J. Paul Getty Museum
It was an amazing museum.
Especially arts of outside were so beautiful.
Finally I could get Japanese products!!!
I've never seen such a real Japanese city in my town. I was really happy to go there and eat Maccha ice cream😋
Actually I just took a phot from outside😂
I love LALALAND so I was excited!!!
It was very beautiful scenery. Of course, I danced like LALALAND💃lol
WE ARE ALL ABOUT THE NUMBERS🔢
However, when it comes to numbers the right mindset can make such a big difference.
For example common investors will think like this.
1. You expect your property of $500k to double in the next 5 years because some expert said it would be a great buy. You are now hoping for it to be worth $1million. and you put in $100k to buy this property.
Experienced/Savvy investors will think like this
2. You put in $100k for a $500k purchase price, and instead you have a mindset that focusses on the 'return on invested capital', (the growth of how much you put in). It is not in a world of fantasy, thinking everything always goes up by astronomical amounts.
In scenario number 2, for you to double your money you only need the property to grow to $600k to double on paper. (more when you include buying/selling costs /tax). This is less daunting on your mind and can help you stay future focussed rather than rush to certain decisions.
Thank you to BOQ Blacktown for asking me to attend their insurance seminar and speak to their high-value clients about the importance of insurance from a real estate perspective.
Running a real estate buyers agency & personally having 12+ insurance policies across real estate, vehicles and contents, I totally value and understand the importance of having the appropriate protection for your assets.
Here a few of the tips that I shared: - Read the PDS! (Actually read it). Calm heads that understand what they are/aren't covered for always prevail. The last thing you want to do is let go of an asset that you worked so hard for solely because of this emotion that comes with incidents. - Price does not always matter. If something were to happen, the claims process/result/service/speed/simplicity will be more important to you when the time comes. (Obviously at a reasonable price) - Get to autopilot asap. Direct debits, e-statements, calendar reminder if wanting to review later on (set this at take up time). It shouldn't be hard, simplify it and allow your investment to be passive as soon as possible.
DID YOU KNOW❓
That 60%+ of apartments all across Australia are being rented (owned by investors). In contrast approximately only 22% of 'seperate houses' are being rented (owned by investors). Source: Australian Bureau of Statistics
Some projects can end up costing more than they give back, which is why its important to note the key areas that offer great potential returns on value when renovating.
Although, there are many ways to give that extra appeal in these key areas, Here are a few to think about.
Many refer to the kitchen as one of the top renovations for profit. Kitchens have been moving to larger areas with bigger fridges and ovens, to accomodate more entertaining. Focus on creating a vibe that feels simple yet spacious.
A modern/stylish feel & layout. Over time the average number of bathrooms in households has been increasing. Whether you are renovating or adding, its important to stick to budget. With many components to a bathroom its easy to over capitalise.
REPAINTING👩🏻🎨 Paint is widely known as THE MOST POWERFUL RENOVATION TOOL! You can instantly modernise or refresh a property that looks 'tired'. STREET APPEAL🏡
It's the first impression - Doors, garden beds, tidy lawns, letterbox, house numbers & the fence. All items that don't hurt the pocket.
OUTDOOR AREA 😀
Think all weather areas, that feel almost like an extension of the house.
FOREVER PAYING SOMEONE ELSE'S MORTGAGE.....Heard that before?
We believe rent is never dead money!
The fact is, paying for your accommodation every week is no different from purchasing any other product or service. The service Is somewhere to live, maintenance taken care of and the flexibility to move at the end of the lease.
It really does all come down to your personal circumstances and the choices you decide to make with your money. People often measure the success of your money when there is a tangible result tied to it, e.g. the home you buy to live in instead of renting. So if you were renting the whole time and had no 'Assets' to show for it, sure many may say that it was 'dead money'. However the family home can also be seen as a liability. Some would say it is an asset, but this all depends on the approach you are taking to your investments. The home produces no income and can take some time to build up equity to be used to purchase more properties in the portfolio. Meanwhile, renting and purchasing investment properties, also known as Rentvesting, allows you to approach your property investment as a business, purchasing income earning assets, while leaving your personal life free from mortgage debt on your own home.
The Board episode 19 is up! 🎥😀 "Return On Invested Capital"
Watch here - www.facebook.com/Investorkit
Sometimes we keep thinking that our properties should DOUBLE or even TRIPLE, and sadly when those expectations aren't met, there is a sense of disappointment and at times even emotional decisions for the worse.
This is quite common in the world of property, and why savvy investors don't just look at the value of the ASSET/PROPERTY doubling but they look at how much money they put in potentially doubling. Otherwise known as measuring your 'return on invested capital.' Assuming loans were taken out this requires less overall growth on the property itself to hit the magic 'double' on 'your money'.