Insert surprised expression. Oh gosh! A few months ago during the depths of winter something flashed across Facebook to enter investor of the year competition. I keyed in a few quick words and thought nothing more of it.
It turned out i was selected for a place. So here i am to tell you that you could read my story in the Feb 2015 addition of the Your Investment Property Magazine (YIPM) OUT NOW.
Most people will not find it much use on a larger good incomes of 30k plus or and have a second income (wife or partner). You will find it inspirational if you are trying to get started on a low income and don’t know how. I started with $14,131c income per annum on my own on a Disability Pension in Australia. Which earns me the title of “If i can do it anyone surely can”. No other income, no catches just pure blood sweat & tears.
My story tells about my struggles getting started and ambitions to buy real estate to a better life and how i want to get off the dole using real estate as the vehicle.
I also explain how the strategy i was taught to buy positive cash-flow properties in regional towns in Vic i found to be misleading and fundamentally flawed and unsustainable. And what strategy i have decided to do that will make much more money for not only me but yourself. If you want to know you can message me on Facebook or email me or whatever way you like and i could even mentor you.
Feel free to add me as a friend on Facebook and or message me with any questions? Here’s my profile:
Jaffasoft (Daniel Cameron).
“It’s not how $$MUCH$$ you get it’s what you do with it.” ~ Daniel Cameron
“Imagination and reality is two very different things. Dreamers that don’t take action will not experience success.” ~ Daniel Cameron
To go over the newly built deck and as part of the council approved planning approval, over the last couple of days we got veranda posts concreted in and treated pine carport frame installed.
What i liked most about this other then finally getting this project close to finished is the simple little clothes line idea we installed. I imagined at first that it would need to be a new one for $300 and concrete it in somewhere outside. But two off cut boards and a few drill holes and a 30 mtr $20 roll of clothes line cord from the hardware store and it’s good and practical. It will shelter out of the rain and get a breeze through to dry clothes “not a worry, perfect”.
This is a development site where a 1BR unit is being built.
Got the decking boards on just yesterday. Here is the quick before & after shots of just the raw timber before it’s got any stain put on. We went with a treated pine timber and will add a stain to give it a Merbau look. To cover the 10 x 3 meter area cost around $1,000 including all the nails, timber plus a days labour to the trades person $55 per hour. It would cost two times this much and more for genuine Merbau. This will look close to being the same.
Any questions about building the deck feel free to ask below in the comments.
A bit of paint to tidy the area up and this bathroom was good enough on a minimal budget.
This was in a 2BR Cottage in a small country town of population of about 90, which had the interior fully re-plastered and the flooring done and painting throughout. I was running out of renovation dollars and near the end of the reno so i just painted the bathroom with some paint i had left. I figured i can always do it better next time round!
Sometimes you just need to think, “what can i do with what i have got”. I had some floor stain and some reddish coloured powder that is normally put into cement to change the colour of pathways. The effect didn’t come up to bad. Well, it was good enough in the circumstances.
I set a goal a couple of weeks ago and because i have been getting cloudy with my finances. I’ve written the goal on paper large and put it one my wall where i can see it and this also justifies other people that may be thinking I’m not spending on stuff in general life activities, they know that I’m saving and making a sacrifice, doing without to buy a home.
The goal says save 18,000 buy November this year to buy a home. It will home number four and or investment property number four really.
It’s achievable but it does mean i have to knuckle down and shrimp and go internally into all my accounts and put in some more fine tuning to save where ever possible, every cent counts. I have been to the bank to put some changes in on the Interest rate i get i will visit Westpac to update that account and see if i can get more Interest there.
It’s going to be back to living off $5.85 a week on food and petrol as my only spending though i have many bill that associate with owning properties. Personally i only want to be spending on food and petrol. Now that i have fresh chock eggs from the free range chocks on my property this help a lot to food costs and as i mentioned about and made a video of a recent ebike i invested in. I want to get a Vegetable Garden in soon too but that will take a while to get established and fully growing. My Ebike has done nearly 1000 kilometers so saved that much in fuel costs and been 100% good for the Earth. Once it does 5000 kilometers it will have paid for itself.
I’ve done things like set up direct debits to automatically pay all the Council Rate bills steadily each fortnight per annum and the same for the Water. I made a savings of a few hundred dollar by talking to the Water place since i found out i can sign tenants over to be responsible for paying there water usable.
A direct debit that automatically goes into my savings account has been set up and the best Interest Rate i can find going on that. My home phone line is getting disconnected because Telstra is the most disgusting company on the planet as far as i am concerned. But because i value the Internet as a great Investment i am going to Wireless and making a sacrifice to cut back on speed in order to saves up to $1000 a year. Instead of a regular $140 or so a month bill it will be $9.95.
Another bill I’m paying down is my traveling traffic fines where when i was traveling on the road around Australia i went through tolls in all Capital Cities. I am setting up a direct debit to pay them instead of via a garnish order and that saves heaps. Interestingly one i got stable and in familiar territory for an extended period of time i received a letter from the government thanking me for not loosing one single demerit point in three years. I put that letter in a frame. Did you not loose any demerit point in an entire three years. I put that letter in a frame and placed in on my wall.
