{"id":13855,"date":"2017-09-15T07:00:07","date_gmt":"2017-09-14T21:00:07","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=13855"},"modified":"2017-09-15T07:00:07","modified_gmt":"2017-09-14T21:00:07","slug":"life-lessons-prove-valuable-in-building","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/life-lessons-prove-valuable-in-building\/","title":{"rendered":"Life Lessons Prove Valuable In Building"},"content":{"rendered":"<p>Dan Sasse is relatively new to property investing, having purchased his first rental home just four years ago.<br \/>\nHowever, he\u2019s been a busy man and has built a portfolio of five properties across three states in that time.<br \/>\nBut despite his proactive buying strategy, Dan feels he\u2019s already left a few opportunities on the table.<br \/>\nLike many investors, early retirement is the goal for Dan as he plans for the passive income generated by his properties to replace his nine-to-five employment.<br \/>\nWith a portfolio worth $2.38m to his name after less than half a decade in the game, it would appear he is well on his way to that goal. Still, Dan believes a few small mistakes here and there have left him behind the eight ball.<br \/>\n\u201cMy journey started in 2012 after analysing the property market for a couple of years,\u201d Dan says.<br \/>\n\u201cI didn\u2019t know what I was analysing and not much changed other than the price of the properties going north, so I delayed my entry into the investment club for no real reason at all.\u201d<br \/>\nWhile waiting to buy may have cost Dan a bit of money, it wasn\u2019t such a huge regret that he pulled the pin on the entire journey.<br \/>\n\u201cFor as long as I can remember, I have been interested in property,\u201d he says.<br \/>\n\u201cI did what most people have to do and sacrificed life and saved for a number of years to get into a position to purchase. After the first one, though, I was hooked.\u201d<br \/>\n<strong>Off to a flying start<\/strong><br \/>\nWhile it took Dan a little while longer to get started than he would have liked, he did come out of the blocks strong.<br \/>\nHis first purchase, in 2012, was a house in Orange, a major regional centre in NSW\u2019s Central West, for $180,000.<br \/>\nStaying somewhat regional, Dan then focused on Newtown in the Queensland city of Ipswich and picked up a townhouse for $285,000 in the same year.<br \/>\nDan stayed in Queensland for the next purchase and moved into the capital city market with an off-the-plan apartment purchase in Brisbane\u2019s Teneriffe in 2013.<br \/>\nAfter the initial pace he had set, there was a bit of a gap before Dan\u2019s next purchase, which was his family\u2019s principal place of residence: a house in the outer-Melbourne suburb of Sandhurst, which he bought for $585,000 in 2015.<br \/>\nMelbourne was then the target for Dan\u2019s most recent investment play, when he added an off-the-plan apartment in Richmond, worth $650,000, to his portfolio in 2016.<br \/>\n<img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-13856 size-full aligncenter\" src=\"https:\/\/i0.wp.com\/realestatetalk.com.au\/wp-content\/uploads\/2017\/09\/property-highlight.jpg?resize=301%2C368\" alt=\"\" width=\"301\" height=\"368\" \/><br \/>\n<strong>Hindsight is 20\/20\u00a0<\/strong><br \/>\nLooking at what Dan has achieved; it would seem that he got off to a strong start. He has built a diverse portfolio of properties in strategic locations across the country.<br \/>\nBut in hindsight Dan says there have been some periods when he could have made an even bigger splash.<br \/>\n\u201cMy biggest mistake was not being in a position to start investing sooner, but I also regret not actively seeking investments to purchase for two years from 2013 to 2015, even though I was in a financial position to do so,\u201d he says.<br \/>\n\u201c[I should have bought] bigger initially. I started with a smaller purchase as I wanted to tread carefully on my first property. It has been a slow growth, but it now pays for itself.\u201d<br \/>\nTo avoid making further mistakes or missteps on his investment journey, Dan has been working with the team at Positive Real Estate. A firm believer in the value of good advice, he cites the saying, \u201cYou will pay for your education, whether you choose to or not\u201d.<br \/>\nLike all good investors, Dan has learned from his perceived mistakes and he believes those lessons will now form part of his investment strategy going forward.<br \/>\n\u201cLesson learnt \u2013 always be active!\u201d he says.<br \/>\n\u201cYou don\u2019t have to be buying investment properties all the time, but you do need to be active with the properties you do have, to ensure you are getting the most out of your investment.\u201d<br \/>\n<strong>Success in spite of the regrets<\/strong><br \/>\nWhile he may have missed a few opportunities here and there, the moves Dan did make seem to have been the right ones.<br \/>\nAll of his purchases have increased in value, and his plans for a passive income stream seem well developed, with all of his rental properties returning very respectable rental yields.<br \/>\nIt also appears that his experience is starting to pay off as Dan rates his two most recent purchases as his best.<br \/>\n\u201cI\u2019d have to say our family home in Sandhurst, Victoria, is our most successful transaction so far.<br \/>\nWe purchased it just over a year ago and we have realised great equity already. We have also just signed a contract for what I believe is my best purchase yet [the off-the-plan apartment in Richmond]. I recently visited the display suite, and the design specs and features are amazing,\u201d he says.<br \/>\n<img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-13857 size-full\" src=\"https:\/\/i0.wp.com\/realestatetalk.com.au\/wp-content\/uploads\/2017\/09\/dans-port.jpg?resize=969%2C291\" alt=\"\" width=\"969\" height=\"291\" \/><br \/>\nI recently visited the display suite, and the design specs and features are amazing,\u201d he says.<br \/>\nBelieving that he\u2019s finally hitting his stride as an investor, Dan isn\u2019t about to take another break from the market.<br \/>\n\u201c[My plan is to] keep investing and keep abreast of how each property is performing, and access equity for purchases,\u201d he says.<br \/>\n\u201cFrom here, I plan to take advantage of the availability of funds and invest when the opportunity presents itself! I like to invest in good solid growth areas, so my aim is to be active in the market \u2013 and if the numbers add up, go for it.\u201d<br \/>\n<strong>DAN\u2019S TOP 5 INVESTING TIPS<\/strong><br \/>\n\u2022 Aim to invest in good solid growth areas.<br \/>\n\u2022 Always be active in the market.<br \/>\n\u2022 If the numbers add up, go for it.<br \/>\n\u2022 Build a good asset base by buying into various markets.<br \/>\n\u2022 Get advice and\/or mentors.<br \/>\nFor more articles like this, visit <a href=\"http:\/\/www.yourinvestmentpropertymag.com.au\">www.yourinvestmentpropertymag.com.au<\/a><br \/>\nOriginally published as: <a href=\"http:\/\/www.yourinvestmentpropertymag.com.au\/success-stories\/dan-sasses-life-lessons-prove-valuable-in-building-227868.aspx\">http:\/\/www.yourinvestmentpropertymag.com.au\/success-stories\/dan-sasses-life-lessons-prove-valuable-in-building-227868.aspx<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dan Sasse is relatively new to property investing, having purchased his first rental home just four years ago. However, he\u2019s been a busy man and has built a portfolio of five properties across three states in that time. But despite his proactive buying strategy, Dan&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":12869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,31],"tags":[70],"class_list":["post-13855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-story","category-your-investment-property","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Life Lessons Prove Valuable In Building - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/life-lessons-prove-valuable-in-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Life Lessons Prove Valuable In Building - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"Dan Sasse is relatively new to property investing, having purchased his first rental home just four years ago. 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