Where to from here for property No: 3

Never too late – just depends on the strategy you employ.

For what it is worth simply buying and waiting at the moment will be a slow journey. If you continue to buy the type of property that you have been then you will no longer be able to service new loans and you'll be hamstrung waiting for the general market to improve.

In the current market I would be looking for two things; one opportunities to buy under value or increase value. Typically this would be sub-divisions, renovations and small scale developments. These three strategies also provide a higher rent return this improving your overall cash flow position.

Suggest you sit down with a broker and work out what your capacity to borrow additional funds is like at the moment. Obtaining finance is a primary consideration of all property investors and knowing this will help you determine your next step.

There are a couple of options to investigate: purchase some positively geared property (possibly in growth areas), diversify ie look interstate for cap growth or cf, sell the worst performing asset and buy a quality inner city location, nothing against Kangaroo Point.

Delete the street names – suburb will suffice as scammers may see you as a target if they can identify you from the transactions

Hi I wouldn't say it's too late, but it seems like your heavily geared – no offense

I would look at reducing some your of your debt

First thing I would do is get in touch with Richard, organize a valuation on your properties and really see what they are wworth a house can be listed for any price but it does not mean that it's worth that much

Also why are your overall goals? 

Our goal was to have 8 properties but after our 3rd investment we changed Our goals

We sold two and we have almost paid our PPOR off and we only owe 120k on our other ip which got valued at 380k 

Evukate your goals and create a plan

Hi Shedin

Probably time to consult an expert in structured lending – Richard who responded above is your man. I'm sure he'll be able to get you back on the right track. 

Cheers

Jamie

Adding to Scott's comments about Kangaroo Point.

Noticed you are paying P & I – is there any reason for this? Can it be converted to I/O?

Being an apartment any growth you get (or not) is inextricably tied to the sale prices achieved for similar units in your complex. You have no means of adding value and the property will just track the local market.

Nothing wrong with cutting loose an underperforming property and redirecting your hard-earned elsewhere. Sure it means, by extension, you could have made a better investment choice originally but plenty of time to tweak your current approach and strategy.