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The Unavoidable

I am very grateful to have a wonderful Property Manager. Our Property Manager Sue (LJ Hooker Belconnen) has been keeping an eye on our property portfolio and actively communicating with us for the past seven years. She made our life much easier for the past two years while we live in Taiwan. She contacts us by emails, and I call her from time to time just to touch base and see how everything is going. During the last two year, there were about 85 emails she sent to us (including the reply emails). In most cases, she was just to inform us which property was due for a rent increase, which tenant was moving out/renewing their lease, or what maintainence requied to be carried out on which property if we agree.

The most recent email correspondence with Sue was because of the ducted aircondition unit in one of our properties. She outlined the problem and suggested what could be done. It’s going to cost us without doubt. However, her approach made us aware of what has been going on, what has been done so far, and what options we might have to solve this issue. She is clever and she attends to details. Most importantly, she keeps us informed before asking us making any decision. In the end we decided to go ahead to replace the aircondition unit (which costs us about $7350 AUD), as it has probably reached its use-by date and may cost us more to fix it in the long run. We value Sue’s advices, but we made our own informed decisions. Most of the time her advices were just spot on. Continue reading

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The Eighth- Done Deal

Albert Einstein said, ‘It’s not that I am so smart, it’s just that I stay with the problem longer.’ Although I didn’t think I had a problem with my options, it really took me a long time to decide which property we should buy. Quite often I am the one who rushes to buy. Serina takes a more cautious approach towards property investment. She is the “brake” when I get too excited with investment opportunities, which works well as a team most of the time. Continue reading

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The Eighth- Part One

So we’ve bought our eighth investment property.

‘How do you feel?’ Serina (my wife) asked me.

‘Great of course.’ ~~ my standard short manly answer when she asks me this kind of “girlie” questions.

How do I really feel? I asked myself when I had a quiet moment that night. I guess there is some proud as well as a sense of achievement. Not just because of the number of investment properties, but because of the difference of organising the purchase and completing the transaction this time around. Continue reading


“I just bought another investment property”

“I just bought another investment property ”

“You what? How many do you have now? ”

“Yep, another one. So far we have eight properties in total”

This sort of conversation happens over and over again. It’s fun to look at people’s reaction. However I don’t buy investment properties just to see their reactions. I buy for making money, either immidiate income stream or long term capital gain. Or both if lucky.

I love real estate. Reason number one- it’s real. I can see it. I can touch it. I can walk onto it, and I can put tenants in it and they pay me. Reason number two- I am Taiwanese. It’s in our gene. My mother is very good at investing in real estate. I remember we spent quite a few weekends either attending open houses or playing at vacant houses/units while my mother was discussing with trademen on how to renovate the place to attract good tenants. So, I guess it’s also a family tradition.

“How did you buy investment properties in Australia when you actually live in Taipei?” one of my friends asked me shortly after the settlement of our eighth property in Canberra.

I did a lot of research before making any offer, and I’d like to keep my wife happy by letting her know the numbers/due diligence (my friend once told me, “happy wife, happy life” ) .

Well, I used the property we bought recently as an example to tell her how we did it. Details will be in the next post.