I get about 40-60k net already....will go to 70-100k once the 2 developments are done.
LVR will still be 40%. I am looking at couple more in Brissie.
You guys have done very well! Congrats!
Do we have your stories in the interviews??
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I get about 40-60k net already....will go to 70-100k once the 2 developments are done.
LVR will still be 40%. I am looking at couple more in Brissie.
6th IP is under offer at the moment bringing portfolio LVR back up to 80%.
4 Sydney units purchased from 2009-2013
2 Brisbane houses purchased in 2014
should I keep going? planning on starting a family soon so don't want to take on too much risk.
PPOR is at 20% LVR and trying to pay it off ASAP
Dumb questions Sash, why 40%? You can get the job faster if say push lvr to 50%?
Are you preparing something for rainy days?
You guys have done very well! Congrats!
Do we have your stories in the interviews??
There ain't no official interview and never will be. But lots of posts. PM me if you need any specific info. I'll do my best for anybody who's giving it a good go. But we didn't do anything special. We just worked it bluuddy hard and kept our focus. It's all in Jan's books. Read them and re-read them. THIS IS the only game in town !!! The lady is an absolute treasure !! LL
Have 4 atm and am negotiating on #5 and #6.
Fully fledged slumlord
I'm guessing FI ... means Fixed Interest ...and IO ..means Interest Only. If not, I'm about to screw up. We tried FI once. TOO INFLEXIBLE. CAN'T CHANGE. CAN'T GROW .... Cost us HEAPS to break the deal. HEAPS. But we actually did it anyway as the deal from the new bank compensated plus plus. Hence forth always variable. Bank knows if you are variable you can jump ship in a flash. Also I once read a book by Mark Bouris (one smart dude !!) and he pointed out all the smarts behind FI deals. The punter ( you & me) rarely wins. Always IO ...yes yes ....even today when we are LOE. Any bank talks P&I rubbish just pick up your papers and leave. Nicely of course. LL
Nah theyre cheap. The first 3 combined worth the same as my ppor
Are you looking at Capital Growth as well as Yield, or predominantly yield plays to progress and any CG is a bonus?
The IP returns 15.5% yield on initial investment.
Still interesting information... shows different mindsets of people.