Who’s doin’ what in 2011?

Hi Dwolfe

Looks like you’re going to be busy this year! I’m keeping life nice and simple this year. Moving into a new PPOR, carrying out a pretty major reno and possibly purchasing another IP – probably in Canberra or in Googong, NSW if they pull their finger out and start developing.

Also looking forward to a trip to the Cook Islands next month

Hey DWolfe,

Good topic!  I'm not a property developer and never intend to be…waaaay out of my league* but I'm a happy buy/hold/sell investor in property and ASX equities.  I would love to renovate those un-loved properties that entice the 'House&Garden' in me but I'm not to be trusted with paint/paper/tiles nor sharp tools!

With the most recent property purchase I learned Broker Agents are there for a very good reason!   

This year I intend to add to my property portfolio but I must confess, the stock market is my favourite place to invest.

*The figures just don't stack up for me, tax-wise…but that is a whole other topic.

Hi D,

Well……list of 12 goals started last year, made two (just……. to date) Hoping 2011 will bring a few more to fruition.
No purchase planned for a while – just pay down a bit of debt, and find a higher paying career!

Working hard to finish my Diploma FS (FP) & my goal of losing weight to continues to be deferred further & further into the future!

And just maybe…….by dear wife will finally let me slip a sports muffler onto the mighty BA GHia V8 so I can hear something besides the subwoofer & the wind through the sunroof !

A new Victory Crossroads motorbike is relegated to pure fantasy for 2011…… 

All the best

Good day folks, great to see people are active in the property scene and also have much of a life outside of property. In case anyone would be interested to read this, here's my short story:

Currently two months into a new job and things are settling down a little after what was a very busy time last year. In 2010 I moved out of my place in Melbourne's outer-east after being there for 7 months, turned it to an IP and now staying with parents (ie. back to square one). This IP was rented to a friend for 6 months before I found other tenants in November. I also successfully completed a year-long correspondence course in veterinary behavioural medicine which has proved invaluable in my career, even if it didn't raise employment prospects all that much.

On 18 December 2010, the weekend before Christmas, I bought myself the best Christmas present ever. sinking further into debt by getting another IP in Geelong. Settlement is due only in March but we're getting a tenant in ahead of time. Both properties have given me some headache and stress since the beginning of time, which just adds to the top of whatever stress there is at work. But as they say, no pain, no gain.

They also stretch my 'decision muscles' and have forced me to grow up, and do so quickly. Considering nobody in my family has ever had investment property in Australia before, a lot of decisions had to be made on a 'try and see' approach. There was really nobody to ask, even if my parents were willing to help as much as possible.

In essence then, being fully committed, 2011 will be a more quiet year, a year spent focused on my tenants (keeping them happy and hopefully keeping them long-term), getting more competent in a new workplace, finding time for photography (once a big hobby that nearly died out with the advent of work and property purchases), spending time with parents, and hopefully finding a like-minded girlfriend to subsequently marry and share my debt with (only joking).

And of course, I'm waiting for that property market crash that so many are talking about. But as you can see, I'm betting big. I'm betting my property portfolio and financial future that there is NO bubble to burst.

Cool topic.

Goals for 2011:

1. Looking for IP number 2 this year.

2. Negotiate a pay increase.

3. Deadlift 220kg, Squat 180kg, Bench 150kg. haha.

My Goals for 2011:

1. Looking and aiming to buy my first IP 

2. Hoping the other half proposes to me (haha)

3. Trip to Thailand or Coburg (N.T)

Bought my first IP…A duplex pair and just +ve cashflow…Just missed a wrap…looking for a development…