Who's doin' what in 2011?

Hi Kids,

Yes, I've been away, busy getting more developing done.

Open question....

Who is doin' what this year? Developing and in what state? Reno's in what area, just working, buying your first house.

Losing weight () or trying to? What's up in your property or other (real) life?

Lets have some fun peeps, the community needs a sense of humor this year!

Here I'll go first...

Building 12 apartments, looking for next deal....and the big one....looking to finally buy a.....PPOR. Yep no more renting this year!

Bring on 2011 :)

D

Red Door Residential Pty Ltd - Property Development and Home Staging Melbourne metro
www.reddoor.net.au

Hi Dwolfe

Looks like you're going to be busy this year! I'm keeping life nice and simple this year. Moving into a new PPOR, carrying out a pretty major reno and possibly purchasing another IP - probably in Canberra or in Googong, NSW if they pull their finger out and start developing.

Also looking forward to a trip to the Cook Islands next month :)

Pass Go Home Loans Pty Ltd - Australia wide Mortgage Broker
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Cheers Jamie,

Hehe nice and simple huh?! Sure, sure.

Sounds like you will be a busy one this year too!

Nice.

D

Red Door Residential Pty Ltd - Property Development and Home Staging Melbourne metro
www.reddoor.net.au

Hey DWolfe,

Good topic!  I'm not a property developer and never intend to be...waaaay out of my league* but I'm a happy buy/hold/sell investor in property and ASX equities.  I would love to renovate those un-loved properties that entice the 'House&Garden' in me but I'm not to be trusted with paint/paper/tiles nor sharp tools!

With the most recent property purchase I learned Broker Agents are there for a very good reason!   

This year I intend to add to my property portfolio but I must confess, the stock market is my favourite place to invest.

*The figures just don't stack up for me, tax-wise...but that is a whole other topic.

Stay tuned....hey DW do you have a site yet? / Where are you looking?

I am opinionated. Take me at face value, read between the lines.

http://www.reao.com.au/forum/entry.php?80-How-bright-is-your-agent

Love to see what you are up to Scott ;) Just have to wait and see...

Yeah got a site, this is the one I've been banging on about for the last 6 mths. It'll be on the market by the end of the month so I'll put a link up so people can have a squiz. It's in with council now, just gotta get some presales and a DA then we can get it built.

Always looking for new sites :)

I thought we were going to have to head up to NSW for work but it hasn't happened yet, so still looking in Melbourne :)

D

Red Door Residential Pty Ltd - Property Development and Home Staging Melbourne metro
www.reddoor.net.au

Hi Arabian,

I have to say I do like a bet on the market. Property is a much stronger pull for me, but I still like to try an make money any way I can. I usually go in for short term trades in and out in under a week and then use the profit to reinvest. I just don't like the little red numbers that mean you lose money ;)

D

Red Door Residential Pty Ltd - Property Development and Home Staging Melbourne metro
www.reddoor.net.au

Hi D,

Well......list of 12 goals started last year, made two (just....... to date) Hoping 2011 will bring a few more to fruition.
No purchase planned for a while - just pay down a bit of debt, and find a higher paying career!

Working hard to finish my Diploma FS (FP) & my goal of losing weight to continues to be deferred further & further into the future!

And just maybe.......by dear wife will finally let me slip a sports muffler onto the mighty BA GHia V8 so I can hear something besides the subwoofer & the wind through the sunroof !

A new Victory Crossroads motorbike is relegated to pure fantasy for 2011......  :-)

All the best

Yep ... TRYING to lose wieght.. lol. bootcamp starts on Monday, ouch thats gotta hurt.

Still got last years project happening, 4 UNIT DEVELOPMENT, everything is flowing nicely, the site works are happening now, project should be completed by june / july. may even have a couple potential buyers :-)
My project manager has been sooo worth it.

And now doing lots of research looking at an area that is going to start going through re-structure. hopefully end up buying there and being involved in the whole thing.

and well gunna need a little project inbetween... maybe just something with a house already on it that i can subdivide and build on.

Bootcamp... ouch ouch ouch lol

GOODLUCK TO EVERYONE THIS YEAR!!!!

