The journey has begun ;)

Discussion in 'Investor Stories & Showcase' started by Dan Donoghue, 30th Oct, 2016.

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  1. Dan Donoghue

    Dan Donoghue Well-Known Member

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    So this weekend we flew to the Gold Coast and bid at an auction. I'm pleased to report we won and we paid less than the limit we set ourselves :).

    We had my parents there for support and two forum members who we quite frankly would not have nailed the auction as well as we did without their advice and guidance.

    I am continually reminded what an amazing part of the internet this forum is, the genuine kindness afforded me by you all but in particular the two people who helped me today blows my mind. Great investors, great friends and amazing mentors :).

    Thanks guys (you know who you are, I didn't know if you wanted mentioning or not :))
     
    Dan Donoghue, 30th Oct, 2016
    #1
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  2. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Oh and I know most of you like numbers so without including the depreciation schedule the yield is 4.4%
     
    Dan Donoghue, 30th Oct, 2016
    #2
  3. sharon

    sharon Well-Known Member

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    Congrats on the win.
     
    sharon, 30th Oct, 2016
    #3
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  4. Sackie

    Sackie Well-Known Member

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    Well done buddy. ;)
     
    Sackie, 30th Oct, 2016
    #4
  5. wombat777

    wombat777 Well-Known Member

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    Great stuff! Noticed you asking questions on the forum in prep for the auction.

    No need to disclose the location, but what were the main reasons for buying this specific property?
     
    wombat777, 30th Oct, 2016
    #5
  6. Dan Donoghue

    Dan Donoghue Well-Known Member

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    It will become our PPOR in the next 2 years or so and our current PPOR will become the IP :). The house ticked every single box for us and we did our sums on what would work for us and we got the place for a shave under that figure, when the only other bidder dropped her increment to five hundred bucks I knew I had her and we still had a few more thousand in the tanks :).

    What a thrill though, probably one of the best experiences of my life :)
     
    Dan Donoghue, 30th Oct, 2016
    #6
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  7. wombat777

    wombat777 Well-Known Member

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    Certainly explains why you put effort into preparing for the auction. It certainly would have had the adrenalin pumping.
     
    wombat777, 30th Oct, 2016
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  8. larrylarry

    larrylarry Well-Known Member

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    Congratulations! good news.
     
    larrylarry, 30th Oct, 2016
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  9. KJB

    KJB Well-Known Member

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    Nice one mate!! All the best going forward too :)
     
    KJB, 30th Oct, 2016
    #9
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  10. Aconis

    Aconis Well-Known Member

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    Great to hear, well done.
     
    Aconis, 30th Oct, 2016
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  11. Cactus

    Cactus Well-Known Member

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    Good one!:)
     
    Cactus, 30th Oct, 2016
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  12. Yson

    Yson Well-Known Member

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    Cong
     
    Yson, 30th Oct, 2016
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  13. Heinz57

    Heinz57 Well-Known Member

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    ...ratulations!
     
    Heinz57, 30th Oct, 2016
    #13
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  14. Realist35

    Realist35 Well-Known Member

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    Well done:). Good luck!
     
    Realist35, 30th Oct, 2016
    #14
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  15. hammer

    hammer Well-Known Member

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    Nice Work! Congrats!
     
    hammer, 30th Oct, 2016
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  16. Coota9

    Coota9 Well-Known Member

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    Big congrats Dan.
     
    Coota9, 30th Oct, 2016
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  17. Sonamic

    Sonamic Well-Known Member

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    Welcome aboard the gravy train.;) Allegedly. . . . .
     
    Sonamic, 30th Oct, 2016
    #17
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  18. Gockie

    Gockie Life is good ☺️ Premium Member

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    Noice!
     
    Gockie, 30th Oct, 2016
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  19. dabbler

    dabbler Well-Known Member

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    Welcome to the "club" lol.....

    Bit nerve wracking at times.....
     
    dabbler, 30th Oct, 2016
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  20. Bran

    Bran Well-Known Member

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    Knowing the property, yield isn't where the money is (CG!!). As such, I wonder if you shouldnt find a way to move in and make it your PPOR from the outset... CGT considerations, investment stamp duty, etc.

    Pretty great that you weren't bidding against my old man :) might have cost you a few more bucks
     
    Bran, 30th Oct, 2016
    #20
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