start accumulating at $147 a day. From my spreadsheet our progress over time tracked as follows:

$102 per day – first 5 months (July 2001 – Nov 2001) – note: we had a few quick wins, downsizing our car and selling some other items to build up capital
$65.35 per day – 5 years (2001 – 2006) – note: this includes travelling and…[Read more]

Indeed Benny I didn’t start accumulating at $147 a day. From my spreadsheet our progress over time tracked as follows:

$102 per day – first 5 months (July 2001 – Nov 2001) – note: we had a few quick wins, downsizing our car and selling some other items to build up capital
$65.35 per day – 5 years (2001 – 2006) – note: this includes travelling and…[Read more]

Hey guys, for those following this post I have written another post analysing a real estate deal. You can read it here – https://www.propertyinvesting.com/topic/5056137-analysing-the-deal-2/

Hey Ian, that’s an interesting question.

Firstly I have determined weights for my investing portfolio of 50% real estate/50% shares. My cash/bonds component can be as high as 50% depending on what is going on with my life (maybe I just bought a new home I live in, so I want to reduce non-tax deductible debt and sit a bunch of cash in an off-set…[Read more]

Hey Ian, that’s an interesting question.

Firstly I have determined weights for my investing portfolio of 50% real estate/50% shares. My cash/bonds component can be as high as 50% depending on what is going on with my life (maybe I just bought a new home I live in, so I want to reduce non-tax deductible debt and sit a bunch of cash in an off-set…[Read more]

Hey Ian, that’s an interesting question.

Firstly I have determined weights for my investing portfolio of 50% real estate/50% shares. My cash/bonds component can be as high as 50% depending on what is going on with my life (maybe I just bought a new home I live in, so I want to reduce non-tax deductible debt and sit a bunch of cash in an off-set…[Read more]

Hey Ian, that’s an interesting question.

Firstly I have determined weights for my investing portfolio of 50% real estate/50% shares. My cash/bonds component can be as high as 50% depending on what is going on with my life (maybe I just bought a new home I live in, so I want to reduce non-tax deductible debt and sit a bunch of cash in an off-set…[Read more]

Thanks Ian, having now purchased 2 of these units (over 55’s), a 3 bedroom house and a 2 bedroom unit (in a little complex of 12 units) over the past 2 years, I think it is important to diversify one’s real estate portfolio. The over 55’s get a higher rental yield, and these older tenants pay on time and are really the best tenants, they really…[Read more]