What and a total of how many posts added how much value in this whole topic?
All I see is being belittled and slandered.
But, hey thats ok, isn't it?
Uh, yep dipshit, it's just fine.
You write bullshit and expect someone will scoop it up and throw it back in your face.
How about you stop responding to my posts and maybe respond to this who have significant knowledge on the topic of IP's and actually raised legitimate issues with you. Ppl who were willing to guide you and assist with advice. The fact that you haven't done that suggests you are again, FULL OF SHIT, now go away, you bore me 😴
You write bullshit and expect someone will scoop it up and throw it back in your face.
How about you stop responding to my posts and maybe respond to this who have significant knowledge on the topic of IP's and actually raised legitimate issues with you. Ppl who were willing to guide you and assist with advice. The fact that you haven't done that suggests you are again, FULL OF SHIT, now go away, you bore me 😴
I haven't seen anyone genuinely try to "guide" me on this forum. I doubt there would be many true investors on hee, just speculators who hate seeing others succeed.
Also, champ, I'm certain out of the two of us you are clearly the "dipshit".
Believe what you want.
Really, all I want is for the whole topic to be removed from the board.
I haven't seen anyone genuinely try to "guide" me on this forum. I doubt there would be many true investors on hee, just speculators who hate seeing others succeed.
Also, champ, I'm certain out of the two of us you are clearly the "dipshit".
Believe what you want.
Really, all I want is for the whole topic to be removed from the board.
Do not spit the dummy, just supply more data. How long have you been working? What is your leverage position? Why did you see real estate as your choice for investment? Have other you know done the same and what is their situation? What do you see as the risks in your investment strategy?
All up, good on you for doing something to better your life. I think some here are just questioning the how?
Do not spit the dummy, just supply more data. How long have you been working? What is your leverage position? Why did you see real estate as your choice for investment? Have other you know done the same and what is their situation? What do you see as the risks in your investment strategy?
All up, good on you for doing something to better your life. I think some here are just questioning the how?
I don't feel comfortable divulging too many personal details.
I have been working since I was 14 and 9 months! I had $5000 saved before I was 16. Leverage is below 80, but again I'm not going to provide exact details on what is in offsets etc. I like the tangible investment, and learnt a fair bit at Uni about property. No. But I encourage all my mates to get into it. Risks galore. But calculated ones. I.e our first property offers discounted rent, and we had no problem filling it with 8 applicants in one day when the last tenant left. Our second, has had the same tenant for 15 years, whom due to personal reasons doesn't like change and is quite happy to pay in excess of 6%. Our latest acquisition is the most risky, and we will not have 80% LVR with it to begin with. However, worst case scenario is the final product, which is already underway, will be worth around $75k more than total outlay.
I don't feel comfortable divulging too many personal details.
I have been working since I was 14 and 9 months! I had $5000 saved before I was 16. Leverage is below 80, but again I'm not going to provide exact details on what is in offsets etc. I like the tangible investment, and learnt a fair bit at Uni about property. No. But I encourage all my mates to get into it. Risks galore. But calculated ones. I.e our first property offers discounted rent, and we had no problem filling it with 8 applicants in one day when the last tenant left. Our second, has had the same tenant for 15 years, whom due to personal reasons doesn't like change and is quite happy to pay in excess of 6%. Our latest acquisition is the most risky, and we will not have 80% LVR with it to begin with. However, worst case scenario is the final product, which is already underway, will be worth around $75k more than total outlay.
Sure, not really asking too many personal details.
Wow, working from 14, saving and investing. Hats off to you mate. Not many like you I suspect... A tennant for 15 years also means you are a quality landlord. Well done.
I take it your IP's are in Tassie, our most ageing state, so I personally would not be too confident in continual capital growth. The demographic risks there are high.
How would you fare if prices dropped by 30%? Could you hold and endure until prices regain, if they do? How would you fare at 7% interest rates?
Sure, not really asking too many personal details.
Wow, working from 14, saving and investing. Hats off to you mate. Not many like you I suspect... A tennant for 15 years also means you are a quality landlord. Well done.
I take it your IP's are in Tassie, our most ageing state, so I personally would not be too confident in continual capital growth. The demographic risks there are high.
How would you fare if prices dropped by 30%? Could you hold and endure until prices regain, if they do? How would you fare at 7% interest rates?
So your last IP, you are building?
Yep.
Yes, but we haven't held the property for 15 years! We purchased it already tenanted.
Yes of course. we are next to nothing out of pocket when it comes to repayments currently.
I have just fixed two of our loans at 4.99% for 5 years, so interest rates don't really worry me, short term. In 5 years I would be disappointed if my salary hadn't more than doubled also.
Tassie isn't as bad as most think. Properties are within 15 mins to Hobart CBD.
I plan on never having to sell a property in my life, although this may change.
Yes we are building two units on the block mentioned in the OP.
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