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Easiest way to make $1,000,000 from property

Discussion in 'Living Room' started by MTR, 26th May, 2016.

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  1. MTR

    MTR Well-Known Member Premium Member

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    Looking for ideas, suggestions?
    :)
     
    Last edited: 27th May, 2016
  2. Barny

    Barny Well-Known Member

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    Show me how to make a quick 100k first.

    Then I'll tell you how....(repeat it 10 times).
     
  3. MTR

    MTR Well-Known Member Premium Member

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    ...if you have made a million how did you do this?
     
  4. datto

    datto Well-Known Member

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    Buy a property that is 1mill below it's market value and re sell it at it's true value.
     
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  5. MTR

    MTR Well-Known Member Premium Member

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    datto, I have never met anyone who has done this, be Nice and easy though:)
     
  6. Barny

    Barny Well-Known Member

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    It was never easy. Slow and painful all the way.
     
  7. datto

    datto Well-Known Member

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    It depends on the vendor.

    You know that some real estate agents manage to talk their clients into selling a property 15 % below it's real value. I've seen it happen.
     
  8. TMNT

    TMNT Well-Known Member

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    How much cash do you have to start with???
     
  9. datto

    datto Well-Known Member

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    One hundred million lol.
     
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  10. JacM

    JacM VIC Buyer's Agent Business Member

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    Increase rent on property that is valued based on its rental yield. A mere $1250 per week rent hike should do the job on a site valued on the basis of a 6.5% rental yield basis.
     
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  11. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Buy a block of units that are empty and plan to renovate them. Light on fire and collect insurance money lol
     
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  12. alexm

    alexm Well-Known Member

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    @MTR , I think what you're doing is taking you on that path. Don't back off the accelerator.
     
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  13. Blueskies

    Blueskies Well-Known Member

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    Deposit $8k per year in a term deposit. At 3.5% you will hit $1M in 50 years, easy.

    Or did you mean easy AND quickly.. .;)
     
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  14. Xenia

    Xenia Adelaide Property Manager Business Member

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    Development.
    Build new properties
     
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  15. Xenia

    Xenia Adelaide Property Manager Business Member

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    For me it would be to sell 100 properties
     
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  16. Biz

    Biz Well-Known Member

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    Timeline? Risk level?
     
  17. Xenia

    Xenia Adelaide Property Manager Business Member

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    Or manage 500 properties ... :confused:

    Better get to it - higher growth, better systems.
     
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  18. pinkboy

    pinkboy Well-Known Member Premium Member

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    Start a property spruiking seminar at $12k a pop with an attached BA service, Mortgage Broker, Conveyancer and Accountant on the books.

    pinkboy
     
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  19. Greyghost

    Greyghost Well-Known Member

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    This!
     
  20. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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