Can or Will you retire on property alone?

Discussion in 'Investment Strategy' started by MTR, 29th Jan, 2017.

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  1. Nodrog

    Nodrog Well-Known Member

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    Ice Popsicle
     
  2. SatayKing

    SatayKing Well-Known Member

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    As it's effectively -9C here, I'll pass. Mulled wine would be better.
     
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  3. Scott No Mates

    Scott No Mates Well-Known Member

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    See your urologist for independent advice. :rolleyes:
     
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  4. Gockie

    Gockie Life is good ☺️ Premium Member

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    Intellectual property :)
     
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  5. Scott No Mates

    Scott No Mates Well-Known Member

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    Add a couple of roasted chestnuts to the mix and I'll be there.
     
  6. Nodrog

    Nodrog Well-Known Member

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    When we owned multiple IPs I needed mulled wine and much heavier even when it was +40C to cope with the stress and expense of it all:(.

    PS: SK why is it when you post, a thread often goes off the rails:D.
     
    Last edited: 24th Jun, 2018
  7. Nodrog

    Nodrog Well-Known Member

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    Reminds me of when we lived a Prague for a couple of years. Winter was incredible and so steeped in tradition. Drinking mulled wine in the town squares along with other festivities was a wonderful experience.

    We rented one of these strange IP things when over there. IPs are everywhere. It’s a disease and spreading I tell you. Fortunately I found a cure in the form of dividends.
     
  8. Nodrog

    Nodrog Well-Known Member

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    No if intelligence was a component of IPs that would exclude me.
     
  9. SatayKing

    SatayKing Well-Known Member

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    Because I'm good at it, very good. And it's what I do best.

    On a more serious note, I do think you can retire on property alone provided you have a sufficient number of them, can manage it/them, comfortable with any debt position or a strategy to have zero debt. For me, it's just seems to be a lot of effort when I reckon I've achieve a more than comfortable position without having any property apart from my own home, which I view as essential - despite it being a drag on finances to some extent and producing SFA in income (yup, I view it as a liability and not an asset ;))
     
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  10. Gockie

    Gockie Life is good ☺️ Premium Member

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    You sold all yours! That's intelligence :)
     
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  11. TAJ

    TAJ Well-Known Member

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    I agree that purchasing 12 @ $30,000 USD would be less capital outlay, however that was not my strategy. Keeping investment at home (Australia) simply seemed easier to me. Don't get me wrong, happy for those who are prepared to invest internationally, I have done this through exposure in other asset classes.
    $30,000 USD does seem cheap though. Also, I never wanted a large portfolio. Constantly running my eye over properties and their management was not possible time wise as my business gobbles up a lot of my time. Transitioning now to retirement (currently working 3 days p/w) and endeavouring to pull up stumps in 2 yrs time and fully retire. Aiming to have 3 unencumbered properties providing rent, together with Super pension phase drawdown and dividends from LIC's to provide me with a relatively comfortable retirement.
    I am from the old school whereby any property I don't have the Title Deeds over is not actually mine. I have the deeds to 2 and currently paying down outstanding debt on the 3rd. Approximately 20 months to go, but who's counting!
     
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  12. MTR

    MTR Well-Known Member

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    Absolutely, always warranty deeds for US properties

    Many think US investing is a tougher gig than Oz, no different once you have the right people in place in US
     
    Last edited: 25th Jun, 2018
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  13. SatayKing

    SatayKing Well-Known Member

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    I'll do so on Friday right before the op.
     
  14. Nodrog

    Nodrog Well-Known Member

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    Good luck SK. Will be thinking of you.
     
  15. MWI

    MWI Well-Known Member

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    Agree, has anyone read an article, "Is your property the breadwinner of the family?". Some made more in a year just owning property as compared to declared median income for that suburb in a year?
    It was an eye opener and interesting.....
    Is your property the breadwinner of the family? – realestate.com.au
     
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  16. TAJ

    TAJ Well-Known Member

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    Significant increases in a lot of suburbs. It would seem those with relative close proximity to the waterfront / city as expected, fared well.
     
  17. MTR

    MTR Well-Known Member

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    Back to the topic.... Can or will you retire on property alone.

    Was reading this, thought it was great.

    "If you always want the best possible returns on a real estate investment, you have to be willing to change what market you are buying in because the best market to buy in is always changing."
     
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  18. SatayKing

    SatayKing Well-Known Member

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    Thanks @Nodrog. It was a fun time (not) but all good now and in the future according to the Dr.
     
  19. Nodrog

    Nodrog Well-Known Member

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    So pleased to hear that SK.

    My wife is intent on killing me with garden projects:(.

    Cheers
     
  20. MTR

    MTR Well-Known Member

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    Bump
    It just got a little harder

    I expect you will Need to be an active investor, trade, sell down ..... buy and hold strategy will be a tough call

    Why?? Yields too low
    APRA changed

    There may be another twist...... If Labour gets in???? I expect they will stick the boots in further
     

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