Introducing myself, and my plans for my Value adding portfolio.

Hey all!

I am going to be starting some property investing at the beginning of next year.
I used to live in darwin for 15 year.
then a mixture of darwin and adelaide for 5 years.
and exclusively adelaide for the last 5 years.

So with these two places being my main source of experience and contacts i am in a good position to start investing.

I have $875,000 to use as deposits and have started seriously looking at properties over the last year, and on and off for sometime before then.

In adelaide i have found a large number of properties that can easily be improved, either just with some paint or landscaping, and some others that will need a bit more work… new tiles etc. so this will be my main focus, buying properties with fairly easy value adding via reno. Once i gain some more experience i will branch out into more complex fields.

I have been looking in darwin too, and atm it seems like the market is moving sideways, or slightly down, until plans about offshore deals are confirmed or fall through. But the rents up there are huge! so was thinking about having a couple of rental properties up there purely for rental income. Im looking around the south side of palmerston as it is close to where i used to live and the location of darwins next proposed “city”. so that area should grow over the next few years.

I don’t have any specific questions yet, but i am sure i will soon! But if you have any advice about what i’m doing, or questions! feel free to post them!

I am also thinking of journaling/blogging my property investing adventures for future reference, and will post links once i have started creating them!

I’m looking forward to talking to you all! and hearing about your exploits too!

Cheers!

Luke