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For new blog articles - visit Lend Power!

For new blog articles – visit Lend Power!

Hi all! Thank you for your continuous support and visits to my personal blog at David’s property journey!

Over time I have found it’s duplicating effort to maintain 2 separate blogs so moving forward all the new blog articles will be posted to my Lend Power’s blog section only. I’m already consolidating and moving articles across so that will be the primary hub. This would also explain why I…

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[WHAT I LEARNT OUT OF BUYING 7 PROPERTIES SERIES] LESSON 2 – Why you should avoid buying property with a pool

[WHAT I LEARNT OUT OF BUYING 7 PROPERTIES SERIES] LESSON 2 – Why you should avoid buying property with a pool

Let’s back track to 2015, where we’ve pulled out equity from our Sydney properties and are now ready to go again. Being priced out of Sydney with some crazy offers being thrown around, me and my partner decided to start looking at SE QLD in particular the Logan market, as the capital investment is small but yield is high so easy to hold long term.

We’ve since found our Slacks Creek property – a…

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[What I learnt out of buying 7 properties series] Lesson 1 - why you should avoid Off The Plan (OTP) like a plague

[What I learnt out of buying 7 properties series] Lesson 1 – why you should avoid Off The Plan (OTP) like a plague

It’s always been my goal to be able to give back and help other investors grow, minimize mistakes via sharing my own experiences and journey to-date. This is the whole reason why I started this blog last year.

Looking back however I felt the blog was quite loosely structured, so I thought it may be better to create a series to consolidate, focus more on what I learnt rather than just telling the…

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Type of Value Adds for Property (Part 2) - NOW IN SOUNDCLOUD!

Type of Value Adds for Property (Part 2) – NOW IN SOUNDCLOUD!

Hey all! Just a quick one today as I’m proud to announce that one of our blog readers actually loved my previous article on WHAT TYPES OF VALUE ADDS ARE THERE FOR A PROPERTY? (PART 2) so they’ve recorded an audio version so everyone can listen to it on the go!

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CG Versus Cashflow - which type of IP should I buy next?

CG Versus Cashflow – which type of IP should I buy next?

As investors, we always ask ourselves whether the next step is to purchase a Capital Gain (CG) focused or Cashflow focused property to add to the portfolio. I was no exception, and having gone through purchasing 7 properties now I thought I could share some of my own experiences in this regard to help everyone decide where they could go from here.

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WHAT TYPES OF VALUE ADDS ARE THERE FOR A PROPERTY? (PART 2)

WHAT TYPES OF VALUE ADDS ARE THERE FOR A PROPERTY? (PART 2)

I trust everyone has got some takeaway from part 1 – don’t be afraid to ask questions if there are anything that is unclear!

Today we’ll continue the discussion and unveil a few more value adds that can be done to house on a piece of land, including Strata Title of land as well as renovations, both cosmetic and major renovation.

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What types of Value Adds are there for a property? (Part 1)

What types of Value Adds are there for a property? (Part 1)

As Sydney/Melbourne market starts to cool down we are finding more and more fellow investors looking at innovative ways to manufacture equity themselves rather than waiting for market to grow organically which could take years.

So let’s have a look at the different types of value adds today which an investor can implement in order to propel themselves further in the wealth creation game! In part…

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How much property portfolio do you need in order to retire?

How much property portfolio do you need in order to retire?

Hope everyone had a fantastic Easter break, and enjoyed the heat (while it lasts!).

Today I want to cover about the end goal – retirement. We don’t invest in property just because it’s fun. Everyone has a good reason to invest in property and it’s mostly for wealth creation. But really, how much is “enough” for retirement?

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When should you build a Granny Flat?

When should you build a Granny Flat?

In recent years Sydneysiders have fallen in love with a product called Granny Flats (GF) – especially when it has a good cashflow return to help support the mortgage repayment. Investors absolutely love a block which has the ability to build a granny flat in the back yard.

But is building a GF as good as what everyone thinks? We explore some upside and downside in this post so you can make the…

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How to select a Property Manager?

How to select a Property Manager?

When it comes to investing property interstate, most people are concerned about not able to “pop by” the property when things go south. For this reason or whatever other reason, some of the new investors decided to purchase in the local neighbourhood when starting out.

But the reality is, unless you are managing the IP yourself without a PM you really don’t need for it to be close by. Well, if…

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Demystifying Equity, and how to use it towards your next IP purchase

Demystifying Equity, and how to use it towards your next IP purchase

In Property Investing world equity is the magic word that everyone is chasing! But what exactly is equity, and why is it so magical?

I remember I used to wonder about these questions as I start my journey, so today let’s uncover a bit about what Equity is and how you can use it against your next purchase. (more…)

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Type of Tenant Requests and how to deal with them?

So, you have purchased an investment property and it’s settled! The tenant moved in and just when you thought everything is settled, popped the champagne and getting ready for the first sip…

The PM called, and tells you there was an urgent request from tenant and it’ll now cost you X amount of money to get it fixed…

Sounds familiar??

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Should you get multiple low value property or one high value property?

G’day all – happy Australia Day!! Weather is sizzling hot this year but I hope everyone has had a nice long weekend in Australia to sit back and enjoy the summer heat 🙂

Getting multiple low value property vs one high value property – which way to go? Again this is one of those questions that I commonly get asked by our fellow investors. And again there are pros and cons for each and should be…

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Battle of the decade - New vs Existing, which one should I choose?

Battle of the decade – New vs Existing, which one should I choose?

Happy new year all and welcome to an even more glamorous 2018! 😀

Have we all written down our goal for this year? If not it’s still not too late – write it down now and stick it up somewhere that you get to see everyday. Personally I find having a goal that is visible everyday will have the power to steer you in the direction that you wanted.

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ON THE PROPERTY INVESTORY PODCAST! HOW TO KEEP YOUR CAREER AND SNAG 7 POSITIVE GEARED PROPERTIES ON THE SIDE

Hey all! Here’s part 2 of me on Property Investory podcast, which follows on from last conversation and talks more about mindset, habit and strategies 🙂

Again big thank you to Tyrone Shum for the interview opportunity and all credit to the Property Investory team – I certainly think they’ve done an amazing job in keeping up the quality of the podcast each week!

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How to cut your expenses and increase savings?

Is the key to saving a home deposit as simple as giving up smashed avo toast for breakfast? Well not quite, but spending less does make a difference.

On top of a budget, a savings plan and strategies such as a high-interest savings account, an effective way to save is to reduce or eliminate expenses.

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IP with a pool...is it worth it?

IP with a pool…is it worth it?

A swimming pool is nice when you are the person jumping in and enjoying it, but not as nice when you’re the person who has to pay and maintain it!

Back in the days when I was living in Auckland, our house had a pool too. From memory the 3 years dad had the place the number of times we used it was no more than the half-dozen of times.

Yet everyday the cleaning motor was pumping away to keep the…