1st time investor, Melbourne

Discussion in 'Introductions' started by DJS, 10th Oct, 2017.

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  1. DJS

    DJS Member

    Joined:
    10th Oct, 2017
    Posts:
    10
    Location:
    Melbourne
    Hi all,

    Long time lurker and daily reader of the site - it's a wonderful community of talented people on this forum - look forward to getting to know everyone and contribute over time.

    I'm a project/development manager working on large CBD projects (towers) in Melbourne, originally starting down an architectural path but now client side delivery management. In short, keeping the projects ticking along and get to hang around on big project all day - good times. I also help a few smaller projects manage their renovations and the like but it's not something I take too seriously, more so enjoy the process and helping things come together.

    For fun my vice is motorbikes. Give me a 70s era 4cylinder, a workshop, some good music and a I'm content. Also travel a lot and tend to explore the Melbourne countryside when time permits - reasonably new addition to the land of AFL, ex Brisbane.

    Investment journey wise I'm yet to begin but about ready to start. Decided to travel rather than save for property, finally ready to take the plunge. Very keen to learn about more hands-on approaches rather than buy/hold. Given my background, partner an architect and entire social/family social in property in some way, it's almost mandatory. Looking forward to some guidance to get started in the coming months and putting together a bit of a game plan - the classic "where to start" is proving to be a challenge!

    Anyhow, look forward to getting to know some people here. If you're in the city and would like a coffee drop me a message!

    Cheers!
    DJS
     
    Jimmy_05 and MTR like this.
  2. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,786
    Location:
    My World
    Welcome to PC.
    Just keep searching and reading if you like what you read keep digging.

    Me thinks with your background developing is the path that may work for you, check out these posts. You could always start with smaller projects ie land and house packages or buy properties where you can do a simple build at rear.
    Read posts by @sash, @melbournian (land and house packages, Melb)

    First development site journey - Victoria

    4 Townhouses development - Melbourne

    4 Townhouse Project finance

    All the best

    MTR:)
     
  3. DJS

    DJS Member

    Joined:
    10th Oct, 2017
    Posts:
    10
    Location:
    Melbourne
    Thanks MTR :). Regularly follow your posts so appreciate the welcome.

    I've read both of those threads (and many more!) top to bottom, some great learnings. Absolutely the development path is our preferred but the reality is the capital outlay for the soft and/or holding costs if going it alone might prevent us from going for a full development (as much as we would love to). First thus may be a couple of buy/reno projects initially to provide the capital to take on our own projects - unsure.

    Still quite unsure on where to 'start' but at the very least have a good handle on our financial position/options (with help from some well known faces on this forum actually). From here, read, learn, talk and try to find a landing on a clear strategy in the coming month with a view to make a move Jan/Feb.

    Cheers!
    DJS
     
  4. RS Gumby

    RS Gumby Well-Known Member

    Joined:
    1st Apr, 2016
    Posts:
    241
    Location:
    victoria
    Welcome aboard DJS

    With your background it won't be long before you'll be asked for advice!!!
     
  5. KateAshmor

    KateAshmor Victorian Conveyancing Lawyer Business Member

    Joined:
    25th Jun, 2015
    Posts:
    711
    Location:
    Melbourne
  6. Massy

    Massy Member

    Joined:
    18th Oct, 2017
    Posts:
    14
    Location:
    Brisbane
    Hello DJS
    I think you've got a great background to kickstart a project :) Best of luck.
     

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