Just to share here.

Bond in very poor family
But I believe good education can get a better job and better salary

I am believe that I am quite lucky

Brought a property at age 25 at rm120k. Manage to settle home loan on 2017 and
Just dispose it last year 2018 at rm350k

And save 50-60% of the salary and able to get around 150k.

I have sacrificed a lot with a very boring lifestyle.

Very seldom go back to my home town. And until now still ride kapchai moto bike.

Get married at age 31. And have 1 child now.
Wife is fully house wife.

stock monitoring is quite tiring .

You have done well in life.

Buying a second home soon? I am guessing that you do also own a car but mostly use the motorbike?

None of the Hobart properties tripled in value. Not that it matters as I have no plans to sell.
The 1st is a house in Sandy Bay, was brand new when I bought it. Now after years of being lived in by PRC nationals it has mostly become a thrashed dump. Every month I get an email asking if I'm interested to sell and the last offer was 280% from the purchase price. The rental however is another story, when it was new it rented for AU$220 per week with no furniture. Now it rents for AU$780 per week and lived in by 8 PRC nationals. Next month will be its last mortgage.

The 2nd one was a place I initially bought to set up an office as I was captivated by the view. It was a run down colonial era building. I had it stripped to its bare frame and had it restored. After it was completed I decided Tas just wasn't for me and put it up for rent. It has gone up 180% taking into account all the money I had put into it and yes it went over budget by double. Rented it to a barrister who uses the entire upper floor as her office and lives at the lower floor. First started out at AU$250 per week now it is at AU$480 which I suppose isn't too bad. Thankfully unlike the PRCs this cute lil bogan does take care of the place with an element of pride but rent sometimes late and often not paid in full. Oh well at least she does tell me that she is enjoying the view of Mt Wellington and the River Dervent on my behalf.

The lands and buildings, I have no idea what is its worth as no one has ever approached or showed any interest in buying it. In any case as part of the settlement they have a 20+10 lease on it, doubt anyone would buy it as there isn't any provision for the premiums to go up until the 20 years is up. This one is now free of any encumbrance, I don't lose any sleep over it.

Not too keen on equities as I don't do short term investing. Prefer buying wrecks and fixing them up as it indirectly does more for my profile than just deliver returns.

When you have overseas property then you will know what to do to manage it.

BC,... upon retirement, would you think continuing to develop properties and continuing to receive rentals still be a viable method to earn passive income, especially when we don't have the energy to chase delinquent payments anymore ?

More so,... when your properties are halfway cross the world,...

Well,... I also invest into rental properties,.... and I find collecting dividends and coupons easier to do then collecting rentals for passive income.

I doubt I would stop redeveloping or taking on regeneration projects. I do it for interest, professional relevance as well as investment. However what will change is closer to retirement I probably would stop doing it for my own but purely for the fees and experience, most likely will do less as well as time goes by.

Properties across the globe? I haven't quite thought or decided on how I would manage them when I no longer have the energy to run around the same way.

No doubt dividends and coupons would be easier but without me taking on some of these development or regeneration projects I lose my relevance as a consultant for urban regeneration.

https://www.youtube.com/watch?v=_Q-nI1FRHnE

Do watch this for a good boost of inspiration

Thanks for sharing. Are you achieved or working towards FI/RE?

achieving

Great!

Appreciate if you can share your journey so that people can learn from you. Thanks

Just to share here.

Bond in very poor family
But I believe good education can get a better job and better salary

I am believe that I am quite lucky

Brought a property at age 25 at rm120k. Manage to settle home loan on 2017 and
Just dispose it last year 2018 at rm350k

And save 50-60% of the salary and able to get around 150k.

I have sacrificed a lot with a very boring lifestyle.

Very seldom go back to my home town. And until now still ride kapchai moto bike.

Get married at age 31. And have 1 child now.
Wife is fully house wife.

thanks for sharing.

I'm curious to know why is your wife a fulltime housewife.

Wouldn't it be much faster to reach FI/RE if the household has two incomes?

I doubt I would stop redeveloping or taking on regeneration projects. I do it for interest, professional relevance as well as investment. However what will change is closer to retirement I probably would stop doing it for my own but purely for the fees and experience, most likely will do less as well as time goes by.

Properties across the globe? I haven't quite thought or decided on how I would manage them when I no longer have the energy to run around the same way.

No doubt dividends and coupons would be easier but without me taking on some of these development or regeneration projects I lose my relevance as a consultant for urban regeneration.

Bill,

What’s your opinion on the off plan projects in UK with current situation?

In today's Britain it will depend on the location, proximity to rail/tube services and what energy efficiency rating it is been promised.

However I would not buy anything unless it is being built by the best of the best of developers as currently one of the biggest issues facing the building industry is awash with cash flow, materials and worker shortages due to Brexit.

Anyway I won't invest in any real estate in Britain at this moment in time until there is a clearer picture on Brexit.

Is there a project that is off interest to you?

I bought one unit in Salford from X1 in 2016.

Been thinking whether it is a good time to get another one maybe also in Manchester or Birmingham or Liverpool.

Care to share the reliable and good developer over there?