How Much Cash Flow Do You Generate Today???

Discussion in 'Investment Strategy' started by MTR, 29th Jun, 2017.

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  1. Scott No Mates

    Scott No Mates Well-Known Member

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    4 'new' retreads on the 180B.
     
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  2. Beano

    Beano Well-Known Member

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    Datsun 180b ...that car is a legend
     
  3. Sackie

    Sackie Well-Known Member

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    You would be good at stand up :p
     
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  4. el caballo

    el caballo Well-Known Member

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    Superb @Harry30, just superb.

    Can I ask what was the initial catalyst(s) for purchasing so relatively young? eg. mentor, relative involved in property investment, youthful ingenuity .... A work colleague of mine did a similar thing to you when he 20 - when I asked him, he advised it was his uncle who "forced" him into it, and he was very reluctant to do it at the time.

    Regards
    Greg
     
  5. Harry30

    Harry30 Well-Known Member

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    Lifestyle really. When I moved out of home, and finished uni, I stayed in a share place with 5 others. 18 months later and the arguments were doing my head in, including with the landlord. Wanted to be my ‘own boss’ and not answer to anyone, not even a landlord. So scrimped and saved a deposit, and have not looked back.
     
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  6. MTR

    MTR Well-Known Member

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    Melb property......has been such a great performer over the last decade at least 2 boom cycles. Be curious where the property valued at $1.8M?

    I have purchased and sold at least 10 properties during this cycle. be interesting to do the sums if I had held them all.... then again, I best not:p

    Any way of adding any value to this property to add income?? just throwing it out there

    MTR:)
     
    Last edited: 14th May, 2018
  7. el caballo

    el caballo Well-Known Member

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    Turned lemons into lemonade ...
     
  8. Silverson

    Silverson Well-Known Member

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    If you had held the sites and not even developed, literally just held, where do you think you'd be at today?
    I was doing the sums on some cars I owned, I bought and sold over the years, I would of made triple what I did if I had just held, but truth be told it would be difficult as you need to store cars somewhere.
     
  9. Beano

    Beano Well-Known Member

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    It is always hard to work out how things would be if you held or brought different properties
    All I know is CF+ properties allow you to have a larger portfolio than a CF- would have
    (unless you are on a very high salary you soon run out of cash or will to support a CF- portfolio)
     
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  10. MTR

    MTR Well-Known Member

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    goodbye day job:)
     
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  11. Beano

    Beano Well-Known Member

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    Yes with a cf+ you do not need a job
     
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  12. Harry30

    Harry30 Well-Known Member

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    Bentleigh East. Got a big kick along with the so-called McKinnon Secondary College zone. Re adding value, only option is really knock house down and build side by side double story units. (It is a old house, hence poor yield). Have looked at this, build costs about $700k each ($1.4m), units would sell for about $1.6m-$1.8m each ($3.6m). ~$2.2m proceeds - $1.8m (existing value) = 400k profit. After CGT, you go backwards.
     
  13. Harry30

    Harry30 Well-Known Member

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    I entirely agree with this point. Need a mix of both to sustain you.
     
  14. MTR

    MTR Well-Known Member

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    Interesting, sometimes DA approval onsell can work well

    Friend just did this in Bentleigh East, Hill Street, managed to get DA approval for 4 townhouses, sold within 9 months for nice profit.
     
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  15. Chabs

    Chabs Well-Known Member

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    @Beano , in a situation where there are not many CF+ properties on the market, is it best to pump up your cash savings account for the next dip? Feels like asset values everywhere are sky high as people look for places to park capital.
     
  16. Beano

    Beano Well-Known Member

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    Not so many in residential but plenty in commercial
     
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  17. C-mac

    C-mac Well-Known Member

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    Some awesome success stories to read here!

    My position is still in early stages really. Pre-taxman and pre-depreciation my portfolio costs me about $8K per year to hold. I think this FY after tax/depreciation itll be a CF+ outcome.

    A few planned rent increases over the next 6 months could help this along, as well as adding some savings to offsets over this time.

    Like others, I can't see much value in most locations in Australia right now, plus of course the lending environment is trickier. Still, lets see how it all goes. I have healthy enough offsets to act quickly (pending lending approvals) should an opportunity arise that is worthwhile in order to expand my position.
     
  18. CTSB

    CTSB Well-Known Member

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    Any chance you could PM me your email? I'm a novice when it comes to the Us market, would love an experienced mind to pick.
     
  19. MTR

    MTR Well-Known Member

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    Search/ Read also
    @Karina @GentleChief
     
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  20. GentleChief

    GentleChief Well-Known Member

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    Thank you Marisa,
    I appreciate it,