hello everyone

Discussion in 'Introductions' started by mehrar_84, 25th Feb, 2019.

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  1. mehrar_84

    mehrar_84 Well-Known Member

    Joined:
    29th Jan, 2019
    Posts:
    118
    Location:
    Melbourne
    hi all,

    hope all is well at your end.

    bit about us:
    i bought my first home in 2011 (was single) and have been investing in property for 5 years.

    got married - mrs and i started rent-vesting in 2014 and bought another 3 properties over 2014-2016.

    given all the bad news about the property market, we sold 3 properties:
    1 in apr 2018
    2 and 3 in dec 2018
    so we can buy our PPOR end of this year or maybe next year.

    not sure if we did the right thing but here we are.

    hope to hear from you :)
     
    mehrar_84, 25th Feb, 2019
    #1
  2. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
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    6,675
    Location:
    Mt Druuiitt
    Sounds good meh and welcome aboard the SS Property Chat.

    Petty Chief Officer datto about to get stuck into the pusser's. lol.
     
    datto, 25th Feb, 2019
    #2
  3. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    3,980
    Location:
    Canberra, Brisbane and Sunshine Coast
    Welcome aboard :)

    Cheers

    Jamie
     
    Jamie Moore, 25th Feb, 2019
    #3
  4. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
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    Location:
    Vaucluse, Sydney.

    Isn't this a family friendly forum. .:p
     
    Sackie, 25th Feb, 2019
    #4
  5. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
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    Location:
    Mt Druuiitt
    What? You mean pussers? Just having a glass of rum. That's navy talk. Hoist the yard arm!
     
    datto, 25th Feb, 2019
    #5
    Sackie likes this.
  6. mehrar_84

    mehrar_84 Well-Known Member

    Joined:
    29th Jan, 2019
    Posts:
    118
    Location:
    Melbourne
    i been googling it lol. cheers to all.
     
    mehrar_84, 25th Feb, 2019
    #6
    datto likes this.
  7. Eric Wu

    Eric Wu Well-Known Member

    Joined:
    8th Oct, 2016
    Posts:
    1,603
    Location:
    Australia
    welcome to the forum @mehrar_84

    not a bad timing to reduce debts, and a good time to upgrade PPOR as well. once all done, then restart investing.
     
    Eric Wu, 25th Feb, 2019
    #7
  8. The Y-man

    The Y-man Moderator Staff Member

    Joined:
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    13,523
    Location:
    Melbourne
    If you made money and locked in some capital gain, then that's the name of the game.

    What will you do next (other than buying ppor)?

    The Y-man
     
    The Y-man, 26th Feb, 2019
    #8
  9. mehrar_84

    mehrar_84 Well-Known Member

    Joined:
    29th Jan, 2019
    Posts:
    118
    Location:
    Melbourne
    yes locked in some profits.

    been reading a lot of forums and there are plenty of investment opportunities:
    - US investing
    - Index/ Managed funds
    - LIC etc.

    lot of smart people here. i just got lucky i guess.

    I have few ideas on how to move forward:
    a.) invest in fixed deposit approx 8% return pa overseas to create a passive income so i can work on business idea & mrs continues with her part time job.
    a.) buy ppor but then will have to continue with job to pay off loan

    Any suggestions?
     
    mehrar_84, 26th Feb, 2019
    #9
  10. The Y-man

    The Y-man Moderator Staff Member

    Joined:
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    Location:
    Melbourne
    Watch the exchange rates unless you are earning and spending in the country concerned (let alone tax implications).

    The Y-man
     
    The Y-man, 26th Feb, 2019
    #10
  11. Propertunity

    Propertunity Well-Known Member

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    19th Jun, 2015
    Posts:
    3,476
    Location:
    NSW
    Be good to your Mother.

    How much money was trashed in sales commissions, loan discharges, and CGT on the sales of your 3 IP's? (you likely won't have even paid CGT bill yet). Are the properties worth more or less now since sale?

    Welcome to the forum :)
     
    Propertunity, 26th Feb, 2019
    #11
  12. mehrar_84

    mehrar_84 Well-Known Member

    Joined:
    29th Jan, 2019
    Posts:
    118
    Location:
    Melbourne
    given aud forecast is going down. should be ok for 1-2 years
     
    mehrar_84, 26th Feb, 2019
    #12
  13. mehrar_84

    mehrar_84 Well-Known Member

    Joined:
    29th Jan, 2019
    Posts:
    118
    Location:
    Melbourne
    Thanks and love to Mum and Dad always buddy.

    yeah i know lot of money spent on commissions, cgt etc. You gotta spend money to make money or its all paper gain.

    i remember time when their was property boom back home. properties went 12-15 folds. in 3 years and then drop of 40-50%.

    i live for today.
     
    mehrar_84, 26th Feb, 2019
    #13