Can you really retire from investing in property in under 15 years?

he has a formular and he has shared this on PC just re read

 

Really enjoyed reading your post! Well done mate! The biggest advantage of earning pre-tax is just how many reasonable business expenses you can now have that you wouldn't have had before. For example using your car for work, purchasing a laptop, some events/dinners/etc that are done with the intent to promote business and large chunks of particular trips. It can feel like a free 30% discount sometimes..

Fully agree with you. While property may be used as a vehicle to create wealth, I'd rather use it as a place to "park your wealth" and to preserve it. Leaving upside available for yourself is always a good thing of course, for example dev/reno potential.

Not a super experienced investor or anything.. just my 2c

 

At the moment yes...but also found them on existing houses ...most were in the low to mid sixes...though the occasional one at 6.8%....

 

that's brilliant buddy - so jealous.
I need to get on with chasing yields... and if growth accompanies... so be it.

 

no need to be jealous... you can achieve the same, piggy back, rinse and repeat

 

CG in Australia is an issue now. The major Cities seem to be coming to the end of the boom cycle. Let's say 2017 is the peak... which capital will be the first to boom after that?

 

not seeing

not seeing any markets in Australia that I would personally jump in, I will let you know if I change my mind. As you know I will only jump in when stocks significantly reduce
This is happening in Atlanta, long way from home

 

Great to read this Scott. It is similar to my story.

In my experience every business has opportunity but it takes insight and skill to make it work.

To date the only way to generate real wealth is to run a business and then find leverage so it is not dependent on you. The property investments are great; but they will keep you wealthy, not make you wealthy.

 

Actually other way around...in Australia property investments keep you wealthy...a lot of businesses come and go.

Not many businesses can run themselves...sure a few owners have succeeded in not being controlled by their businesses but a large majority are tied to their businesses.

 

There are risks with the high yield chasing ...just be aware of them ...low net yields of 6pc are pretty safe ...a good mix of low (6pc) and 10pc net is a good balance

 

Yep....very high yields indicated properties in secondary locations - i.e. regionals.

My preference is the 5 larger cities and cities like Newcastle, Geelong, Wollongong which feed off larger cities like Sydney and Melbourne.

Ole saying people over estimate what can be done in 1years but under estimate what can be done in 10 years.....message in that...

 

Wise words ...I quite agree with this
I suspect not many investors make real income from pure real estate start to finish investments ...it is business that creates real income.

 

Very true ...just stick with it ...it will not happen overnight but it will happen

 

Yep...but you also need to buy reasonable quality assets....the longer you hold the luckier you get principle....

 

Yup ...better to buy quality at a good price than rubbish at a bargain price