Need painting done in South East Queensland?

BLOG SPECIAL

My dad is doing a Property Investing In Australia blog special if anyone needs any painting done from anywhere between the Gold Coast, out to Toowoomba and up to Gympie.

For a limited time, get three rooms painted for only $700!!!

Conditions:
Includes walls and ceilings.
Standard sized rooms only.
Rooms should not need extensive repairing or pre-preparing.
Windows extra
Offer must be confirmed with a quote first.

Call Rudolf today for a free quote! 

p: (07) 54940092

e: rudolfkiss@hotmail.com

Why you should call him today:


An excellent deal!
Fully insured with BSA licence and blue card
10 years experience
Your choice of colour/, including one feature wall per room!
Free colour consultancy
Emailed quotes
Dad recently painted my house and we are very happy with the results

A relative bargain 3 bedroom home

http://www.realestate.com.au/property-house-tas-invermay-107524471

I have been keeping my eye on this suburb mainly because I have one of these in my portfolio, but this one seems just that little bit nicer. A bargain I think, and probably a little bit negotiable.

UPDATE: Well what do you know, it's under contract!

Renovation Update No. 02

Well it's been almost two weeks since the last update, and to be honest, there has been some positive progress, but still, a lot of work to complete. I have finally finished tiling around the bath, and just today I started the floor of the shower. It's looking good; the tiles Melinda picked work well together, it's a classic black and white with a bit of bling. Still, it's hard to see the light at the end of the tunnel when a small shower stopped me from working. Why it stopped me is a bit of a mystery, but my motivation is just not quite up there at the moment. 

Consolidation; the continual mind fuck.

Warning: Language warning! Ops, too late.

Sorry everyone, it's the only term I could use to actually describe how I feel pretty much day to day about my current portfolio. We are settling into our PPOR very nicely thank you very much, so much in fact, that I am thinking about consolidating our assets to pay down our current mortgage. Wouldn't that be nice? A nice little mortgage to go with my current wage, I could finally venture into that business idea I have. But then an evil annoying voice in my head tells me to stop being stupid and to wait it out; after all, it's not a sellers market. So here I am, getting mind fucked by this decision. Sell now for short term gain, or hang onto the properties for just that little bit longer, perhaps a lot longer. 

I see issues with both sides of the story. For example, selling up, as you all know, would mean 'all the eggs in one basket' so to speak, all the profit and equity sitting in our PPOR. This on the face of things is not so bad, but imagine when we come out of this slump, imagine the possible increases I could be missing out on in 3,5 perhaps 10 or 20 years time. Mindfuck indeed.

On the other hand, I REALLY want to start a business. I am CRAVING to start a business and this is starting to weight heavy. I could, at a pinch, commit the required funds, but then the doubts set in; what if it fails, what if it's just a money hungry nothing, what if it doesn't generate any income AT ALL? Doubts, failure, problems and work. So I need a buffer,and consolidation would do that nicely. 

Realistically, perhaps I need to go back to the buzz word of 2008, which, in my line of work was 'balance' and it's still very true today. I need balance, I shouldn't downsize fully, but a bit more cashflow would be great, just so I can kick off this business once and for all. Maybe I'll just sell the non-cash flow ones, or perhaps the properties that are CF- and are non performers; what to do, oh what to do?

Until next time! 

 

The real world of a property investor

Before you read this post, checkout this link:

What is your Cash Flow Position of your IPs?

Somehow I missed this thread on Somersoft until today, but I'm glad it was resurrected, because it's an important poll. If you do the quick math, you'll find that only approximately 23% of investors on the forum have a positively geared portfolio, with the balance made up of those on neutral terms and at the other pointy end of the data, 7% who are way into the negative territory. This comes as somewhat of a surprise to me, I would have thought there'd be a much higher percentage who have 'successfully' achieved the CF+ stage, but alas no, a lot are still paying out more than they are getting back. Of course looking at this data in its singularity is flawed and, as I have here, it's easy to jump to conclusions without seeing the whole picture. For example, those on negative geared portfolios may have properties performing extremely high in terms of capital gain. Those with CF+ portfolios could have one small unit returning $10/week profit. Perhaps there could be a better way to calculate a number to indicate with greater depth the true worth of their portfolios.
Something for me to think about and perhaps come back to in the future.

Renovation Update

I'm a bit tired as I sit here, ready to write a short piece, just to let you know how things have progressed since the great up-root and demolishment of the bathroom and toilet in my last post. 

The good news is, we have a functioning toilet. The room is almost finished with a bit more grouting to do, but overall, very happy with the crap room.

The not so good news is, there is still plenty to do in the bathroom. The bath in particular is throwing up all sort of weird and wonderful issues for me to solve, but for some unfortunate reason, I am going to have to cut both the top and bottom of the back of the bath under the window. I know, I know, somewhere along the line it just wasn't to be, but one part of the room had to bite the bullet and this was it; it kind of defeats the purpose of having larger tiles, but this is how it's going to have to be. I will post some pore pics when everything is getting a bit closer to completion.

Ciao