AustEstate

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“I just bought another investment property”

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“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.

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Author: Sam

My name is Sam. People call me ‘No Worries Sam’. I was born and grew up in Taiwan, before moving to Australia in 1997. Since then I have been a mail sorter (7am start!), a pizza deliveryman, a carpenter, a croupier, a bank teller and a mortgage broker before ending up as a police officer. But my passion is property. I like collecting investment properties, and I have been doing that since 2001. I currently have eight in Canberra, but I’m always looking for more. You could say my hobby is searching for the next property. I have even enjoyed holidays trawling potential properties with real estate agents. My idea of fun. I want to eventually make my hobby a full-time job. I have recently completed a buyer’s agent course with REINSW. But for now I have started this blog as a way to share my interest with other people.

4 thoughts on ““I just bought another investment property”

  1. Congratulations! It’s so good to be able to do something you enjoy as well as being beneficial for both you and your family.
    Well done.

    Cheers
    Phong

    • Thanks Phong for your kind words and encouragement. I will keep on writing.
      Looks like you had a great trip in the States. Love the photos.
      Talk to you again soon.
      Sam

  2. Good to see Sam, Ill be picking your brains in the not so distant future. Your dead right, Property is real – long term it goes up and short term people pay you rent. I’m still trying to get my head around +ve / -ve gearing and what will be the right move for us.
    Looking forward to catching up again and you know when you do get home – there is always a market for skilled real estate agents.

    Keep in touch.
    MCJL

    • Thanks Jacobs Dad. Great to hear from you. You guys are in a good position to invest. Like you said you just need to figure out what and how do you want to do it. I have been buying in the ACT and Brisbane since 2001. Happy to share what I know with you and Claire. ^_^

      Regards,
      Sam

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