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Hello, from Hodge

Discussion in 'Introductions' started by Hodge, 21st Jun, 2015.

  1. Hodge

    Hodge Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    511
    Location:
    Melbourne
    Hi, my name is Hodge and I am 30 years old from Melbourne. Fairly boring person and not too interesting. I joined SS by accident in 2013 and became hooked instantly. I try to contribute where I can but mainly leave the technical stuff to the experts.

    I started property investing 5 years ago and have purchased 1 property every year and somehow have a $2.6m property portfolio. (Helps to have a switched on broker). Hope to purchase another this year if APPRA lets me.

    Good to see the familiar names from SS have joined up. I wouldn't have what I have without you guys so thank you.
     
    Redom likes this.
  2. Coota9

    Coota9 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    970
    Location:
    Melbourne
    Well done Hodge..

    What area's have you brought your IPs in?
     
    Hodge likes this.
  3. Hodge

    Hodge Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    511
    Location:
    Melbourne
    Hi coota,

    They are in Melbourne west, in the hobsons bay area. I've mainly purchased development blocks (old house with massive backyard) with the view that one day will develop them.

    I've renovated them to increase rental yield and value.

    It's a strategy that's worked for me so far but for those going down this route land tax is a killer!
     
    Coota9 likes this.
  4. Coota9

    Coota9 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    970
    Location:
    Melbourne
    Great work Hodge,have learnt that every investor goes about it slightly differently which doesn't make it right or wrong.
    2.6m portfolio at 30 I would say it's working for you so far!!:)
     
    Hodge likes this.
  5. Hodge

    Hodge Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    511
    Location:
    Melbourne
    Thanks coota, everything i have is due to ss (now property chat ) and a great broker. Biggest thing I've learnt is never approach the bank yourself and read read read!
     
  6. jafeica

    jafeica Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    99
    Location:
    Sydney
    Me too. Great work so far.
     
    Hodge likes this.
  7. Hodge

    Hodge Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    511
    Location:
    Melbourne
    Thank you jafeica.
     
  8. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,138
    Location:
    Canberra and Sydney
    Welcome aboard Hodge :)

    Cheers

    Jamie
     
    Hodge likes this.
  9. Hodge

    Hodge Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    511
    Location:
    Melbourne
    Thank you broker :p
     
    Jamie Moore likes this.