Tom started the topic My secret for pandemic proof rental incomes in the forum General Property 1 month, 1 week ago
I have five rental properties, all of which were positive geared at time of purchase.
Buying positive geared properties leads to a certain type of property:
– High yield
– Below median purchase prices
This property type attracts tenants who are on some form of government support. All of my tenants are on some mix of:
– Aged pension
– New…[Read more]
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Tom started the topic My secret for pandemic proof rental incomes in the forum General Property 1 month, 1 week ago
I have five rental properties, all of which were positive geared at time of purchase.
Buying positive geared properties leads to a certain type of property:
– High yield
– Below median purchase prices
This property type attracts tenants who are on some form of government support. All of my tenants are on some mix of:
– Aged pension
– New…[Read more]
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Tom replied to the topic Turning $147 a day into $1,000,000 in the forum Forum Frolic 9 months, 3 weeks ago
Indeed Benny I didn’t start accumulating at $147 a day. From my spreadsheet our progress over time tracked as follows:
$102 per day – first 5 months (July 2001 – Nov 2001) – note: we had a few quick wins, downsizing our car and selling some other items to build up capital
$65.35 per day – 5 years (2001 – 2006) – note: this includes travelling and…[Read more] -
Tom replied to the topic Turning $147 a day into $1,000,000 in the forum Forum Frolic 9 months, 3 weeks ago
Indeed Benny I didn’t start accumulating at $147 a day. From my spreadsheet our progress over time tracked as follows:
$102 per day – first 5 months (July 2001 – Nov 2001) – note: we had a few quick wins, downsizing our car and selling some other items to build up capital
$65.35 per day – 5 years (2001 – 2006) – note: this includes travelling and…[Read more] -
Tom started the topic Turning $147 a day into $1,000,000 in the forum Forum Frolic 9 months, 4 weeks ago
I am reading Creating Real Wealth by Michael Kemp and there was a little section on compound interest with an example of saving $5 a day over 30 years @ 8% ROI = $200,000. It got me thinking, how much have my wife and I saved per day on our journey to $1,000,000 net worth.
As luck would have it we have maintained a balance sheet every three…[Read more]
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Tom replied to the topic Where to start? in the forum General Property 12 months ago
Hey guys, for those following this post I have written another post analysing a real estate deal. You can read it here – https://www.propertyinvesting.com/topic/5056137-analysing-the-deal-2/
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Tom started the topic Analysing the deal #2 in the forum General Property 12 months ago
Analysing the deal – number two.
In this overview I will talk through a property I did purchase. For future readers this overview was written in September 2019.
You can read an analysis of a property I didn’t purchase here https://www.propertyinvesting.com/topic/5054913-analysing-the-deal/
The house is a 3 bedroom house, 1970’s build. In the e…[Read more]
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Tom started the topic Analysing the deal #2 in the forum General Property 12 months ago
Analysing the deal – number two.
In this overview I will talk through a property I did purchase. For future readers this overview was written in September 2019.
You can read an analysis of a property I didn’t purchase here https://www.propertyinvesting.com/topic/5054913-analysing-the-deal/
The house is a 3 bedroom house, 1970’s build. In the e…[Read more]
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Tom started the topic Analysing the deal #2 in the forum General Property 12 months ago
Analysing the deal – number two.
In this overview I will talk through a property I did purchase. For future readers this overview was written in September 2019.
You can read an analysis of a property I didn’t purchase here https://www.propertyinvesting.com/topic/5054913-analysing-the-deal/
The house is a 3 bedroom house, 1970’s build. In the e…[Read more]
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Tom replied to the topic Analysing the deal in the forum General Property 12 months ago
Hey Ian, that’s an interesting question.
Firstly I have determined weights for my investing portfolio of 50% real estate/50% shares. My cash/bonds component can be as high as 50% depending on what is going on with my life (maybe I just bought a new home I live in, so I want to reduce non-tax deductible debt and sit a bunch of cash in an off-set…[Read more]
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Tom replied to the topic Analysing the deal in the forum General Property 12 months ago
Hey Ian, that’s an interesting question.
Firstly I have determined weights for my investing portfolio of 50% real estate/50% shares. My cash/bonds component can be as high as 50% depending on what is going on with my life (maybe I just bought a new home I live in, so I want to reduce non-tax deductible debt and sit a bunch of cash in an off-set…[Read more]
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Tom replied to the topic Analysing the deal in the forum General Property 12 months ago
Hey Ian, that’s an interesting question.
Firstly I have determined weights for my investing portfolio of 50% real estate/50% shares. My cash/bonds component can be as high as 50% depending on what is going on with my life (maybe I just bought a new home I live in, so I want to reduce non-tax deductible debt and sit a bunch of cash in an off-set…[Read more]
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Tom replied to the topic Analysing the deal in the forum General Property 12 months ago
Hey Ian, that’s an interesting question.
Firstly I have determined weights for my investing portfolio of 50% real estate/50% shares. My cash/bonds component can be as high as 50% depending on what is going on with my life (maybe I just bought a new home I live in, so I want to reduce non-tax deductible debt and sit a bunch of cash in an off-set…[Read more]
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Tom replied to the topic Over 55's Complex – Deal or no deal in the forum General Property 1 year ago
Thanks Ian, having now purchased 2 of these units (over 55’s), a 3 bedroom house and a 2 bedroom unit (in a little complex of 12 units) over the past 2 years, I think it is important to diversify one’s real estate portfolio. The over 55’s get a higher rental yield, and these older tenants pay on time and are really the best tenants, they really…[Read more]
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Tom replied to the topic Investment Detective Replacement Software in the forum General Property 1 year, 1 month ago
I just use an excel spreadsheet. The investment detective software no doubt has a bunch of lines that you fill in (itemising costs etc). If you just list these lines into a spreadsheet you should be able to provide your accountant with the same information you already provide them.
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Tom replied to the topic Where to start? in the forum General Property 1 year, 2 months ago
I have outlined my process of analysing an deal in the following discussion https://www.propertyinvesting.com/topic/5054913-analysing-the-deal/
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Tom started the topic Analysing the deal in the forum General Property 1 year, 2 months ago
How to analyse a deal is, well, a big deal!
No doubt there are as many methodologies as there as investors. I will outline the process I undertake on a property that is on the market now (July 2019). (Listed at https://www.realestate.com.au/property-house-qld-dinmore-131286374)
This house is a solid brick, 3 bedroom, 1 bath, 1 carport on 550sqm…[Read more]
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Tom replied to the topic How technology is impacting property investment in the forum Creative Investing 1 year, 2 months ago
I thought the rental sector has been one of the biggest radical disrupted sectors, what with Air B&B and the like.
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Tom replied to the topic Thankyou Steve Mcknight ! in the forum General Property 1 year, 2 months ago
Hey Darryl, how has your portfolio weathered the last 12 months of price deflation? Have you experienced any negative equity?
Have you had some free cash to purchase properties in the past few months?
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Tom replied to the topic Where to start? in the forum General Property 1 year, 2 months ago
Hey Rich, out of interest which part of Melbourne are you considering purchasing in? Which part of town would you consider living in yourself? Would you like a townhouse, unit, duplex, detached 3 bedroom house?
I will take a real example from your area and apply the analysis I complete when considering an investment, so if you have one you like…[Read more]
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