After months of reading, learning and searching we have bought our first IP[
].
We are really appreciative of all we learnt on this site and how it is presented in encouraging and positive ways.
We recommend Buyer Beware also, as we picked up clues we had overlooked, like allowing for the property to be vacant for a couple of weeks/year in our calculations.
We are going to be busy painting and gardening for a while but will continue to keep up-to-date with this forum as we love the ideas and happy banter.[]
Thanks heaps, Dianegood on you Diane
how do your figures stack up? where have you bought (don’t feel presured to tell as you may want to keep buying in that area.)[
]westan
Hiya,
Congratulations Diane! The first, for most is usually the hardest, now you’ve overcome that hurdle and should be very pleased with yourself!
Cheers
Sooshie []When a problem is created the solution is created simultaneously
Thanks westan and Sooshie,
Yes we are excited and nervous simultaneously! We bought in a small town on the River, SA. We did our homework on the area, talked to locals, etc and the area is definitely growing, has good employment (that’s not seasonal) and growth potential. It’s a small timer-frame, and there are lots similar that done-up sell for 90K+. We paid 75K and will do the garden and paint-job on our days off. It’s been a rental and looks tired. We phoned 3 agents all keen to manage it, but OH what a difference in costs to us – so that homework paid for itself! It will rent for $130/week and we are really thankful we fixed the interest 2 days before the increase! We will “break even” after doing all the templates and are happy with that as we learnt the demand is expected to rise in the area and we plan to hold on to it.[
]DianeCongratulations Everdine
That first one is an incredible feeling and it takes a while to get over it, but 2,3 and 4 come along alot more easily.
I have just bought number 4 which means we have achieved our initial goal of 3 – 4 IPs between June 1 and Dec 30.
Well done, enjoy the ride and keep us posted on your success.
Cheers
Leigh K[]Carve your own path and lead the way …
enjo, wow!!! number four!!!
you go girl!
everdine, congratulations!!!
cheers-
miniHi Mini
WOW 543 … you go little dark headed fella[
]Cheers
Leigh K[]Carve your own path and lead the way …
emmm enjo –
you forgot the zero, that’s 5430….
re:
*little dark-headed fella*-why do i have to be little? Ah, I know, because of the mini in my name.
can’t that be referring to the size of my property empire? and not my physical stature? I think of myself as ‘medium height’…please, enjo, reconsider your mental picture…cheers,
Mini,AKA “dark-headed fella”
or
“dark-headed fella of average height*
*hehe*
I guess that due to the many many references to my swedish hunk of a boyfriend, that’d have to be
“gay dark-headed fella of average height”
ROTFLMAO
(i’m sorry enjo….couldn’t resist….!!)
Hi Min
At least noone is telling you that you are bald like Westan and me.
Congrats Everdine
Well done Enjo.
Regards
hey Muppett
right your in trouble for that one.
i’ve gone to a lot of trouble over the months to create this image of myself as a “hunk” and now you go and blow it all with one post.[xx(]
i hope we beat you in the rugby[
]
yeh and NZ netballers are scrubbers !!!![]
yer and i like Greg Chappel tooo. [}]
Now i’m off in a huff
westanHi Westan
All Blacks 54 Wallabies 12.
Roll on England.
Now put that in your pipe and smoke it.
Regards
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