Lak's Recent Activity
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Lak liked Huntz's post in the thread From Zero to $5.4 Million: My Journey to 6 Properties and key lessons.
Wanted to share my experience with JZ. After much research, I reached out to Justin to see what he had to offer for my situation as he...
8th May, 2024 at 9:37 AM -
Lak liked Justin_Z's post in the thread From Zero to $5.4 Million: My Journey to 6 Properties and key lessons.
10 lessons I have learned in 10 years of property investing 1. Property investing is, on the surface about acquiring properties. And to...
8th May, 2024 at 9:29 AM -
Lak liked REAddict's post in the thread 2 years - 5 properties, portfolio worth 3.1M.
2 years gone and it's getting better. Interest rate seems like a temporary pain atm but I am loving the rising rents and equity. Had I...
8th May, 2024 at 9:06 AM -
Lak liked REAddict's post in the thread 2 years - 5 properties, portfolio worth 3.1M.
Hi All, Just got too busy and haven't followed up the thread. After making my 8th purchase back in June 2022, I have stopped and had a...
8th May, 2024 at 9:05 AM -
Lak liked REAddict's post in the thread 2 years - 5 properties, portfolio worth 3.1M.
Hey All, as an update, I have put hold on buying for myself now. Focussing on starting my buyers agency soon. Also, seeking development...
8th May, 2024 at 8:49 AM -
Lak liked sash's post in the thread 2 years - 5 properties, portfolio worth 3.1M.
All I am going to say is be careful.... great when the market is rising...but a bugger when it turns. On your numbers you have borrowed...
8th May, 2024 at 8:47 AM -
Lak liked skater's post in the thread 2 years - 5 properties, portfolio worth 3.1M.
It definitely is a misconception. All of my early purchases were bought with high yields, and were cashflow positive from day 1. I've...
8th May, 2024 at 8:45 AM -
Lak liked REAddict's post in the thread 2 years - 5 properties, portfolio worth 3.1M.
This is high yield, but my primary objective is capital growth which I expect from this purchase. In the market where I have bought it,...
8th May, 2024 at 8:44 AM -
Lak liked HiEquity's post in the thread 2 years - 5 properties, portfolio worth 3.1M.
@REAddict. Speaking from personal experience on these kinds of lending numbers, I suggest making sure that you have sufficient coverage...
8th May, 2024 at 8:42 AM -
Lak liked REAddict's post in the thread 2 years - 5 properties, portfolio worth 3.1M.
Glad that you did some numbers and definitely they don't stack up as it has got missing info. With 8th purchase getting completed in...
8th May, 2024 at 8:40 AM -
Lak liked REAddict's post in the thread 2 years - 5 properties, portfolio worth 3.1M.
An update : Settled on my 7th property last week. Purchase price 413K and rented this week for $700 per week in Townsville. Settling on...
8th May, 2024 at 8:38 AM -
Lak liked Gen-Y's post in the thread 2 years - 5 properties, portfolio worth 3.1M.
No idea.. I haven't borrow for the last 7 years. Last purchase was all cash in 2020.
8th May, 2024 at 8:23 AM -
Lak liked REAddict's post in the thread 2 years - 5 properties, portfolio worth 3.1M.
As an update, signed contracts for my 7th and 8th purchase in Townsville atm. Hoping to get finance across since using discretionary...
8th May, 2024 at 7:46 AM -
Lak liked REAddict's post in the thread 2 years - 5 properties, portfolio worth 3.1M.
Thanks @skater. Yes, I think I have revealed much more than I should have. This was just to confirm that if you got a will, you will...
8th May, 2024 at 7:43 AM -
Lak liked REAddict's post in the thread 2 years - 5 properties, portfolio worth 3.1M.
An update - Signed a contract on another purchase in Mackay, using family trust to be able to continue to borrow more. If this goes...
8th May, 2024 at 7:39 AM
