Join Australia's most dynamic and respected property investment community

one year on

Discussion in 'Introductions' started by samiam, 1st Oct, 2016.

  1. samiam

    samiam Well-Known Member

    Joined:
    5th Sep, 2015
    Posts:
    526
    Location:
    on my way
    joined PC a year ago and just looking back a mile stone..learned a lot from here and also met a few nice and helpful people.. I like to think that the game changer was @Steven Ryan, awesome broker... and to overcome analysis paralysis... now after 4ips, the rest is the history... whatever the future holds... thank you all :)
     
    Last edited: 1st Oct, 2016
  2. Otie

    Otie Well-Known Member

    Joined:
    26th Mar, 2016
    Posts:
    289
    Location:
    Vic
    Good on you:) could you share a bit more about your journey so far? We have just bought our first and are renovating at the moment before our first tenants go in. I'm interested to here more !
     
    samiam likes this.
  3. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,220
    Location:
    At work
    Where/what did you end up buying @samiam?
     
    samiam likes this.
  4. Hodor

    Hodor Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    742
    Location:
    Homeless
    4 IPs is an awesome achievement. Be great if you could share your journey and insights.
     
    samiam likes this.
  5. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

    Joined:
    9th Jul, 2015
    Posts:
    1,078
    Location:
    Perth
    Often all it takes is someone to guide you through what you are already capable of but didnt realise.
     
    Iamnumber5, samiam, vbplease and 2 others like this.
  6. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,781
    Location:
    Perth WA
    Well done, that's great! Did you buy all 4 in one year? And where did you buy?
     
    samiam likes this.
  7. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    4,925
    Location:
    Sydney
    Absolutely! Just need a mentor or guide for that little push :)
     
    samiam and Colin Rice like this.
  8. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,123
    Location:
    Kimberley and NZ
    Fantastic work, would also love to hear more if you're happy to share as well as your plans from here.
     
    samiam likes this.
  9. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,458
    Location:
    Sydney & Gold Coast
    It's been incredibly fulfilling to watch you grow and flourish.

    Makes me proud. :)
     
    Bran, samiam and MTR like this.
  10. samiam

    samiam Well-Known Member

    Joined:
    5th Sep, 2015
    Posts:
    526
    Location:
    on my way
    Thank you all.
    I just posted it not to brag but hoping it would help somebody out there in analysis paralysis. I stumbled on Somersoft/PC while researching whether I should buy otp at parramatta; of course decided against it and ended up spending hours on PC, learnt about refinancing, tax tips and more. I spent 4-5 months asking questions here and there and finally decided to contact a broker with an investor mind. And yes I got that little push ;)
    We already got a unit in western Sydney which was our ppor, now ip. We refinanced it for ip deposits. We have reasonably paid day jobs which helps with our servicibility. We are heavily leveraged though as we just started.
    We bought 2 in Brisbane early in the year and now in the process of buying 1 in Newcastle. We bought for a very long term hold and hope they would grow steadily. Yes we were late in the Sydney game but if we didn't act on, we were probably be the same as one year ago.. working day in and day out saving every penny to pay off ppor...
    Our next plan is to develop in Newcastle (not for 1-2 years) and pick up a Reno in Newcastle/somewhere once we save up more deposit.
    If somebody out there thinking should buy or shouldn't buy, just do it after DD and embrace whatever it comes next!
     
    Last edited: 2nd Oct, 2016
    Gockie, Bran and MTR like this.
  11. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,220
    Location:
    At work
    Where in Bris? I'm guessing Moreton
     
  12. samiam

    samiam Well-Known Member

    Joined:
    5th Sep, 2015
    Posts:
    526
    Location:
    on my way
    Moorooka of course as I team up with Steven :p
     
    Bran likes this.