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Hello from Victoria, Yarra Valley - Newbie

Discussion in 'Introductions' started by Abhi, 6th Jul, 2016.

  1. Abhi

    Abhi Member

    Joined:
    4th Jul, 2016
    Posts:
    9
    Location:
    Yarra Valley
    Hi Everyone,

    My name is Abhi. I am 34 yrs old and an IT consultant by profession, working for a large insurer. I live in Lilydale, VIC with my wife and 2 yo daughter.

    I feel lucky to have stumbled upon this fantastic community! I was just doing some random search about properties the other day and came across this forum. What a treasure of information! It will be lovely to get some guidance from the people who have already done what I am aspiring to do.

    A bit about myself - I moved to Australia 4 years ago and now we call Melbourne region our home :)
    So far I have managed to acquire one residential property which is a 4 bed 2 bath house on a full block in the beautiful town of Lilydale. My goal is to have a well balanced property portfolio and generate enough passive income so that I can retire from working for someone else and focus on doing what I love, which is working with Horses :)

    I really look forward to learning a lot from this forum and contribute wherever my little knowledge will allow me to.

    Cheers!
    Abhi
     
  2. peastman

    peastman Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    118
    Location:
    Melbourne
    Hi @Ahbi
    Welcome to the forum.
    If you are interested in getting to know some of us a bit better, we regularly have a get together.
    Melbourne East group meets on the 2nd tuesday each month at a suburban pub, the next one will be on 12th July at 7PM
    Mitcham Hotel Bistro
    556 Maroondah Hwy, Mitcham.
    Booked under "Property Chat"

    Full details are posted here Networking & Meetups

    There is no cost (other than optional meal or drink) and no agenda, just come along and chat to other property people.
     
  3. Mick Butterfield

    Mick Butterfield Well-Known Member

    Joined:
    15th Jan, 2016
    Posts:
    408
    Location:
    Bermagui NSW
    Hi Ahbi,

    Welcome to the forum. I hope you get plenty out of it like we all do.

    Mick
     
  4. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,458
    Location:
    Sydney & Gold Coast
    Hi @Abhi. Welcome to the forum! As noted, you've stumbled upon a goldmine of information so enjoy your stay.

    What are the next steps for you towards your passive income goal?
     
  5. Abhi

    Abhi Member

    Joined:
    4th Jul, 2016
    Posts:
    9
    Location:
    Yarra Valley
    Thank you guys :)

    @Mick Butterfield , I am enjoying this form already mate! Awesome friendly people and tons of information.

    @peastman , Lucky that checked your message today, thanks for letting me know about the meet up. I'd love to be there tomorrow!

    @Steven Ryan, my immediate goal is to acquire an acerage/ horse property. Working with Horses is my passion and I want to start and equine assisted learning center for self development /corporate leadership/ corporate sales programs. Post that I'd like to be able to buy hopefully a property every year or two and maintain a net +ive cash flow. I am still researching on how I can manage to buy so fast using value addition techniques like subdivision, renovation etc.

    Thanks a bunch for the warm welcome :)
     
  6. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,458
    Location:
    Sydney & Gold Coast
    @Abhi, sounds like a motivating goal.

    Good cashflow and value-adding are a winning combo. Don't forget to earn more money though – that helps a lot too!
     
    Abhi likes this.