I am a fulltime mum and at the moment my husband is in the Middle East (he has been for the last three months but comes back next week. Woohoo!) so I am working about 22.5 hours per day.
I probably spend about 3 hours per day investing, that is, looking for properties and doing the paperwork for the ones I have, as well as a bit of sharetrading on the side.
My husband will quit work at the end of next year and we will both invest full time, when I expect that we will still be putting in fulltime equivalent hours, me in finding new investments and doing all the paperwork and him renovating the properties we own.
My question: If you had enough equity that you could stick it in a managed fund and live comfortably off the returns, would you sell up or would you keep investing?
Cheers
K
I dont know about others,but I’d sure as hell take the money & relax! I’m not bustin’ a gut now for no reason! My ultimate goal is to retire as soon as possible (well,from the slavery of the traditional work force). I kinda like the idea of waving goodbye to everyone else as they head off into the peak hour traffic…while i can choose to go back to bed or not!
My qu:
Is it true that the money we make is all relative to still having nothing,after all our expenses??I reckon Misty1 that the money we all make is NOT relative to what we started out with (nothing)
It is relative the our standard of living/net worth of the period immediately prior to making the extra $$$.
Our goals, needs, wishes, wants always seem to change as we get better off. This is a tendency that I am actively trying to resist.
My questionWhen painting with a roller, is it better to buy good roller covers and wash them or simply just buy a six pack of cheaper ones and throwaway as they are used.
Giddo
http://www.standrewsplace.com.auKNOWLEDGE IS POWER
Since i am just in the middle of painting myself i thought hell why not try to answer you question.
I tried both in the past; buying more expensive stuff is not worth it, cheaper one do the same job; buy cheaper, and when you finish, everything goes to the bin.My Q; hmmmm
I was wondering; are any of you ever going to stop climbing the stairs of wealth?
Do you have a plan when to stop? When is enough?A: I guess everonewill stop at a different level of the steps depending on their desire, the only concern may be is if greed, if it gets to that stage.. Everyone has a different defenition of wealth or rich. You can be wealthy of knowledge, rich of wisdom ect…
Q: Do you sacrifice capital growth for positive cashflow??
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auQ: Do you sacrifice capital growth for positive cashflow??
A Hell No!! Not in the long run. But they both have a place in a portfolio. If anyone that owned property over the last couple of years did not make more in Capital Gains than the Positive cash flow, then something is wrong, even if you were in the particular investment for cashflow. However, cashflow can be forever, Capital Gains (that you can get access to), will come in spurts.My Q.
My wife thinks I spend to much money, is she right?
Sorry that was a retorical question, she is always right.My real question
Many people say that if they won lotto, they would help out their family of friend financially, would you?
If you had the same windfall through your dedication to your investments, would you still help the family or friends out?Mal
Getting out of your comfort zone, can help you become comfortable
A : Never. Go the growth every time. Lately, our acquisitions have been both. Mostly land value and also cashflow positive. It is possible to have your cake and eat it too.
Q : With your PPoR, how wide a block do you consider is nice….to maintain a tad of privacy ??
Cheers,
Dazzling
“No point having a cake if you can’t eat it.”
When doing a reno its the 6 pack of cheapies and if its my own place and I want a great finish its the good quality ones. I still use the same good quality roller and a good tray everytime. The best roller trays have deep grooves so if your roller is easy to add and remove paint in the tray the whole job is easier to complete.
Timing of what part of the job to do first is important too. I do ceilings, gloss doors and trims, and you can be a bit rough with each, as you only then have to cut in once when you do the walls. It saves time.
Question: who thinks this market is moving ahead (SEQ and Tassie) and what steps are you taking to take advatage of this?
DD
Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!A: I consider a block width of around 100 metres to be nice, with around 2 – 5 acres in size on the fringes of suburbia.
Q: Would you consider investing in eastern European countries even if you did not speak the language ?
Again, i can see a few people’s Qs have been overlooked, so I’ll be greedy and answer 3 questions!
Shwing: Any lotto winnings would be invested. Only a proportion of those profits would be distributed to family and certain friends. That ensures I’ll never end up one of those sob stories who go broke.
DD: Not sure who thinks the market is moving ahead in SEQ or Tas. I’m sure some people do – not me though. I feel strongly that in the future it will, just not right now.
Purse: I wouldn’t invest in a country where I didn’t speak the language – or more importantly, knew v. little about its political, economic, social structures, etc.
My Q: If approached by a magazine for an interview (e.g. Australian property investor) which would put all your investments in full view of the public, would you do it? How much would it take for you to do such an interview?
We wouldn’t be keen on letting everyone know what we have and what our debts are. While within our family and selected friends, we are quite open, we know some obnoxious people who are extremely keen on keeping up with the Joneses and think they have much more than us (who cares!!) and we would hate to have these types know everything about our position. I prefer to let little tidbits slip every now and then and let them wonder.
Bit like the dance of the seven veils, reveal things when and if we wish to.
Personally, I would feel (if all was laid bare in a magazine) like I was walking down the main street naked.
Just my thoughts, Wylie.
Question: For those who do not use an agent, how do you vet your tenants?
we have very comprehensive tenant application forms that ask alot of questions about money, jobs, pets etc, like what steve uses but adapted for our specific circumstances.
will you ever retire from property investing?
We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
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phone 0412 437 582
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