Do you enjoy property investing/developing?

Discussion in 'Living Room' started by Beginner1, 8th Sep, 2020.

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  1. Lacrim

    Lacrim Well-Known Member

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    Does 'consolidating' mean selling?
     
    Lacrim, 9th Sep, 2020
    #21
  2. spoon

    spoon Well-Known Member

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    If I can make the same money and future wealth by just sleeping in and enjoy brunch in high-end restaurants, I am sure I shall enjoy more.

    But then I wonder how many will enjoy if property will be making a loss or with minimal CG over a long period of time but paying a huge amount of expenses/taxes.

    At the end of the day, it is the fruit of financial freedom and money in the pocket counts. Of course I enjoy running an Airbnb and meeting interesting people. Some ended up be working for me too.
     
    spoon, 9th Sep, 2020
    #22
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  3. Lizzie

    Lizzie Well-Known Member

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    A couple - but more shuffling the money around between us and SMSF (hubby over 60) to make sure it's all in the right place
     
    Lizzie, 9th Sep, 2020
    #23
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  4. Hari Yellina

    Hari Yellina Well-Known Member

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    Investing was good and will make you rich, Patience is required.

    Property development is Investment on Steriods. You will be super rich and bumper profits and cash flow. if done correctly.

    If you can develop and hold its called Nirvana of Property investing.
     
    Hari Yellina, 9th Sep, 2020
    #24
    Charlotte30 and Beginner1 like this.
  5. Luca

    Luca Well-Known Member

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    When you guys take equity out for developments do you usually use a line of credit or loans?
     
    Last edited: 17th Sep, 2020
    Luca, 17th Sep, 2020
    #25
  6. Hari Yellina

    Hari Yellina Well-Known Member

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    Use the cash out as deposit for next development loan,

    Development 1 = take cash out once it's done,
    Development 2 = Use the cash out from the development1 as deposit and buffer to proceed.
     
    Hari Yellina, 17th Sep, 2020
    #26
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