How will you fine tune your strategy over the next 12 months

2017.......... interesting times, we have finance tightening, however investors are continuing to dominate markets, investor loan stats still much higher than home owner loans.

Markets in general are still chugging along, what's your next move???

My focus is simply to increase cash flow, cash flow and more cash flow, cant get enough

Plan is to do this with property developing, renovating, business, and commercial property.

What about YOU

 

More of the same from 2016, but unfortunately I think the new job will suck more of my time from focusing on my own stuff...

I'm starting to think 2017 in Melbourne will be almost as good to us as 2016 was.

 

My next move is to move into new ppor, build my fencing and get horses.

As for property investing, I sold 1 last year to end up with a good little mortgage of $1300pm, and will probably sell a Sydney asset to make the mortgage $0. Got some development holdings to build, rest of the portfolio is CF+ so no real need to buy more for the sake of it.

Prefer to help others with property investing these days, being a BA is fulfilling in that I can live vicariously through my clients

 

My next move is to twiddle thumbs as basically a combination of lending controls and airbnb income policies mean my serviceability is shot for the short term future.

 

I think you could fine tune it by winning The Block and increasing your earnings that way

 

Wow sounds like you're going well, well done.

We're busy renovating a couple of outer suburbs properties to redeploy capital into Adelaide's rising markets whilst also growing our business. Week needs more days in it!

 

I am almost certain that 2017 for Melb will be a very strong market

 

RAMS

 

Sell one IP in Sydney. Finish subdivision and project home build in long jetty and sell both. With 3 sales (assuming the market doesn't crash in the next 6-8 months) will have a go chunk of cash to sit tight and relax for a year or 2 (in which time hopefully Brisbane goes well).

Hopefully Muswellbrook shows some life towards the end of the year to get rid of that dud IP to improve serviceability.

 

Sounds good, get rid of the dud

 

Commercial for Cash !!!

 

Increase cash flow (study for more job income) and save every cent to reduce non-deductible debt.

 

I've just bought my first in Vic, so for now, I'll be building up the buffers again and investing in my career. I'm about due for an employer change as I'm starting to stagnate, hopefully the change will be accompanied by a big raise. Will hopefully be able to buy again by the end of the year.

 

1. Refinance and buy more property in the US (Sacramento).
2. Grow cashflow by expanding side business (which earns more than work).
3. Talk to Dave about buying a place in Adelaide? Or maybe just talk KFC.

Focus is in multi-family/multi-dwelling properties (Commercial). No longer looking at single-family homes.

 

Nice, can you share what you have purchased in Sacramento??
Multi Family/Multi Dwelling is this in USA??

MTR

 

First was more of a family purchase to help out fam (financial responsibility wasn't genetic). Nothing fancy. Single-family US $117k revalued at $155k. $1200/month rent.

Am currently refinancing and will be sending more to the US. Sacramento market is going through a boom. Possibly at peak. Am looking for more humble returns than Atlanta (family reasons again) though am reading your posts and have been on bigger pockets absorbing as much as I can.

Was going to reach out to you again soon but wanted to know more before requesting some of your valuable time. Would that be okay?

Multi-family everywhere now.
Multi-dwelling is in Sydney. It's part of my business, more of a private chat however currently at $2000+/week cashflow positive.

 

I won't be fine tuning my strategy this year. The current reno is still not done and the townhouse build is pad down, so that is steaming ahead now. My only plans for this year are: finish the reno, finish the build, have a rest!

Reevaluate after that. Who knows, I might start an investment company and buy some cash cows in the 'Liz! lol

 

Do you work for a small company?

 

Build my PPOR, rip out all the equity, even going to pay a little LMI I've decided.

Then going to hire my brother in-law to work for me full time and going to have a crack at flipping a Couple of properies.

 

My next move is to move into the new PPOR at the end of the year. Convert the current PPOR to IP, Draw all available equity out of it and purchase IP2.

If I am honest I have a lot to learn, IP1 (to become PPOR) we did well on the price but it wasn't a wise investment decision (area yes, cheese shaped block and already over renovated, not so much) it wasn't meant to be the best investment decision, it was always going to become PPOR but future purchases are IP's so my decisions will need to be a bit stricter and less emotional. I would like to try my hand at improving something myself but I think that is a number of years off. It may be a case of buy something that is just "okay" then hold for 10 or so years until the plan comes to a close, reno it then sell it freshly reno'd, I have no idea at this point but the things I have plenty of is time and people to help advise me (that's you guys ).