We've done it!
- Thread starter Rixter
- Start date
Living the dream mate. Fully exited rat race start this FY
Hey Rick
Congratulations on being unchained from a desk. Wondering if you would share the following:
1. what is the LVR of your portfolio when you pulled the plug?
2. was the net rental income from your portfolio you're getting positive and enough to live off?
3. do you also have any high yielding shares as an income source?
cheers
1. 50 before reval & top ups.
2. Not enough for our desired lifestyle. Its all about maximising by preserving portfolio cash flows. Rental income is for offsetting the prevailing interest rate on LOC used for funding lifestyle. ie 6% interest on $100k lifestyle is 94% less than 100% of rent on $100k lifestyle.
3. No..shares dont fit my personal risk profile.
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It may have already been asked in the last 13 pages, but how many properties and what's the most expensive one you've bought.
All the best to you
I notice you relocated to Victoria? I was curious whether this part of the plan/strategy to reduce risk and maximise equity. Cheaper housing/living expenses etc. If you don't mind sharing, if this is the case, I think good strategy if improving lifestyle and giving you other options.
MTR
I notice you relocated to Victoria? I was curious whether this part of the plan/strategy to reduce risk and maximise equity. Cheaper housing/living expenses etc. If you don't mind sharing, if this is the case, I think good strategy if improving lifestyle and giving you other options.
MTR
10. Most expensive was $350k four years ago in Sydney.
All the best to you
I notice you relocated to Victoria? I was curious whether this part of the plan/strategy to reduce risk and maximise equity. Cheaper housing/living expenses etc. If you don't mind sharing, if this is the case, I think good strategy if improving lifestyle and giving you other options.
MTR
We moved for family lifestyle reasons and local investment opportunity coming 2nd. Yes cost of living is cheaper here in comparison to West but it wasnt the deciding factor.
Living the dream mate. Fully exited rat race start this FY
Congrats Rixter!!! Well done.
What's next? Will you go for business, setup property education, or commercial perhaps?
Living the dream mate. Fully exited rat race start this FY
Congratulations Rixter and all the best with new ventures!
Cheers,
Oracle.
Ive been cosmetically renovating (painting walls/ceilings/doors, replacing floor coverings & window treatments) IP's along the way...with the view to doing this once every 10 years or so.
Each time renovated it has increased rental income & valuation nicely.
Congratulations, another inspiring real life success. Thanks for keeping us up to date
