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

  1. tomlemke

    tomlemke Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    357
    Location:
    Newcastle
    Hey everyone my names Tom another one from somersoft!
    I'am 24 from newcastle bought my first place at 20 and have
    been hooked ever since. After finding somersoft when i was
    off work after dislocating/ fracturing my ankle it defiantly
    changed the way i think. Ive tried to purchase one place a year
    since i started. Portfolio is currently worth 2.5m @ 65% lvr which is
    330 p/w positive after costs. Plan is to keep accumulating neutral /
    positive places until i hit 5m in assets will then hold until doubles.
     
    Last edited: 22nd Jun, 2015
    Biz and Gockie like this.
  2. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Canberra and Sydney
    G'day stranger :)
     
  3. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    Hey Tom.

    Look at that, another "silver lining" story.

    Looking forward to my next injury :)
     
  4. Brian84

    Brian84 Well-Known Member

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    Sydney
    Hey tom,

    I got hooked on somersoft when I had an accident at work last year in October. I'm still off work now and I have learnt heaps from the forum.

    I am yet to purchase an ip because I'm on compo and banks won't lend me money but hope to buy something in November this year.

    Good luck with your investing.
     
  5. Redom

    Redom Mortgage Broker Business Member

    Joined:
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    Location:
    Sydney (West) and Canberra
    Hey Tom - great that you've jumped on this! Always enjoyed reading your posts/story, + its great to have see young investors doing amazing things.

    Cheers,
    Redom
     
  6. tomlemke

    tomlemke Well-Known Member

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    Location:
    Newcastle
    Thanks brian sounds like we were in a similar position, i tried getting approval whilst i was on income protection but didn't have much luck! i spent every second i had on here and after 4 1/2 months off work i purchased ip4 2 weeks after going back to work then ip5 a month later so hopefully this gives you some hope : )
    all the best with it!
     
    Brian84 likes this.
  7. tomlemke

    tomlemke Well-Known Member

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    hey jamie all my friends are loving you thanks for looking after them : )
     
  8. tomlemke

    tomlemke Well-Known Member

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    Location:
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    Thanks Redom same back at you always find your posts very helpful!
    The way the markets moving in newcastle and brisbane at the moment
    i should have plenty of equity to play with once i get back from europe : )
     
  9. tomlemke

    tomlemke Well-Known Member

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    Location:
    Newcastle
     
  10. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
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    Location:
    Canberra and Sydney
    My pleasure - they've all been great to work with.

    Cheers

    Jamie
     
  11. Brian84

    Brian84 Well-Known Member

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    Location:
    Sydney
    Thanks Tom. There is hope yet. I'm eager to get started with investing. I am hoping to buy one by the end of the year and then keep buying n the new year.
     
  12. tomlemke

    tomlemke Well-Known Member

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    just spend as much time as you can learning on somersoft or here, asks heaps of questions , reach out to fellow members and start getting your team together : )
     
  13. Brian84

    Brian84 Well-Known Member

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    Yea I have been asking heaps of questions and have learnt a lot on somersoft and also went to one of the meet ups in western sydney and met some great people there. I know I will get something soon. I have my areas that I want to buy in. I hope it doesn't move to much before I get a chance to purchase an ip
     
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  14. Brian84

    Brian84 Well-Known Member

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    How did you do your injury
     
  15. tomlemke

    tomlemke Well-Known Member

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    Fell 6meters when i was putting gutter up at home and landed on the driveway : (
     
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  16. Azazel

    Azazel Well-Known Member

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    Hey Tom, sorry to hear about the injury, but $330/wk sounds like a good start!
     
  17. Brian84

    Brian84 Well-Known Member

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    That's gotta suck. I was on a balcony when it collapsed and fell from the first floor onto the concrete and broke 4 bones in my foot/heel.

    Sounds like you scored well with the property to get one that is that much positive cash flow. I would love a property like that.
     
  18. tomlemke

    tomlemke Well-Known Member

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    thanks azazel just put more detail in my introductions : )
     
  19. Biz

    Biz Well-Known Member

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    Location:
    Sydney
    2.5 mil portfolio @ 65% lvr at the age of 24.

    You're gonna kill it mate.
     
  20. tomlemke

    tomlemke Well-Known Member

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    Location:
    Newcastle
    that sounds horrific hopefully that was while you were at work? I wish I could find 1 property that is that positive! that's from 4 ips