I am a bit slower than most in this fiels, I have been recieving the news letters indirectly for 12 months before registared and it has take 3 months to be brave enough to access the board. This is a first go at logining in or submitting, so I hope it works.
I am not sure what a PPOR is but can guess it’s your private residence. Inclusive of my PPOR I have 4 two in Vic 2 in QLD, struggling to find equity to continue.
Hi Slow Boy,
Welcome to the forum [
], it must have taken some courage to finally write a post [^]
The hardest part is over, now you can get in here and ask away……A PPOR is Principle Place of Residence, if I remember correctly.
That’s great to hear that you have 4 IP’s. Have you had your 4 IP’s valued? You might be pleasantly surprised, they could have equity that you didn’t know you had [
]Welcome again and I hope to see you around asking lots of questions..
Have a great day!! [
]Becky
Invest in People for a Prosperous Future!
Hello All
we own most of our PPOR and (seems like ages ago) signed up for a -gear prop [!] if i knew then what i know now. anyway now we want to get into wraps & are talking with a few potentials (people who recently moved to Aus) I like the idea of win/win with wraps. So trying to get on our way. Slum lord – WOW! you are obviously a go getter. lucky you. [][] A very slow 1 IP at the moment. trying for more.Slum Lord – you are a legend!
My partner & I bought our first property, a little terrace house in Clayfield, Brisbane, last June at the reported ‘top’ of the cycle and now with about $80K equity growth for $20K reno’s are mad keen to refinance and start investing – heading out to check stuff out to buy in west Brisbane this afternoon. We are determined to be our own masters so after throwing in the wage slave engineering job I’ve taken up mortgage brokering to master the financing side of the game too and I agree with everyone it is very tricky, especially with brand new trusts and co’s in place, but not impossible! Thanks for putting your story out there and inspiring us to get moving – looking forward to saying we have accumulated 17 properties in 9 months too ….. !!
Happy investing everyone!
MelHi everyone
PPOR only.
Zero IP’s for me at the moment. Watch this space!!!!!
Take care
Dave [][]Hi guys,
My wife and I have 4 IP’s along with our PPOR.
Acquired first in 94 and have added the others in the last 2 years. 2 are pos 2 neg and in all in the perth metro area. Total value $1.65 mil and loan of 729k.
All are buy and holds in places i think will achieve good capital growth, 4 along the beach 1 in the cbd. Pos cashflow for 2 was achieved by time in one instance and by very fortunate low purchase price in the other.
Keep up the good work everyone, I love reading about all the different strategies people use to get ahead.
Hi Guys
1 ppor – 3IP’s
Sparkle[
]Well, I have 0.
I would like to aim for 100 in five years, but starting is a scary thought.
What do you do to get started, ie I don’t have property equity and at the moment have about $1000 in the bank and hope to be saving $300 per fortnight. At this rate, saving a deposit will take ages.
Any thoughts?
NicoleNicole, you not alone there. We in UK to raise revenue…. Paid off $17000 worth of debt and have just started saving for a $25000 goal. It will be slow going but stick it out, you will be amazed at what you can save.
For everyone else on the forum, we are at 0 as well but plan to have 1 ppor, and 2 IP by the end of next year with one of those totally paid off and in our ownership. We plan on renovating houses and turning them over then using that extra cash to buy one or two others to do. Eventually doing that should give us enought to pay off one house per year.
We think it is the right way for us to go as the houses will be our super for our future. If anyone has any tips they will be more than welcome.
Cheers.
Cremin.[:0)]Here for a good time not a long time, just do it!.
We have 1 PPOR and 1 IP.
Started with PPOR 3yrs ago. Lucky for us it has doubled in price. We built the IP. Never again. Paying interest for 6 months while waiting on it to be completed. Fortunatly it was rented straight away and has never been vacant. This property has been finished for a year and has gone up in value of $50000 so it makes up for it and is now just paying for itself.
We plan to buy one in a regional area asap that is positive geared and in the next 6 months renting our PPOR which will also be positive geared. Our new PPOR will be owned in our company name so we can rent it from the company and claim all expenses on it.
Next year look out, we plan to a least double this and mind you, my husband and I (both only 27)only work part time as we are both at Uni.
Anything is possible if you set you mind to it.[
]Only 1 at the moment, but have 2 lined up just waiting on finance!!!!!!!!!!!!!!!!!!!!!.
how do u get the time to do all the work and investgation need, you have a broad portfolio. you must work very hardGazza
Hi every1.
