How many houses did it take for you to acquire $1 million in property?

Discussion in 'Investment Strategy' started by Azazel, 19th Jun, 2015.

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How many houses did it take for you to acquire $1 million in property?

  1. 1 Ain't no thing but a chicken wing

    16 vote(s)
    7.5%

  2. 2

    48 vote(s)
    22.4%

  3. 3

    61 vote(s)
    28.5%

  4. 4

    28 vote(s)
    13.1%

  5. 5

    10 vote(s)
    4.7%

  6. 6

    1 vote(s)
    0.5%

  7. 7

    3 vote(s)
    1.4%

  8. 8

    1 vote(s)
    0.5%

  9. 10+ I'm a dinosaur

    1 vote(s)
    0.5%

  10. Not there - yet

    45 vote(s)
    21.0%
Page 2 of 8
  1. D.T.

    D.T. Specialist Property Manager Business Member

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    3rd Jun, 2015
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    Location:
    Adelaide and Gold Coast
    Being that most of mine are cheapies, it took ppor + 4 to reach the first $1mil.
     
    D.T., 19th Jun, 2015
    #21
  2. Rixter

    Rixter Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    573
    Location:
    Portfolio Perth Brisbane Sydney Melbourne
    Five properties across Perth & Brisbane to hit $1Mil. That was from 2000 to 2003.
     
    Last edited: 19th Jun, 2015
    Rixter, 19th Jun, 2015
    #22
    Taku Ekanayake likes this.
  3. Azazel

    Azazel Well-Known Member

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    Awesome, the 1st 10! Mine will be 4 to put me over I think, I'm probably the last of my kind.
    Would you mind telling us how much the $67k one is worth now?
     
    Azazel, 19th Jun, 2015
    #23
  4. skater

    skater Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
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    Location:
    Sydney? Gold Coast?
    It's still a cheapy. It's worth around $200k now.
     
    skater, 19th Jun, 2015
    #24
  5. Azazel

    Azazel Well-Known Member

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    I like the cheapies! That's still about 3x what you paid for it.
     
    Azazel, 19th Jun, 2015
    #25
    WattleIdo likes this.
  6. Azazel

    Azazel Well-Known Member

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    Woah, five 1's, this is getting serious.
     
    Azazel, 19th Jun, 2015
    #26
  7. Tonibell

    Tonibell Well-Known Member

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    Sydney
    If you count PPOR then 1 - but voted two for the next two IPs as this is an investing forum.
     
    Tonibell, 19th Jun, 2015
    #27
    Azazel likes this.
  8. Azazel

    Azazel Well-Known Member

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    Brisbane
    Yeah, probably should have made a note on the OP to say counting IPs only.
     
    Azazel, 19th Jun, 2015
    #28
  9. SonOfTrigger

    SonOfTrigger Well-Known Member

    Joined:
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    Location:
    VIC
    With resi it was probably around number 6 or 7.

    Commercial it was one and done.
     
    SonOfTrigger, 19th Jun, 2015
    #29
    Azazel likes this.
  10. Azazel

    Azazel Well-Known Member

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    Smoky & the Bandit, awesome.
     
    Azazel, 19th Jun, 2015
    #30
    Paterson00 likes this.
  11. Rixter

    Rixter Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    573
    Location:
    Portfolio Perth Brisbane Sydney Melbourne
    What year did you buy your first property DT?
     
    Rixter, 19th Jun, 2015
    #31
  12. Azazel

    Azazel Well-Known Member

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    Brisbane
    Now sitting at 60% with 3+.
     
    Azazel, 19th Jun, 2015
    #32
  13. SonOfTrigger

    SonOfTrigger Well-Known Member

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    Location:
    VIC
    My all time favourite movie. I figured after 11 years it was time for a new moniker :)
     
    SonOfTrigger, 19th Jun, 2015
    #33
  14. Azazel

    Azazel Well-Known Member

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    Brisbane
    I just watched 'A Football Life' with Mean Joe Greene, it had the scene from number 2 were the big scary black dude turns over Buford T Justice's car. Craptacular!
     
    Azazel, 19th Jun, 2015
    #34
  15. BLAIR_

    BLAIR_ Member

    Joined:
    18th Jun, 2015
    Posts:
    20
    Location:
    Perth
    I have 3 properties total. All around the 500k but the first 1 was mid 4's so took me 3 to reach 1mil.
     
    BLAIR_, 19th Jun, 2015
    #35
    Azazel likes this.
  16. wombat777

    wombat777 Well-Known Member

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    Location:
    On a Capital and Income Growth Safari
    Purchase cost of my PPOR (2013/14) and first IP (2015) total approx $1.075mill. Valuation of the two would be sitting at around $1.4mill to $1.5mill ( mainly due to the boom in Sydney lifting my PPOR value ).
     
    wombat777, 19th Jun, 2015
    #36
    Azazel likes this.
  17. WattleIdo

    WattleIdo midas touch

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    Posts:
    3,429
    Location:
    Riverina NSW
    1. 2007 = $197K now conservatively $450K
    2. 2010 = $360K now approx. $420K (too exy for me, this one)
    3. 2015 = $148K needs a good makeover to bring it to $240K

    So maybe property #4.
     
    WattleIdo, 19th Jun, 2015
    #37
    Azazel likes this.
  18. Cadbury99

    Cadbury99 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    195
    Location:
    QLD
    PPOR 952k
    IP1 360k
    IP2 400k
    IP3 249k
    IP4 335k
    IP5 251.75k
    IP6 238k
    IP7 280k
    IP8 360k
    IP9 318k

    So 2 if you include PPOR, 3 if you don't.
     
    Cadbury99, 19th Jun, 2015
    #38
    Azazel likes this.
  19. wombat777

    wombat777 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,565
    Location:
    On a Capital and Income Growth Safari
    Cadbury99, your portfolio is choc-ers
     
    wombat777, 19th Jun, 2015
    #39
    Azazel likes this.
  20. Azazel

    Azazel Well-Known Member

    Joined:
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    8,091
    Location:
    Brisbane
    Hyock hyock.
     
    Azazel, 19th Jun, 2015
    #40
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