It's almost June (what have you achieved)

Jp, which suburb did you buy in to get a positive cash flow IP in Melbourne?

My achievement was completing my reno on the Ip. Icing on the cake was on the weekend when next door to my Ip sold for $722K. Same house as mine except it has a pool. Mines a lot more modern.

I’m halfway through doing my first renovation. It’s taking a lot, a lot, longer than expected :-) But that’s ok, it’s all good experience.

I have purchased most of what I need I just need to install most of it. I’ll be putting in a kitchen in a few weeks. That will be the first big thing finished so I’ll post some before and after pics once I’ve done that.

Renovation is a funny thing. During the renovation you find yourself cursing at the world and asking what you have gotten into. Promising yourself never again. Once it’s all done you get withdrawals and start looking for the next one!

Settled on a property which is currently being renovated, another property under contract which is settling in 1 July (another reno project).

Chugging along as usual. :)

Hi Everyone,
Well last week I quit my day job to invest full time!! My partner and I have settled on a few house a couple of weeks ago (we are renovating and subdividing for profit) and have just got the new one that we keep us busy over the next few months!

Kate :)

My business partner from the forum here have now pre-sold 20 of the 24 units in our next joint development and moving straight onto the next sure so very excited,

We have also just closed our 3rd Unit Trust which was so over subscribed it wasn’t funny.

All of this in 5 and a bit months.

Looking at kicking some further goals before I head off to Europe for my annual trip.

Cheers

Yours in Finance

I like threads like this, i find they help keep people motivated.

Myself, well i haven’t got any further on my IP apart from finally paying extra off the IP again. But as of last month we are almost entirely free of “bad” debt. Credit cards officially gone, thats been a pain in my side for a while now, eating up extra funds when work is quiet. Just have the car which is basically on a lease and to start paying extra money into the offset account to save some interest while i search for my next IP and go see our financial adviser about SMSF and further plans of attack.

Richard Taylor wrote:

JP I go every year for the European winter so still got 5 months in Qld before I leave.

You should be heading there for Summer :-) – but then again, you get enough sunshine up your way so probably don’t need the vitamin D as much as us down south.

Cheers

Jamie