Questions about FastTrack

Just a few questions here. On the tape Steve said they owned 145 properties giving them between $60-100pw rent. Lets say $80pw.

Okay I’ll do the maths here

$80pw x 12 months x 145 properties = $139,200

Steve said that he uses a 3 rule. 1/3 re-invested back into the property, 1/3 for capital appreciating investments and the final 1/3 for lifestyle. So $139,200/3=$46,400 per 3rd. Steve has a business partner – so would I be right in assuming that he has to split this into 2. So the $46,400 for lifestyle now becomes $23,200 per annum? I spent a few hours last night doing an annual expense sheet. There is a major discrepancy between actual cost and $$$$ left over for lifestyle given 145 properties. Even if we don’t have to split it, the $46,400 still falls short. This obviously is without my husband being in fulltime employment. Our biggest expenses would be rent and education for the children.

Also, if you have so much property then isn’t this against the old adage of diversification.

Nothing was mentioned about the effect the FHOG has had on rising vacanies and reduced rents.

Would love to hear from people who have meaty property portfolios. Would like to know if you have seen a shift in vacancies and lower rents since introduction of FHOG.

On very old and limited memory capacity laptop here. Tried everthying but can’t download e-Buyer Beware, is it possible to email it to my husband please Steve.

very best regards to all
4walls