Good day folks, great to see people are active in the property scene and also have much of a life outside of property. In case anyone would be interested to read this, here's my short story:

Currently two months into a new job and things are settling down a little after what was a very busy time last year. In 2010 I moved out of my place in Melbourne's outer-east after being there for 7 months, turned it to an IP and now staying with parents (ie. back to square one). This IP was rented to a friend for 6 months before I found other tenants in November. I also successfully completed a year-long correspondence course in veterinary behavioural medicine which has proved invaluable in my career, even if it didn't raise employment prospects all that much.

On 18 December 2010, the weekend before Christmas, I bought myself the best Christmas present ever. sinking further into debt by getting another IP in Geelong. Settlement is due only in March but we're getting a tenant in ahead of time. Both properties have given me some headache and stress since the beginning of time, which just adds to the top of whatever stress there is at work. But as they say, no pain, no gain.

They also stretch my 'decision muscles' and have forced me to grow up, and do so quickly. Considering nobody in my family has ever had investment property in Australia before, a lot of decisions had to be made on a 'try and see' approach. There was really nobody to ask, even if my parents were willing to help as much as possible.

In essence then, being fully committed, 2011 will be a more quiet year, a year spent focused on my tenants (keeping them happy and hopefully keeping them long-term), getting more competent in a new workplace, finding time for photography (once a big hobby that nearly died out with the advent of work and property purchases), spending time with parents, and hopefully finding a like-minded girlfriend to subsequently marry and share my debt with (only joking).

And of course, I'm waiting for that property market crash that so many are talking about. But as you can see, I'm betting big. I'm betting my property portfolio and financial future that there is NO bubble to burst.

Wofle,
Like you have construction commenced  on one site this week , sold one site  last fortnight and looking at buying two more.......
Bit hard to find a good development site in inner city Brisbane at the moment which is either not overpriced or a secondary site.
Anyone know of a good one let me know........lol
Cheers my friend

Cool topic.

Goals for 2011:

1. Looking for IP number 2 this year.

2. Negotiate a pay increase.

3. Deadlift 220kg, Squat 180kg, Bench 150kg. haha.

Performance Training Centre Perth
http://www.ptcperth.com.au

- Buy a PPOR

- Learn as much about property investing as possible by reading lots and lots of books and magazines.

- Figure out how to get to where I want to go from where I am.

- Network with other property investors

Great to see people having a go, inside as well as outside property investing :)

Keep posting, I think it will be great to come back at the end of the year and see how we have gone.

Shopping for PPOR is sooo much harded than buying IP :)

And advertising sign goes up tonight!!! (pls no objections!!) lol.

D

Red Door Residential Pty Ltd - Property Development and Home Staging Melbourne metro
www.reddoor.net.au

In 2011 I am hoping to really start my proper investing career by purchasing my 1st IP in the USA. Hoping to do that by mid year. And at the same time hoping to pay down as much of the debt on my PPOR as I can at the time.

Also I really want to win the grand final in soccer this year after last years disappointing finish.

www.streamlineinvestingaustralia.blogspot.com.au

My Goals for 2011:

1. Looking and aiming to buy my first IP 

2. Hoping the other half proposes to me (haha)

3. Trip to Thailand or Coburg (N.T)

This year I'll be:

- finishing a rear s/s storey unit development
- starting build on a 3 unit res .development in , and be close to finishing by the end of the year. Permits pending any day now. (famous last words)
- hopefully ending a vendor finance deal (client is finally ready!) so I can release cash for the next deal.
- finding the next deal.
- trying to get my personal / family / work balance in better order. Need to get fit, and am aiming for the Run Melbourne half marathon in October.
- taking the family to Hong Kong at Easter
!
Now I've made myself accountable by sharing with you........ Agree with DWolfe, will be great to see how much we've achieved at the end of the year.

Bought my first IP...A duplex pair and just +ve cashflow...Just missed a wrap...looking for a development...

Hi all,

Plan to:
- Get a kayak and catch a decent size jewie (mulloway)
- Get fit
- Buy second IP
- get back into bushwalking
- continue reading this forum ;-)

--
Mark

This is a ripper to read what everyone else is planning and thinking of this year!

Very inspiring .

Imagine if we achieved even half of it!

D

Red Door Residential Pty Ltd - Property Development and Home Staging Melbourne metro
www.reddoor.net.au

Would like another investment property. Probably some time in the next two months.
Want to learn the Banjo. Not easy.
Join a soccer team.
Build a home theatre in the basement.

That should be enough. I might cut the lawn or do dishes sometime in there too.

Patrick Hake
Placer County Homes and Land