Timeline, milestones.

Two kids and you went on an IP spree. Was the baby bonus a few million?

 

It wasn't twobobsworth who said he avoided land tax. It was JesseT.

 

No Intent at all just pointing out that all the posts if graphed are all rising curves and life aint like that.
Nobody has posted something like:
1965 Born
1985 married
1986 1st child
1987 first PPOR
2000 1st IP
2001 2nd IP
2003 IP's 3 an 4
2008 divorce..... lost 80% of portfolio or sometimes everything
2009 renting...
Like you said in another post not everything is planned.

 

I still don't get it. The thread is about milestones. If someone got divorced or whatever and lost a part of their portfolio then let their time line show that. If no one has shown that then it means they haven't lost it. Whats the point of that post?

 

Post edited, my mistake.
Ill informed somewhere down the line that 6 properties in any state meant land tax, positive real estate seminar?

I have now researched the land tax thresholds to find NSW's combined land tax threshold is $432,000 and QLD is $600,000.

 

1981 - Born
1994 - started casual work (saving $$)
1998 - finished high school
1999 - 2000 - travelled overseas and spent all my $$$ but had a ball!
2001 - 2003 rented
2004 - married
2004 - built PPOR
2008 - daughter born
2010 - PPOR sold (nice cash profit of $110K)
2010 - purchased PPOR
2011 - divorced...
2012 - started working in a credit union - love it!
2013 - purchased PPOR
2015 - joined property chat.... now keen to get my first IP!

 

Sorry to hear but thats my worst nightmare.

Imagine working your whole life building up an empire like this and someone takes it all and you have to start from scratch.

Thats life though I guess isnt it

 

I'm sure there are many people in this situation unfortunately. Maybe there aren't many posted time lines like this due to the age of the average poster. I'm sure there's many people in there 40's and 50's in this situation.

 

Or just got a very strong reason to "solve the money problem".

 

If my fiancee and I did ever break up (which I don't foresee happening), I'm 99% sure that it would be amicable and we'd just split the portfolio down the middle. So worst case, I'd have 5 IPs and nowhere to live.

Obviously it's not something I would want to happen, but it's something that I could recover from financially.

In our case, I think it's a big benefit that we'll have a substantial cashflow positive portfolio by the time we have children. This way we won't have to sell up if she goes on maternity leave or I lose my job.

 

Born 88
Bought 1st ip in 2008

Kept saving and paying down debt

Bought second IP2 in 2012 no idea what I was doing cba cross collaterised loans

Invested some money in a Unit trust with family in 2012 hopefully the land will be rezoned soon and bring substantial profit.

Started reading Somersoft forums, wish I had earlier would have given me some idea of what to do

Bought IP3 best buy I have done bought far below market value was just at right place at right time also get silly amount of rent for it over 12% return on purchase price.

Big renovation on IP1

Sold IP 2 as it was such a dump and did not fit my strategy also gets rid of the cross colaterisation and freed me up to buy


IP 4 (now 3) which I plan to subdivide and keep original house and possibly build new house to rent out.

Wish I had invested in other states than SA nothing happened here in the 7 years I have been investing.

Like I said wish I had learned of Somersoft earlier. I would be in a better position. Maybe I would have invested in Sydney ...but on the other hand maybe I would have bought more IPs where prices have declined..

Now I am in a good cashflow position to buy many IPs.

I plan to buy in Brisbane to get good growth and continue buying in Adelaide where I know can find good yeilds.

Hopefully my land gets rezoned in the next 5 years and I am sitting on mini gold mine

Sorry for long post!

 

As Jonny Cashflow said, sorry for long post!

1980 Born
2002 Met Love of Life
2006 Graduated Uni as a Beancounter after farting around with a couple of uni degrees and full time work
2008 Purchased PPOR
2009 Became CPA
2010 Moved to WA with employer, PPOR to IP
2011 Purchased IP 1 in WA
2011 Purchased IP 2 in WA
2012 Returned to Brisbane with same employer and married Love of Life
2012 Purchased IP4 (splitter block BCC) and moved in.
2013 Took long term leave due to serious back injury, had surgery 1 in Nov and then 2 Dec due to complications
2013 Purchased IP5 and IP6 (both splitters in BCC),
2014 Had surgery 3 in very miserable circumstances early Jan, rehab until mid 2014
2014 Completed IP4 construction - sold both homes
2014 Sold PPOR, IP1 and IP2. Made average profit on PPOR due to floods, but a significant profit on IP1 and IP2.
2014 Purchased IP7 and IP8 (both splitters in BCC),
2014 Completed IP5 construction - sold one rented one
2015 Firstborn (Little girl) – happy and healthy. Best achievement yet!
2015 Purchased IP9 (splitter BCC), IP10 (JV splitter BCC) and IP11 (JV DA splitter BCC)
2015 Completed IP6 construction - sold one, rented one
2015 Completing IP7 in Sept/Oct, rent one, live in one.
2015 Began construction of two homes on IP8 July, scheduled 2016, keep both
2015 Completed DA on IP11, begin construction September/October, scheduled 2016 sell both
2015 Begin construction on IP10 October/November, scheduled 2016 – rent one sell one
2015 Move into new home. Settle for a while and enjoy life!

 

1984- born
2006- graduated uni
2007- started first job, bought PPOR
2011- sold PPOR, went overseas
2014- got engaged, came back from overseas, bought PPOR
2015- bought IP1

 

@WilliamB, cracking pace you're setting!

 

1986 Born
2008 Graduated uni + started full time job
2009 Being a Stupid kid wasting money on cars
2010 first IP - hated so much
2011 Still a stupid kid wasting money on cars
2012 Still a stupid kid wasting money on cars
2013 bought second IP, starting to regret wasting money on stupid things
2014 bought Third IP
2015 Bought fourth IP
2015 Stupid APRA stopping from buying fifth IP
2016 Maybe another IP or PPOR

 

1990 Born
2008 Finished High School
2009 Started full time work
2011 First IP (learnt MANY lessons)
2012 Bought PPOR with friend, converted to IP in 2014
2015 Stepped down to PPT at work to study full time
2015 Hopefully buy another 1 - 2 properties with investment partner

 

Anyone born in the 1990's feels so young. Well done Kael.

 

1984 - Born
2004 - IP1 Sydney
2010 - IP2 Sydney
2013 - IP3 Regional
2013 - IP4 Newcastle
2013 - IP5 Newcastle
2014 - IP6 Brisbane
2014 - IP7 Brisbane
2014 - IP8 Brisbane
2014 - IP9 Brisbane
2015 - IP10 Brisbane
2015 - IP11 Brisbane
2015 - IP12 Brisbane
2015 - IP13 Brisbane (SMSF Purchase with folks)
2015 - IP14 Brisbane (SMSF Purchase with folks)
2015 - Quit corporate job
2015 - Start own business

 

Started the new broker company already, Michael?

 

As for my contribution:
November 1988 - Born
November 2011 - IP 1 - unit
November 2014 - PPOR - house
June 2015 - Engaged - partner brings in as above

Will move into PPOR post-Wedding in Dec 2016 - currently tenanted.