Timeline, milestones.

Finished Hike School 1998
Finished First Degree 2001
Finished Second Degree 2005
Bought first PPOR 2007
Started specialty training 2008
Bought next PPOR 2010 (kept 1st)
Kid 1 2010
Finished speciality training 2012
Kid 2 2013
Started subspecialty training 2013
Finished subspecialty training 2014 (so, 16 years of uninterrupted study/training to get to this point)
Bought next PPOR (kept both others)
Started private practice 2015
Kid 3 02/2015
More IPs coming asap
?Dev
?CIP

 

Sounds like fun!

 

1990 - Born in Melb
Starterd working 2 jobs when I could and completed uni in 2011
2012 - IP1 Melb 20km east $360K pp
2012 Got a job working full time and also part time on the weekends
2013 Mar - IP2 Melb 20km east $440K pp
2013 Dec - IP3 Melb 10km north $396K pp
2014 Oct - IP4 Ballarat $175K pp
2014 Oct - IP5 Ballarat $168K pp
2015 Oct - Sold IP3 for $600K
2016 Feb - Due to settle IP6 Melb 18 km east $520K pp
Just keep buying in good solid capital growth areas so long as the bank is willing to lend more $

 

I find this very fascinating as well and do keep track with an online diary of what the big milestones are in our years as it helps me see the big picture of what we are doing.

2011- IP1, also went overseas (5weeks)
2012- IP2, also got married and went on a honeymoon (2 weeks overseas)
2013- bought an IP in the SMSF, also went overseas (4 weeks)
2014 - IP3, also went overseas (9weeks)
2015 - no property purchase, but started a business and paid paid off a big CGT loss from a previous poor investment.

We don't own our own PPOR, we rent but this works for us and our plans/goals.

 

1992 - Born
2007 - Started first P/T job
2009 - Finished high school
2013 - Finished Eng. Degree
2014 Mar - Started first FT Eng. job
2014 May - Deposit down on OTP PPOR (future IP)
2015 July - Settled PPOR/moved in $360k
2015 Nov - Bought IP1 $470k
2015 Dec - Completed IP1 renovation
2015 Dec - Resigned current job
2016 Jan - Start new job

 

Billy Madison

"I can't wait til I go to hike school"

"Don't you say that, don't you every say that!"

 

I have just recently started (the last 6 months) actively reading this forum again and have remembered why it's such a valuable resource. I came across this gem of a post and thought to myself how much has changed since I first posted on it (life really throws some curveballs) and was wondering how everyone was tracking that originally posted on the thread especially some of the sommersoft OG's ???

2014 (Baby Girl)
2016 Career
2017 Separation/ Divorce
2017 Introduced to Bitcoin/ Bought
2018 Legal Proceedings
2019 Legal Proceedings
2020 Joint Custody with Parents
2021 Career
2022 IP 1 again (coming soon)

 

7 Years on

1991- Born
2014 - Move to Melbourne
2015 - IP 1 Sunshine Coast
2018 - Move back to Sunshine Coast
2018- Start new Business as a Mortgage Broker
2019- Proposed to partner got engaged
2020- Buy PPOR Buderim, Sunshine Coast (2nd Property) and postpone wedding 1 due to COVID-19
2021 - Buy IP 2 (3rd Prop) in Brisbane and postponed Wedding 2 Due to COVID-19
2022- Postponed wedding 3 due to COVID-19
2023 - Wedding booked and locked in for March. Honeymoon OS and then look at IP 3 late 2023.

 

Good to reflect on what's happened in the past 7 years, time flies.
Have definitely slowed things down compared to the aggressive start.

2017 - Sold business which started in 2005.
2017 - Bought a commercial property in Sydney to lease to the business we just sold.
2017 - Retired from work after 6 months handover period,
2019 - Bought a commercial property in Noosaville through SMSF.
2020 - Bought the block next door to IP1 in Sydney (planning on buying the remaining neighbouring block soon and looking for a zoning upgrade to high density).
2022 - Sold 2 of the townhouses from first Brisbane development.

 

With your experience in resi and commercial, would you err towards advising someone to buy commercial vs resi?

 

I think it's definitely a natural progression to start off with some resi before getting into commercial.
Everyone has a different situation so the best investment vehicle would be determined by this.
If I could go back and do it again I would only buy houses with development potential and industrial commercial property, to keep it simple but provide the biggest growth.

 

Which sounds similar to what you did...for the most part.

 

Nicely done sir