This is just a few of the internal measures i make to refine my budget internally. I find if you regularly go in internally and fine tune your finances and spending you have always teak something more to save more money in various places. It’s something you have to keep monitoring and be proactive at or the universe will try and take it the other way.
How does this find you? I can’t imagine a comment. Ha.
My message is a short & sweet one! I send this as a prompt and a gently nudge – reminder to take care of your earth and in combining with over 120 countries tonight turn your lights out at 8.30pm Australian time, Saturday, 26th March.
“TURN YOUR LIGHTS OUT TONIGHT AT 8.30pm” to help our planet. It’s called Earth Hour if you have not been aware of it.
I have been putting in much effort recently to band behind the movement to improve the Earth. As someone planing and taking actual action in the Property Development arena and my own home where i live. I have been spending many hrs and late at night researching and watching YouTubes. I’ve been purchasing 100% Green LED lights, riding an Ebike and using lots of recycled materials.
I’ve invested a bit over $5000 in various things and currently on a project to build a 100% fully Eco Friendly living environment that my tenants will live in. Soon I’m going to build a custom electric vehicle for a shopping trolley and day to day run arounds.
I have two LED lights that i use for all my lighting in a shed where i live that runs off two 12Volt batteries that will last the year through. This is 100% green and good for the environment and costs sweet little. And buying homemade solar panel equipment and all sorts of wild and wonderful things.
I made Hydrogen the other day and plan to run my car off of it as well as some copper soldering for home made solar hot water.
Of course the motivation is two, it saves you money, actually three it saves your tenants money to so they can pay you rent and it’s a 100% purely good feeling of riding a electrical bike you know does not harm the environment and or cost you bugger all the run. 15c for 45 kilometers.
Maybe tell your kid’s about turning the lights out it’s at a time when they are most probably still up at 8.30pm. Send a message to your Facebook status and put it on the wing of a twitter comment.
Generally we’re on the subject of property here. This investment is of a different kind but helps directly to save on petrol costs and house deposits and doubles as being VERY good for green house gas emissions. I scavenged an old mountain bike and bought an ebike kit.
I spent a fascinating month or more researching all sorts of solar panels, electric cars, home made solar hot water and solar air heaters and putting in lots of plans to build 100% off the grid living. It’s fully exciting and so much fantastic information on YouTube there is always someone else with a better idea and videos coming to the surface all the time. Just watch watch watch and get some fascinating ideas from some people. After all the research the first thing i invested in was an e-bike (Electric Bike).
Video online is such a fantastic resource.
I got an old mountain bike from my nephew that had otherwise been left in the yard going to rust and discarded. Bought an ebike kit for $1260 or so with a 36V 15 amp hrs Poli battery and rear hub motor to put on it! You can buy cheaper kits but i wanted something with range and middle of the range quality and a decent light battery which costs the most.
Now that the ebike is set up it won’t cost as much to buy other parts or upgrade from now on. I put a little basket on the back and front and get down to Coles to buy a loaf of bread.
From my calculations to power the bike for 45 kilometers it costs about 0.13c to charge the battery for four hours at 25 Volts DC 6 Amps and 0.22c a kilowatt hr. Someone might correct me if I’m wrong.
I was buying around $66 dollars in petrol every other week so it will pay for itself soon enough and then more savings but still able to use the Van to carry materials.
It’s Summer here in Australia from around Dec to March and after watching all the YouTube’s on ecars, solar panels, solar hot water it dawned on me the quickest and easiest as well as the cheapest investment i could make to save even more on petrol costs that i don’t like paying for was to buy an ebike (Electrical bike).
It’s a real blast I’m enjoying getting around on summer days and it’s great not having to pay for all the petrol so i take my time and enjoy it and it’s 100% green and good for the earth. FANTASTIC
Just doing my bit to warn Queenlanders to be ready for the worst with this Cyclone it has the capabilities to destroy houses and tear things apart you might think your house is safe until your neighbors dabris lands on your roof, through the side of your window.
I would suggest you travel to high ground for the night to be on the safe side.
Since it’s now heading into the warmest part of the ocean it seems it’s gone to a week category five cyclone rating. This reporter says the winds get stronger when they hit land.
The problem with News reporters is they can be like the boy who cried wolf so you don’t know if they sensationalizes things. Also Premiers and Police rather warn then not to warn so they don’t get blamed later for not warning and sued etc.
If your like me you wouldn’t know if a Cyclone was coming because you don’t have a T.V. or use Radio and see people now and again and might not even know it’s happening. I heard by chance from someone yesterday. So if your like that and living up near between Cairns and Townsville I’m just sending this out to my property investors to give you a WARNING.
Feel free to post some comments and update videos in this thread. I’m not sure totally what you should do to prepare for Cyclones so maybe if someone knows some links about it to share with others and or advice etc.
I am Daniel Cameron. I lived in a Van to buy three houses on a Pension in Australia. My annual income was $14,141. Starting from broken and no assets wasn't easy but i found a way. My dream is to JV with a renovation partner for 50/50% profit share with a builder or handyman. Profiting 30k each, every 3-6 months isn't a bad way to go and motivate each other.
ALERT: After four years and the site getting left behind with technologies fast pace a massive upgrade is going on right now. Some things may seem missing or not working. Mainly the images not loading Nov/2014!
When you find a God let me know until then there is none! — Daniel Cameron