We have 1 PPOR and 1 negatively geared property… Unfortunately, tax minimisation was our main purpose hence the -ve gearing… It was only when I accidentally surfed into this website that I found out about the other options/strategies… Now concentrating on finding +ve cashflow properties… And learning more and more – via this site, Steve’s new book and tape, Anita Bell’s book and Jan Somers’ book…
Good luck to all..
Cheers,
NoviceMHi Guys,
I was going to respond to Novices booklist with some others s/he might like to read, but then i thought I wouldnt be selfish and share the titles with everyone!
They are:
“are you dumb enough to be rich” g william barnett II http://www.areyoudumbenoughtoberich.com
and
“real estate riches” dolf de roos (one of the “rich dad/poor dad” advisor series) http://www.dolfderoos.comI knoow you can order the “are u dumb enough” book thru Borders bookstores in oz and the other i think u need to order thru the website, but both very good for non-traditional property.
For the record i have 0 ppor and 0 ip, but hoping to buy an ip in melbourne by end of year with my partner
We are also looking for cash investors atm as well, if anyone knows any! (We are offering capital guarantee and an interst rate to investors) – maybe this a silly question, as im sure everyone on here is too
cheers
KHi all
I have just come across this site today and thought I would join in and say hello.
I have been taking my time over about 10 years. Have 3 to date. My biggest problem is getting finance approved. I don’t know how you all manage so many as I keep getting my finance knocked back, even with positively geared properties and a job. From all I have read, I think I will need to sit down and work out a totally different strategy for getting finance. It is obviously possible.
Its great to actually be able to talk to like minded people. My financers keep telling me to buy in the city, not in the country. It is only recently that I even knew others followed the same strategy.
Keep talking. A site like this is great motivation.
CHey all.
Not usually one to let numbers seem important and I am still not but thought it would be encouraging to see that you can grow property as Slumy has shown.Bought my first property last May/June (2002) and we Own/under Contract 19 properties to date. Last year we also reno’d and sold five properties (on top of the 19).
Hope this encourages you.
Enjoy
AD [:0)]
(Andrew)“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.”
Hi guys,
Got my PPOR in June 02. Purchased my first IP (-ve geared) in December 02 (thanks to the equity in my PPOR and the sky-rocketing Sydney market). My IP has increased 20% since last December, and my wife and I (21 and 23 respectively) are looking in to moving on to a few +ve geared properties in the coming months, and moving in to the equities market as well….
My aim is to be financially independent by the time I am 30 so I still need to do ALOT of work…
Thanks for all the motivations guys….everyone has something interesting to contribute here which is fantastic
I’ve only really invested heavily in the past 3 years, prior to that I was heavily into shares.
I have 12 properties, which are a mixed of commercial and residential properties. The residential properties are mainly waterfronts. Although they are quite expensive, I have managed to get high enough rents to maintain them at cashflow +ve states.
They are all withing 15 km of Sydney CBD.
HI
We have one that is a buy and hold, currently rented. It was our first and costs us $50 per week. Learnt a lot along the way and hope to do it better next time round. When people say regional, how small/rural can you go? In looking for positively geared deals my regional town is proving pretty difficult but if I go to little places 10-15 km out of town this is achievable. I’m pretty confident they will still rent there. Any thoughts on this? JG[
]
With the tittle of Steve’s new book “0-130 properties in 3.5 years” I thought it would be interesting to ask how many properties people have? Where are you at with your portfolio?Mine:
17 total
9 – sub 100k in regional centres/areas (prices paid) (7 cheap houses, 1 duplex pair [2])
8 – 150k-200k outer metro suburbs (prices paid) (all new houses built or building)
All rentals no wraps
Neutrally geared portfolio
500k in new equity (deposit money not included)
Started property investing 9 months ago.Would like to be 100+ properties and financially independent within 5 years and will probably buy overseas as part of the portfolio. Plans include continuing to buy strong cash flow properties and building, renovating, developing to create cash to pay down debt.
So let us know how you are going! 100 properties, no properties! What’s your story?
Slumy
Hi there
I have 2 investment properties started about 9 years ago with the first and 2 years ago with the second. I have also juggled a share portfolio and actively participate in this sector.
For those who are studying or saving madly for deposits ect. try buying property stocks on the share market. Im sure your broker with be more than happy to give you advice.
[:X]
], it must have taken some courage to finally write a post [^]
]
]
!] if i knew then what i know now. anyway now we want to get into wraps & are talking with a few potentials (people who recently moved to Aus) I like the idea of win/win with wraps. So trying to get on our way. Slum lord – WOW! you are obviously a go getter. lucky you. [
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