NSW Experienced investor meetup 18/02/16

Discussion in 'Networking & Meetups' started by spludgey, 14th Nov, 2015.

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  1. spludgey

    spludgey Well-Known Member

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    The next experienced investor meeting will be on the 18th of February at 5pm near Wynyard (I will accept late Valentine's presents).
    This is the third time that we're holding this meeting and it has been a fairly small group so far, which I actually like.

    The rules are: You need to have been investing for three years or more and have three IPs or more.
    If you would like to be a part of it and want to find out the details, just send me a message and I'll give you the location (same place as previously, for those that have come before) and my phone number.

    @Steven Ryan: I hope you're still around then, as I owe you a drink! :)
     
    spludgey, 14th Nov, 2015
    #1
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  2. snoopy

    snoopy Well-Known Member

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    Sounds good - hope to be there
     
    snoopy, 15th Nov, 2015
    #2
  3. Steven Ryan

    Steven Ryan Well-Known Member

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    I'll be living on the Gold Coast by then but spending time between Sydney, Bris and GC so I'll try to coordinate my week to be in town ;)

    Thanks for organising.
     
    Steven Ryan, 15th Nov, 2015
    #3
  4. Excalibur1

    Excalibur1 Well-Known Member

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    howwww how about averaging the portfolio?

    Lets say you have 5 million portfolio, but own only 2 houses. That person does not qualify, but a person who has 5 million portfolio which is made up of 10 properties they qualify?

    Can you please clarify?
     
    Excalibur1, 26th Nov, 2015
    #4
  5. bob shovel

    bob shovel Well-Known Member

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    @Excalibur1
    They have made more transactions and thus more experience with owning properties. If you have a portfolio of that size, drop a couple hunjy $k to get a ticket in to the exclusive club
    Rules of fight club are simple.
     
    bob shovel, 26th Nov, 2015
    #5
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  6. Excalibur1

    Excalibur1 Well-Known Member

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    Ahhhh Dam!! One day I will be part of that club! At the moment I'm more quality than quantity.

    Actually.... Does parents home that I built count, but not in my name....
     
    Excalibur1, 26th Nov, 2015
    #6
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  7. Mumbai

    Mumbai Well-Known Member

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    I want to be in the club. I qualify too!
    where to sign?
     
    Mumbai, 26th Nov, 2015
    #7
  8. bob shovel

    bob shovel Well-Known Member

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    Just pm me your credit card details ;)
     
    bob shovel, 26th Nov, 2015
    #8
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  9. DanW

    DanW Well-Known Member

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    You can buy 3x$100k houses in Port Pirie and it's the same experience gained as buying 3x$10m houses in Sydney :)

    Settlements and process is the same.

    I reckon the idea of this one is about those who have taken action and what strategy they used, not those who are rich with holding value.

    Just my 2c
     
    DanW, 26th Nov, 2015
    #9
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  10. spludgey

    spludgey Well-Known Member

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    You'll probably learn more in terms of managing tenants! ;)
     
    spludgey, 26th Nov, 2015
    #10
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  11. Gockie

    Gockie Life is good ☺️ Premium Member

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    But has the 3x100k property owner ever had to address and push through serviceability walls?
     
    Gockie, 26th Nov, 2015
    #11
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  12. devank

    devank Well-Known Member

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    How about an equation?
    (Value in Mil) X (num tendencies) > 8
     
    devank, 26th Nov, 2015
    #12
  13. Gockie

    Gockie Life is good ☺️ Premium Member

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    I qualify on that! :)
     
    Gockie, 26th Nov, 2015
    #13
  14. See Change

    See Change Well-Known Member

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    My thoughts are

    If you have to ask if you're an experienced investor , you're not ...

    Time's no good for me :(

    Cliff
     
    See Change, 26th Nov, 2015
    #14
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  15. devank

    devank Well-Known Member

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    Sorry I made a mistake. Number should be 18.
    JK :)
     
    devank, 26th Nov, 2015
    #15
  16. Gockie

    Gockie Life is good ☺️ Premium Member

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    If I can include my ppor in the equation... i'm there on this one too baby! ;)
     
    Gockie, 26th Nov, 2015
    #16
  17. Angel

    Angel Well-Known Member

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    My dog house is worth at least $18.
     
    Angel, 26th Nov, 2015
    #17
  18. Excalibur1

    Excalibur1 Well-Known Member

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    hahahah some really funny comments! I actually think someone who bought an old knock down and then built a new house would have a lot more experience than someone who just bought 3x250k homes.
     
    Excalibur1, 27th Nov, 2015
    #18
  19. Gockie

    Gockie Life is good ☺️ Premium Member

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    I reckon... all the above and have been investing for at least 5 years... I mean, in 3 years you have earned a bachelor's degree.
    5 years is a masters.

    But Building is not required... that's a subset of a strategy. It all depends on strategy and its not in mine (at least for now). Mine is long term hold with reno. One 13 week reno gave me the equivalent of a year's salary in extra equity for me.
    Throw in the Airbnbing for cashflow.

    Maybe doing a build can count towards xx credit points. :)
     
    Last edited: 27th Nov, 2015
    Gockie, 27th Nov, 2015
    #19
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  20. Excalibur1

    Excalibur1 Well-Known Member

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    Well done Gockie... Looks like even though you are doing well and using a lot of strategies successfully, you still don't belong in this fight club!

    We should create our own club!
     
    Excalibur1, 27th Nov, 2015
    #20
    Sackie likes this.
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