Hello all…
Lets keep these posts short, with just the numbers…no stories…
Properties – value
Me:
1 PPOR – $170,000
1 IP – $270,000
2 blocks of land – $100,000Where about do you live? It's pretty difficult to get an IP for that price in Sydney.
Plenty up here in Brisvegas…there are further bargains even cheaper up here…mine is at Kingston, which is in the Logan area between Brisbane and the Gold Coast…I keep telling people its a gold mine…
No one seems to be listening though…PPOR Owe $200,000 Worth $350,000
IP Owe $310,000 Worth $335,000 ( Just purchased)
Also have $100,000 asset ready to sell when its appretiation is lower than my interest on PPOR
Currently looking in VIC, North nsw and tasmania for the next one.Handy Andy wrote:Plenty up here in Brisvegas…there are further bargains even cheaper up here…mine is at Kingston, which is in the Logan area between Brisbane and the Gold Coast…I keep telling people its a gold mine… No one seems to be listening though…Hi . Whats the rental return to purchase price like up there.
um, just under the purchase price divided by 1000 rule….I am currently getting 230/week for a property that is valued at 270K.
Property 1 – $320K Langwarrin Purchased 4 yrs ago for $230K $260 pw rent
Property 2 – $310K Langwarrin Purchased 2 yrs ago for $270K $260 pw rent
Property 3 – $280K Frankston Purchased this week for $280K $270 pw rent
Property 4 – $520K (my own property which I built for investment purposes) Langwarrin Built 3 years ago for $345K 3 years agoCurrently in the marketplace for another property but to renovate and sell again…..
Valued by the bank a fortnight ago and increased by 5%……..
I actually use what I call the factor of 10………..if I purchased a place for $270K then I would want to get around $270 per week rental. Anything more and it reduces by repayments based on interest only out of pocket expenses.
Seems to have worked well for the past 12 years……..that way, based on my own situation, negative gearing etc, each property is costing me around $25 per week………..
So I'm getting a much better return then placing this money in the bank……..
8 places, I owe about $780K Inc PPOR.
$580 without PPOR
and get about $1130 per week in rent.
1 IP no PPOR yet
Purchased for $303,000 this year rents for $290pw
Everyone starts somewhere I guess
1 IP no PPOR yet
Purchased for $303,000 this year rents for $290pw
Everyone starts somewhere I guess
* 1 PPoR
* 3 IPs
* 1 Block of land
* Buying 3 more IPs
and always looking for more….hi i'm 26 started 3 years ago with $14000 from my car i sold
all investments
2 houses 5 units owe $850 000 return $2000 a week worth 1.7mil and bought most of them in the last 6 months theres a deal a dayThanks Rob
PPOR – bank valued last week @ $400,000 – owe $22,000
2 x Retirement Units – valued @ $190,000 – owe $165,000
1 x IP (House in Ipswich) pending settlement July 07 – value @ $230,000 – owe $240,000
Plus I have two properties that I'm trying to decide between, a CBD townhouse or a duplex.PPOR Worth 460K owe 93K
6 IP in WA (2 pending titles ) Worth 2.61 M Owe 1.95M
1 IP in SA Worth 160K Owe 135K
Joint Venture(50/50) 4 IP worth 1.36M Owe 798KSo In Total Assets of 4.105M With Debts of 2.976M
VLR of 72.5%
Rents of $144,300 per year Approx yield 4%
All this achieved in the past 4 years with nothing more than dreaming, working and dreaming BIGGER!Happy investing.
Prakman wrote:PPOR Worth 460K owe 93K
6 IP in WA (2 pending titles ) Worth 2.61 M Owe 1.95M
1 IP in SA Worth 160K Owe 135K
Joint Venture(50/50) 4 IP worth 1.36M Owe 798KSo In Total Assets of 4.105M With Debts of 2.976M
VLR of 72.5%
Rents of $144,300 per year Approx yield 4%All this achieved in the past 4 years with nothing more than dreaming, working and dreaming BIGGER!
Happy investing.
Nice….well done!!!!!!!!
Hi Andy,
Thanks!!! Anything is possible!!
It costs nothing to dream BIG but the cost of NOT dreaming is inmeasureable.
Happy investing.
Prak
JEEPERS .. do I need to unzip me fly?!
LOLHi guys,
I have 2 IP
1 I bought 12 months ago for $118.000 & is currently rented out for $155.00 a week, now valued at $160.000.
The other I bought 6 months ago for $225.000 and renting out for $230.00 a week, now valued at $270.000.
I'm very happy with how they're going.
HugsCurrently only have the one IP, bought a unit about 3 months ago in regional victoria
Paid $87,000 and renting for $130 p/w
No one seems to be listening though…
LOL
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