Our 7 year property journey and unusual strategy (5.5 properties)

Hi Everyone
I’ll begin with our strategy it’s simple buy a property in each town we live to avoid the rental trap. Well that’s how it started and has evolved from there so here goes:

Town 1 house 1: Young 2014 (Partners first home)
Purchase: 3 bed home 690 m2 (established)
price $160,000
Current Value $260,000
Equity: $58,000
Rental Income: $260

Town 2 House 2: Orange 2014 (My first home)
Purchase: 2 bed unit (established)
Price: $222,000
Current Value $340,000
Equity: $70,000
Rental Income $300

Town 3 House 3: Griffith 2016
Purchase: 4 bed 700 m2 (established)
Price $300,000
Current Value $440,000
Equity: $98,000
Rental Income: $390

Town 4 House 4: ACT 2019 (Current PPOR)
Purchase: 3 bed 250 m2 (New build)
Price: $536,000
Current Value: $650,000
Equity: $150,000

Town 4 House 5: ACT 2020 (Current build, breaking the trend to house extended family)
Purchase: 5 bed Dual living self contained unit 455 m2
Price $950,000
Current Value: 1,100,000 (Estimate upon completion)
Equity: $390,000

That’s the portfolio and the end of acquisition (We think). Now obviously there is a lot more to it like incomes, dept, gearing, LVR how we managed to purchase using equity and so forth but that would take a lot more explaining perhaps later on but I’ll leave this intro with this....

We work very hard and take lots of risks all in the hope to give our kids a good future and ourselves a self funded retirement, just a normal everyday family.

P.S Please be nice.

 

I read a similar story from a couple who were in the military and moved around on the regular and bought a property each place they went, they didn't intend to be property investors, however, ended up with half a dozen properties by 'default". Doesn't matter how you do it really, it's the end result that counts so well done on your accumulation phase.

 

Mrs Somers was a maths teacher , with a generous spirit, she started the precursor this forum.
I hope this helps

 

2.8m gross with lvr of 70%. Nice portfolio. Just holding it for another 20 years and you will really see the results.

a few ideas might be consider shares for diversification, liquidity and income, and what you want (and how - look at estate planning) to leave the kids.

 

Congratulations on your success so far, it is inspirational stuff! It goes to show what one can achieve if you are willing to put your head down and work.