How many people get above average returns over the long term?

tech/a · 27 September 2023

eskys said:
I take it you're younger, tech. We started in our mid 20s, young and green but with plenty of energy and enthusiasm....for my part, never thought the sky would fall down, and luckily, it didn't.

Well if your 80 then yes Im younger. (69).

In 1995 it was a no brainer. I used the equity in my then Girlfriend home to buy First IP. 4 Bed $90K the rent return covered the Interest.
In 2 years the increased equity in Both meant we could buy 2 more again Rent covered Mortgage and so that went on until we had 10.
We did get married and still are we make a formidable team.

Started selling in 2008 (Sold and bought) Now have 4 Fair sized and best properties Freehold with a rent roll of 6 figures a year.
So you can see the liquidated value would be/is substantial.
Still working as I love the opportunities in my field (Civil Construction) plus I get bored easily but can get away pretty when I want-- . My Company serves me well (rwi.com.au if you are remotely interested in our specialty).

eskys · 27 September 2023

I'm not 80 yet, haha.

You''ve done very well, tech, congratulations.

I like the blue chip tenants, but properties in that space is now very expensive. Best to buy when rates are high, returns are better, and when others worry about rising rates or those over committed and unable to service their loans. (properties are still very expensive at the moment, talk of the bubble, but I am not seeing any bubble. Went to 2 auctions one weekend, both went sky high (residential)

Thanks for the link, will have a look at it...may come in useful one day, and I'll say, looking forward to a happy association if that comes to fruition. Good luck with the market.

divs4ever · 27 September 2023

eskys said:
Couldn't have written that better, myself.

I take it you're younger, tech. We started in our mid 20s, young and green but with plenty of energy and enthusiasm....for my part, never thought the sky would fall down, and luckily, it didn't.

Second paragraph, spot on. Manager rang, said they are having this one over us...was serviced last year by a different mob, nothing said. And, she said, why are they suddenly talking about the air conditioner when the unit has nothing to do with the renovation....it's a case of mates looking after mates, it's done everywhere. Just look at the threads yesterday and today....happens all the time........so I leave it to our manager's discretion....she's young, but learning fast (in a different profession prior to this)

Divs, if it's insurance, you needn't panic....just tell the insurer you aren't happy if they don't do it right.
We had a leaking roof once....whoever installed the roof had the pins or screws on the valley of the corrugated roof...have to wonder where some tradies come from.

Don't you like this market? Going nowhere.....so long as it holds a pattern, and we follow it...low in the mornings, work it's way up, can't be bad, can it?

it's the reverse , everytime the insurer tries to repair stuff , the costs blow out ( including paying for a 3 year stint in a hotel ( for the previous repairs , caused by an earlier repairs)

went on so long the hotel staff thought we had bought the rooms

How many people get above average returns over the long term?

tech/a

No Ordinary Duck

eskys

divs4ever

Similar threads

How many people get above average returns over the long term?

tech/a

No Ordinary Duck

eskys

divs4ever

Similar threads

Privacy & Transparency

Privacy & Transparency