Hey Julian,
where abouts in sydney are you based, im also around your age (im 21[
])and also are you by any chance an accountant or is someone in your family one, just the words you used in one of your posts, was an accountants expression.cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”Building an IP now …
Land $ 4k
Building $ 136k
Cost $ 140kValutation $ 185k
For sale at $ 185k
Nett proceeds if sold $ 178kReturn if sold 27% in six months
OR rent it out at $ 220 per week
Annual income of 11,440 or gross yield of 8.17%
Borrow the lot (76% LVR) I/O 5 years at 6.7 % interest $9380.
Cash for rates, agents fees etc $ 2060. One would hope no maintanance on a new property!
And all that yummy, yummy depreciation!
Cash on cash return infinite as no cash involved!
Quote:Hey Julian,where abouts in sydney are you based, im also around your age (im 21[
])and also are you by any chance an accountant or is someone in your family one, just the words you used in one of your posts, was an accountants expression.cheers
s.i.sI live in south-west sydney, I hope your not thinking that I’m a chick mate… haha!
Julian is a guys name.
lol, sorry Julian, i honestly thought you were a chick, my mistake and apologies…well people i guess ill be gone away from here for the next few days.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”good one guys[xx(]
just lucky to find out before you meet for a secret date, now that would have been a laugh.[
]
i remember a friend about 20 years ago didn’t find out his Pick up was a Bloke till after they kissed. My mate used to drink a lot but that’s real bad, would have been enough to turn me off alcohol for ever.
regards westanKeep the stories coming!!!
Regards
Julian
Hi Julian
How about u tell us about some of your experinces looking for +ve propeties? How many u have found? Have you purchased any of them? If not why not? If so tell us about them?
Regards Bear
Thanks for your reply bear,
To be honest, I have only been in the +CFP market for two weeks, I am learning as much as I can ATM and I have a short term goal to secure my first +CFP by the end of January.
I feel like there is alot of researching and ‘Due Diligence’ to be done on my part before I jump in.
So its new/exciting/scary for me at the moment.
Sorry no exciting stories from me yet. But you will hear of them as I progress with my journey.
Cheers, Julian
Sounds like you are on the right track.
Have you found any to date and not purchased due to the fact you using it purley as a excersise at this stage? Or u just havnt found any yet?
Regards Bear
I have came accross maybe 5 or 6 in my searches, but have not gone in depth with them because they did not stand out to be great deals.
And also it felt like I found them too easily and thought “I better not just jump on this because there may just be a reason why it is so cheap” Like its a bad area, or something like this.
So still looking…
I think every deal has to be taken very seriously so that the “perfect deal” can be created every time.
Cheers
Property 1
1. Purchased in March
2. 58k
3. Buy and Hold
4. $110pw
5. due to 100% borrow plus closing ie. 106% => neutral
6. current value 95kProperty 2
1. Purchased in March
2. 63k
3. Buy and Hold
4. $130pw
5. due to 100% borrow plus closing ie. 106% => 10 to 20 CFP pw
6. current value 105kKind regards
Chandara
[Keep going, you’re nearly reach the end of financial freedom]Julian,
I also live in South Western Sydney.=> St Johns Park
Kind regards
Chandara
[Keep going, you’re nearly reach the end of financial freedom]Mini,
Do you live in Australia or New Zealand?
I know you bought a lot of IPs in NZL.
Kind regards
Chandara
[Keep going, you’re nearly reach the end of financial freedom]Chandara,
May I ask where you purchased your two IP’s?
Mini lives in sydney.
Cheers
Westan,
Better tell your mate to do a check for an Adam’s apple before he does any more smooching.
regards
Gavin
I have came accross maybe 5 or 6 in my searches, but have not gone in depth with them because they did not stand out to be great deals.And also it felt like I found them too easily and thought “I better not just jump on this because there may just be a reason why it is so cheap” Like its a bad area, or something like this.
So still looking…
I think every deal has to be taken very seriously so that the “perfect deal” can be created every time.
Cheers
Yes Julian, that’s good thinking, but then why not investigate further? U could be missing out on the deals of the century?
Regards Bear
Julian, I agree with Bear.
In fact, there’s a thing that Dolf de Roos does at his seminars, where he holds up a $100 note says, ‘Who will give me $50 for this?’. People put up their hands saying ‘I will’ (although not all did), and eventually one guy gets up and runs down the front, gives dolf the $50, and gets the $100.
When asked why others did not do the same, some of the replies were ‘It sounded too good to be true!’ Or ‘I thought you were having a lend’.
I think you’ve just got to keep at it, and if it sounds too good, look a little closer, and if it is too good – GRAB IT!
Cheers
MelHi Chan
Mini is a New Zealander living and working in Australia.
Regards
Hi Julian,
Our best house purchase
2001
$80,000
Buy & hold
$170pw rent
10% deposit
Value $220,000Two others 2002, for $129,500 and $130,000
Both buy & hold
Rents $220pw & $190pw
100% borrow
Value $230,000 % $220,000Several units bought this year, purchase prices $55,000-$60,000, rents $120-$135pw f/furnished.
Anna
Thanks very much Anna,
Congratulations on your success!!
Anybody else have some “UNITS” that are performing as well as Anna’s?
I remember maybe 6 months ago comming accross a unit in Canberra that was for sale at $55,000 and was renting for $120 per week. At the time (before reading Steve’s book) I thought wow this is excellent. But my mistake was to listen to the people who I told about the deal that said “Canberra will go no-where” and “I won’t get any growth there”. But now-a-days I would look a lot further into the deal.
Keep the posts coming!!
Thanks, Julian.
])and also are you by any chance an accountant or is someone in your family one, just the words you used in one of your posts, was an accountants expression.
]
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