Hi All,
Its good to take stock every now and again. Like others here we've done it the hard way with our share of stuff ups along the way, but we seem to have crafted together a decent start now.
Our units we built in Sydney now value over $1M each so we have about $1.2M equity in there now. They're cash flow positive so we've decided to just set and forget. Rents keep going up each renew.
Our new PPOR build in Brisbane seems to have gone really well too. The only debt is $300K against the land purchase, we built it out of cash flow and the proceeds from the sale of our former Sydney PPOR, and it just valued around $1.3M on completion so another $1M in there.
We've found our sweet spot "building in" equity. Although the recent little run in Sydney has certainly helped with our $3M in assets going up nicely with no work on the tools from me! That's a nice change!!
So, what's that, two and a bit in equity. Not big numbers like quite a few others here, but its a start. My wife reckons we've got one more PPOR build in us. I'm not so sure...
Cheers,
Michael
Its good to take stock every now and again. Like others here we've done it the hard way with our share of stuff ups along the way, but we seem to have crafted together a decent start now.
Our units we built in Sydney now value over $1M each so we have about $1.2M equity in there now. They're cash flow positive so we've decided to just set and forget. Rents keep going up each renew.
Our new PPOR build in Brisbane seems to have gone really well too. The only debt is $300K against the land purchase, we built it out of cash flow and the proceeds from the sale of our former Sydney PPOR, and it just valued around $1.3M on completion so another $1M in there.
We've found our sweet spot "building in" equity. Although the recent little run in Sydney has certainly helped with our $3M in assets going up nicely with no work on the tools from me! That's a nice change!!
So, what's that, two and a bit in equity. Not big numbers like quite a few others here, but its a start. My wife reckons we've got one more PPOR build in us. I'm not so sure...
Cheers,
Michael