What 'mode' are you in?

Discussion in 'Investment Strategy' started by Blacky, 24th Nov, 2015.

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What mode are you in for 2016?

  1. Growth (purchasing)

    67 vote(s)
    63.2%

  2. Debt reduction/saving (but not selling)

    32 vote(s)
    30.2%

  3. Consolodation (wait and see/maybe selling)

    13 vote(s)
    12.3%
Multiple votes are allowed.
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  1. Aaron Sice

    Aaron Sice Well-Known Member

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    A VE Valiant - 1968. Great car, wife took the kids to school in it the other day.
     
    Aaron Sice, 25th Nov, 2015
    #41
  2. Azazel

    Azazel Well-Known Member

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    Right on.
    Couldn't quite read it from the photo.
     
    Azazel, 25th Nov, 2015
    #42
  3. Natedog

    Natedog Well-Known Member

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    We are currently hoarding cash and refinancing the properties that have seen some growth.

    This is to free up some equity and park it in our offset account to possibly use for our first development which will be approx 3 yrs time.
     
    Natedog, 26th Nov, 2015
    #43
  4. Ace in the Hole

    Ace in the Hole Well-Known Member

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    What's the difference between debt reduction and consolidation , (without selling) ?

    I'd say we are in consolidation mode with no intent to sell.
    Haven't bought property in about 5 years.
     
    Ace in the Hole, 26th Nov, 2015
    #44
  5. Azazel

    Azazel Well-Known Member

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    I like the Merriam-Webster definition:
    "the act or process of consolidating: the state of being consolidated"
     
    Azazel, 26th Nov, 2015
    #45
  6. ellejay

    ellejay Well-Known Member

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    Kimberley and NZ
    Planning to buy more next year but I always keep a focus on paying down debt.
     
    ellejay, 27th Nov, 2015
    #46
    D.T. and Blacky like this.
  7. Azazel

    Azazel Well-Known Member

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    Good for you @ellejay
    Always interested to hear where people are looking next?
     
    Azazel, 27th Nov, 2015
    #47
  8. Blacky

    Blacky Well-Known Member

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    Thats about my position as well.
    Always looking to buy, but like repaying debt. Its more of a debt recycle than a repayment.

    The assets increase, the net debt level doesnt (as much).

    Blacky
     
    Blacky, 27th Nov, 2015
    #48
    ellejay likes this.
  9. ellejay

    ellejay Well-Known Member

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    Depends on how much I can save, and what opportunities are around at the time.
     
    ellejay, 27th Nov, 2015
    #49
  10. Azazel

    Azazel Well-Known Member

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    Hopefully extending to outside the Melbourne city limits.
    To the Brisbane thread ;)
     
    Azazel, 27th Nov, 2015
    #50
  11. legallyblonde

    legallyblonde Well-Known Member

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    Growth mode for the next 5 to 10 years (aka until age 30-35).. then paying down debt for me... Then consider selling when I think I am ready to stop the J.O.B
     
    legallyblonde, 28th Nov, 2015
    #51
  12. D.T.

    D.T. Specialist Property Manager Business Member

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    Adelaide and Gold Coast
    Nah, she likes making money :p
     
    D.T., 28th Nov, 2015
    #52
  13. ellejay

    ellejay Well-Known Member

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    Ha ha, exactly lol!
     
    ellejay, 28th Nov, 2015
    #53
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