8 Investment Properties by 40.

Discussion in 'Investment Strategy' started by eletronic_exp0430, 8th Mar, 2018.

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  1. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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  2. TMNT

    TMNT Well-Known Member

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    cant really fault them , good on them,

    there must be more to why theyve suddenly gone to a block of land in melbourne when they live in sydney
     
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  3. Perthguy

    Perthguy Well-Known Member

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  4. skater

    skater Well-Known Member

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    I'm not really sure what your point is. Should we hate them because........

    They bought too many?
    They didn't buy enough?
    They are too old?
    They are too young?
    They are migrants?
    They bought mainly in Sydney?
     
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  5. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    I'm not going to say anything. I just want to see the responses from people and the usual culprits and what they have to say about this one. :)
     
  6. TMNT

    TMNT Well-Known Member

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    I think you might be overreacting a bit, from what ive seen 99.9% of people on here, simply analyse the situation with very little bias
     
  7. Otie

    Otie Well-Known Member

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    Good on them. Don't hate. Not many people their age would have the funds to live mortgage free in Sydney. I think to some extent they have done what most PC users are doing anyway. Just working your way up using what you have to get there
    The only advise I wouldn't take from them was the bit where they said buy 1 bed units if thats what you can afford, I think there are probably better options.
     
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  8. neK

    neK Well-Known Member

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    What exactly are you trying to prove anyway?
    So these people bought some properties.

    I think you'll find its more when people talk a big game or fudge numbers and can't back themselves up that the negative responses come up.

    A bit like you when talked about how you missed out on a property in Campsie for $264 in 2010 because you didn't like the kitchen and had got drunk the night before. Still waiting for a response.

     
  9. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    That was actually a true story. It was on third ave. I will look through my email archive to see if I can see the contract of sale or any emails regarding that. I will send it to you. dont care because I didnt buy it anyway.

    Instead I bought more houses with land in the west. I've made more probably now since I ended up buying a house with land rather than a unit.

    You can PM me later when I get home from work. I'll send you all the details if they are in my archives.
     
    Last edited: 8th Mar, 2018
  10. TMNT

    TMNT Well-Known Member

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    im can assure you ,if you wrote an article on yourself in the news , youd get far more hate/cricitism then this couple..... and im not being passive aggressive
     
  11. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    Thats ok. I'm immune now - got thick skin :)
     
    Last edited: 8th Mar, 2018
  12. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    I'm not trying to prove sh!7. Just wanting to see the responses from certain people about their journey and their strategy. Thats all.
     
  13. Biz

    Biz Well-Known Member

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    Well, this thread backfired pretty spectacularly.
     
  14. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    LOL
     
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  15. Biz

    Biz Well-Known Member

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    [​IMG]
     
  16. neK

    neK Well-Known Member

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    Please do. I would be very interested to know if you are actually able to find this contract.
    You need to appreciate my skepticism here, because in that time period you quoted, 2 bedders red bricks style walk ups were selling for $350k+. Even in early 2009, they were selling for 290k+.

    During the GFC, the FHOG doubled, this had an effect of pushing prices up between the period of 2008 to 2011, so to have a place advertised for 264k, when things were selling for $350k+ is somewhat unbelievable.
     
  17. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    You are incorrect. I've just PMd you.

    Lets take this one to PM.
     
  18. hobartchic

    hobartchic Well-Known Member

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    Being cautious, selling assets and using the money wisely. What's not to love? :D
     
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  19. KinG3o0o

    KinG3o0o Well-Known Member

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    among all.. kinda impress with this one.. acquire, sell to reduce current debt.. home paid off.. consolidating less quality asset into a higher quality asset with no debt.

    like this is damn well planned and executed.. at under 40 2 working couple, no difference to a exec couple buying a $4m house in the west.. both got to their end game just different route.. they are under 40.. but took them 10 years to reach $4m.

    not 25 properties at 25 years old.
     
    Last edited: 8th Mar, 2018
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  20. Ace in the Hole

    Ace in the Hole Well-Known Member

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    Ok, assuming they started with not much 8 years ago, it’s difficult to see how the properties they invested in would bring them anywhere near 4 mil net equity.

    There must be more to their story, which does mention they have invested in other ventures too.
     
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