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Hi, newbie from Sunshine Coast

Discussion in 'Introductions' started by sunnie, 14th Dec, 2015.

  1. sunnie

    sunnie Member

    Joined:
    14th Dec, 2015
    Posts:
    11
    Location:
    Brisbane
    Hi there!

    I'm Sunnie from the Sunshine Coast, QLD.

    I'm 27 and my partner is 32, we have currently have 3 properties. He is the one with the good income and I am the one with the interest in investment so far has worked great for us.

    We have become accidental investors by purchasing PPOR and then renting them out when we buy a new one. Our strategy is buy lower end for the area, gain equity through good buying/ some renovation, rent out and hopefully hold forever!

    I am hoping to gather some great advice so we can keep moving forward in the right direction!

    Please be kind, definitely a newbie

    Cheers!
     
    Leo2413, Bran, bob shovel and 2 others like this.
  2. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,787
    Location:
    Perth WA
    3 IP's is pretty experienced for a newbie! :)

    Welcome!
     
    sunnie likes this.
  3. Ouga

    Ouga Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    375
    Location:
    "Trying is the first step towards failure" Homer
    Hi Sunnie,

    Welcome aboard! It looks like you are doing well already :)

    Glad to have you here
     
    sunnie likes this.
  4. bob shovel

    bob shovel Well-Known Member

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    18th Jun, 2015
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    Somewhere in the land of Oz
    Must be a newbie to the internet?? doing well in ip land!

    You should check out google, big things happening there! ;)
     
    Jess Peletier likes this.
  5. Mel S-F

    Mel S-F New Member

    Joined:
    10th Apr, 2016
    Posts:
    4
    Location:
    Noosa Heads
    Hi Sunnie,

    Another newbie here..

    We have just moved to the Sunshine Coast and also have 3 IPs. My husband works FIFO and I love property, so we have a little in common!!

    A huge congrats for doing so much so soon, its great to see!

    I too consider myself as a newbie, as so far we have been passive investors (buy and hold). I'd really love to become a lot more active in investing now that I have the time to dedicate. Looking at strategies other than buy and hold that may work on the coast?? We are from Melbourne so any help would be amazing as we have zero suburb knowledge.

    The only advice I have is to look at how you are structuring your finance, and whether or not you may want to buy within a company/trust in future for protection.

    Phew, first post out of the way :rolleyes:
     
    TYC and mrdobalina like this.
  6. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
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    3,229
    Location:
    At work
    Bran says welcome :)


    That was my 'strategy' until recently.
     
    Kate Moloney likes this.
  7. Foxy Moron

    Foxy Moron Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    134
    Location:
    Regional QLD
    Ticked four of my favourite boxes right there! Great job. Look forward to your contributions, particularly re activity at the Sunny Coast.
     
    Bran likes this.
  8. Kate Moloney

    Kate Moloney Well-Known Member

    Joined:
    10th Dec, 2015
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    Location:
    Australia
    Kate wonders if Bran is deliberately talking about himself in third person like that other poster.

    Welcome on board @sunnie good luck with your journey.
     
    Bran likes this.
  9. Azazel

    Azazel Well-Known Member

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    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    Gday sunnie, welcome aboard.
    Are your IP's all at the Sunshine Coast?
     
  10. col col

    col col Member

    Joined:
    1st Feb, 2016
    Posts:
    13
    Location:
    sunshine coast
    Hi Sunnie
    welcome to PC and The Sunshine Coast.
    Im a local here also so any help you need just sing out and i will do my best

    col
     
  11. DiligentPM

    DiligentPM Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    443
    Location:
    Brisbane
    Welcome Sunnier

    Amazing people, knowledge and collective experiences here to draw from. Likewise, I look forward to learning from you as well
     
  12. TYC

    TYC New Member

    Joined:
    27th Apr, 2016
    Posts:
    1
    Location:
    QLD
    Hi Sunnie,

    Welcome. Like you and @Mel S-F my wife and I are passive investors on the Sunny Coast looking to get more active. We're also "Mexicans" too having come up from Melbourne 18 months ago.

    Both in our early 30's, with 3 IP's. 2 in Melb one on Gold Coast.

    We've had the same strategy as you of buy, reno/build as PPR and then rent and hold when we move.

    Except our last project which was a vanilla 4 bed / 2 bath / DLUG build on the Gold Coast - rented from day one. That project left us knowing we needed to add more value and boost income at the start of projects or we'd quickly run out of equity and/or serviceability.

    Made lots of mistakes. Still lots to learn.

    So here we are...learning what we need to know to begin our first 'real' development project - hopefully a duplex site or splitter block on the Sunny Coast so we can keep a close eye on things.

    Would be curious to share insights.
     
    Mel S-F likes this.