hello, I am Layla and a long time lurker... I was sucked in by a property spruiker and am trying to fix up my portfolio....Pretty much I have done everything wrong in terms of property investment! Luckily I am now starting to surround myself with a great team and working on improving my property portfolio. It’s tough but I am learning a lot from the experts (including those on here). I own six properties. Three are in Darwin (these are neutrally geared but are worth a lot less than purchase price). Two on the Gold Coast (doing ok) and a recently purchased property in Brisbane (hopefully will do ok). I am looking forward to continuing to learn more and more and hopefully turn my portfolio into something better over time. Oh and my goal is long term hold and to start paying them down after purchase of my PPOR. Thanks Layla
I am going to buy a PPOR in the next 12-18 months. Then renovate the brisbane place to get some equity. After that I think I will just pay down the properties I have, and keep an eye on the market. As the plan is to hold for the next twenty years I am in no hurry!
Welcome to the forum @Layla. You have a great attitude. You acknowledge your past mistakes and are on a path to learn from them and become a better investor. Hats off to you. This forum has changed many people lives (myself included). Read as much as you can and ask as many questions as you want - we are a friendly crew .......mostly.