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Currently in Sydney property shopping for more real estate to add to the portfolio due to lifting our income goal plus further portfolio diversification. Reset time frame a further 2 years.
Hi Rixter,
Ok, so that means you met your prior income goal and your plan has worked out then. You simply want more income now than you previously anticipated.
Leandro
I know you've mentioned that you use your LOC to service shortfallings in your property holdings, my question is, has this been something you have done from the get go i.e first IP or something you implemented once your asset base got bigger?
Also have you ever used your payg income to service any of the loans or purely LOC?
the usual reply goes along the lines of ..Do you feel happy?
Do you feel happy? Or is there an emptiness in it all? I know three serial, hard-core property investors - Two of the couples are miserable, money obsessed sad cases; one of the couples are sort of happy, but still sort of outcasts in the scheme of everyday life, who live life in a miserly manner even though they're loaded. Basically all three couples have achieved massive wealth through property, but live poorly.
"They say it is better to be poor and happy than rich and miserable, but how about a compromise like moderately rich and just moody?"- Princess Diana
... I used PAYG income to cover any minor losses, but the losses were minimal due to good yields so didnt really affect my lifestyle costs of living.
Does that mean you looked at properties that where leaning towards more of +cf? If so did they tend to have lower CG gains? Or have you always looked for primarily high CG gains?
Currently in Sydney property shopping for more real estate to add to the portfolio due to lifting our income goal plus further portfolio diversification. Reset time frame a further 2 years.
Let us know how the shopping trip goes
Once my team of trainers get her across the line I will post further details