Hello SS
I thought i would make a post and get some opinions from a lot of experienced investors and people who have gone before me down this road .
This is my first post after spending almost 3 years lurking the forum ,mainly educating myself on property finance and accounting .
I am 23y/o 50k salary no dependents and live like a monk !
I have recently refinanced and have 90k in undrawn funds in a term loan
I currently own 3 IP and roughly a net work of 120k and a cash shortfall of 4k P/A
My serviceability is extremely tight and prob evan more so after APRAs intervention .
My goal is to have enough equity to purchase 1 or 2 CIP with long term tenants to exit work with excessive passive cash flow so i basically need 500k-700k for these purchases as I would not buy a second tier CIP but only a quality one with long term tenants .
Option 1 Purchase an I/P on a development site for aprx 300k either build on the new allotment or sell before build whichever is more profitable . I believe this would greatly enhance my equity position and i would gain a lot of skill in development but being new to development it also carries some risk and it could be a lengthy process
Option 2 Purchase shares in COY like : WOW,FMG,HZN,STO,WPL,BHP,S32 and some other oilers who are near 52wk lows and are trading at low multiples . I would make these purchases in a trust structure and hold them long term reinvesting any positive CF
Option3 Purchase shares in the above companies but not as much $ worth and keep some funds avail. Seek a new job preferably in sales and build my serviceability up so i can continue to accumulate I/P . I figure if the job transitions goes smoothly after 1 or 2 years i could service another 2-3 more IPs meanwhile my I/Ps and Shares have appreciated .
I liquidated all of my stock holdings to purchase my first I/P so I do have some experience in the market and understand that it is a long term game and view stock investing the same as I/P investing .
Any opinions and advice from anyone would be great Thanks Ken
What would YOU do?
I thought i would make a post and get some opinions from a lot of experienced investors and people who have gone before me down this road .
This is my first post after spending almost 3 years lurking the forum ,mainly educating myself on property finance and accounting .
I am 23y/o 50k salary no dependents and live like a monk !
I have recently refinanced and have 90k in undrawn funds in a term loan
I currently own 3 IP and roughly a net work of 120k and a cash shortfall of 4k P/A
My serviceability is extremely tight and prob evan more so after APRAs intervention .
My goal is to have enough equity to purchase 1 or 2 CIP with long term tenants to exit work with excessive passive cash flow so i basically need 500k-700k for these purchases as I would not buy a second tier CIP but only a quality one with long term tenants .
Option 1 Purchase an I/P on a development site for aprx 300k either build on the new allotment or sell before build whichever is more profitable . I believe this would greatly enhance my equity position and i would gain a lot of skill in development but being new to development it also carries some risk and it could be a lengthy process
Option 2 Purchase shares in COY like : WOW,FMG,HZN,STO,WPL,BHP,S32 and some other oilers who are near 52wk lows and are trading at low multiples . I would make these purchases in a trust structure and hold them long term reinvesting any positive CF
Option3 Purchase shares in the above companies but not as much $ worth and keep some funds avail. Seek a new job preferably in sales and build my serviceability up so i can continue to accumulate I/P . I figure if the job transitions goes smoothly after 1 or 2 years i could service another 2-3 more IPs meanwhile my I/Ps and Shares have appreciated .
I liquidated all of my stock holdings to purchase my first I/P so I do have some experience in the market and understand that it is a long term game and view stock investing the same as I/P investing .
Any opinions and advice from anyone would be great Thanks Ken
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