Visit to Wagga Wagga – My Property Investing Report

Hi Ajay

Sure. It's Tarakan Ave. I didn't find it rough. I was actually suprised at how "decent" Ashmont actually appeared.

The property I bought was from an elderly lady who took great care of it. The neighbours also seem to take pride in their houses. There is a new retirement village on the street and there's some relatively newish townhouses behind it.

I must admit, I've never lived in the area nor have I spent a great deal of time there. But during my short visit, I found it to be a lot different to what I had in mind.

From memory, Buna Street seemed to have more of the fibro housing commission homes. Check out google maps and go for a stroll around Ashmont I know there's often some cheapies on that street – still probably rent for around the $220 – $240 p.w mark.

ajay,
I dont know that area,but I bought a property in glenfield park,and it is in mima st ,good area, positive cash flow.

Bear in mind that local prejudices about a particular street or area often are out of date ie if a street had a bad local reputation 10 years ago, the locals possibly perceive that reputation to be current even though the problems might have been dealt with.  It can be a good way to make money.  I have an IP where a year before i bought I read a comment by an agent saying the particular street had improved and no longer deserved its reputation.  I bought there, have a great ROI, average of 2 years per tenant.  Even now 10 years later people say X street is the worst in Y town.  My only regret i snot buying 2 more in X street in the next couple of years after my first purchase

Hi Jac

Are your Wagga IPs in any of the areas mentioned above? How have they been performing? Can you recommend a good property manager?

Cheers

Jamie

Hi Jacqui

I'm using Ray White at the moment – the new property manager within Ray White that's taking care of my IP is doing a great job. The one that looked after it before wasn't so good. I was thinking of changing to the Professionals but everything seems to be ok now.

hi there
I have 17 properties in Wagga and the Majority are amoung  the Ashmont ,Tolland and mt Austin areas. I started investing 3 years ago with no past investment experience under my belt  just severe dissatisfaction with my own life and deep internal scaring from my past upbringing and many late nights reading researching  for the first 8 months and  working  10 to 12 hours 5 day a week all in aid of  working towards funding the investment properties in my future plan to becoming financially independant  and 3 chidren  to look after, 4  if i am allowed to include my partner even though he is an adult he wasn't acting like one at the time.I had written  my plan on huge sheets of paper and taped on a wall  in a quiet area of the home  in which i admired regularly and only me believing that i could do anything i set my mind to. wow a little to much drinking going on with these late nights reading and researching etc mainly brought on by negative comments from others that seemed to have all the answers to why i shouldn't invest. Looking back i now know why these people are where they  are and i am where i am and it has nothing to do with luck .But me, the strong headed up to no good get out of my road attitude that anything is possible and always implying to everyone you first need to have a dream then write it down on paper and back it up with a plan then take action and for no reason what so ever except that it can't be done.i was going to change the world and make it a better place.Wow did i not know what i was in for.This was by far the biggest challenge i had ever taken on .I  then started buying and renovating to add value and on top of this i was working a 10 to 12 hour day, 5 days a week.Even my partner was a non believer at first and we had many a fights over this dream but no one not even my partner was coming between me and the dream of a better life.This dream was  not just for me but all people that come in contact with me that would whinge about there life and had  every excuse under the sun to why there dreams were not possible and i would be the example for them to give up there fight with making up excuses blaming others and living in denial and to be accountable for there lives which they would then make the changes needed in there lives to make there dreams reality to.What a amazing place this world is going to be i would think and how much happier people will be.yeah yeah i know it sounds a little airy fairy but I made it, yep that's right i made it. i have not changed the world of course( just yet still working on this one  small steps slow and steady does it) but i have started changing the way people think of themselfs in theses areas  for my presence in the areas renovating has touched the lives of these people and changed there lives for the better as they have also touch my life in ways that i find it hard to explain on paper.these people are seen  as numbers and beyond help.They talk about the forgotten ones and here we have it going on right under our noses in areas that are labelled as no go zones, and we turn a blind eye to it because we have to put in more then effort and that is beyond even our belief  towards helping others for we must lift a finger and it requires effort on our behalf. But to me i believe if i am going to help others instead of changing them first i need to start with changing me first and not just look at these people as tenants but people with feelings and yes the numbers have to add up but these tenants are helping you move closer to achieving your goals to. I over the past 2 years of buying and holding property in these areas have had 3 bad tenants inwhich i had landlords insurance in place and followed the correct procedures needed at the time.I must admit but the first property was very stressful and the second and third become easyier because i was resisting what is which is the reason for a lot of problems in this world.My properties are positive geared and i now earn a income  of  $1000 a  week depending on interest rate changes but my tenants are my reason for my success and i now have my next part of my dream to complete now that i am financially independent this i will keep quiet  but you don't know this yet, i already am famous and this by far is no joke and those that know me well know what i am talking about.GOOD LUCK and do not be scared away from these areas but from this experience you had of visiting Wagga, take the time to get to know the people in the area and i mean really get to know these people for change starts first with you.
so remember to always give back to the world for what you give out you will only receive back, i did and my dream is part started and so those that said i couldn't, good luck because i already know you can do anything you set your mind to and if you don't believe in yourself, drop me a line and i will get you up to speed