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

Discussion in 'Investment Strategy' started by MTR, 26th May, 2016.

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  1. Barny

    Barny Well-Known Member

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    Put your funds together with other investors you know and trust.
    Instead of buying up a block of land and putting 3-4 places on it for 15% profit, buy the whole street(or a huge block) and develop or sell it off.
     
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  2. Mumbai

    Mumbai Well-Known Member

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    Become a carer!
     
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  3. Gockie

    Gockie Life is good ☺️ Premium Member

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    Mine could qualify here :), but I have no plans to sell
     
  4. Barny

    Barny Well-Known Member

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    Seriously?
     
  5. Gockie

    Gockie Life is good ☺️ Premium Member

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    I reckon, seriously. :)
     
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  6. Barny

    Barny Well-Known Member

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    Awesome. Please teach me how to do this.
     
  7. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    one of my clients did this. He bought 3 properties on one title and subdivided it. Purchase price was $1mil about 5 years ago. He just had an offer for $6mil. Positive geared right from the start and it is in inner Sydney.

    Was advertised in the newspaper too.
     
  8. hobo

    hobo Well-Known Member

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    Do you mean you think your new PPOR has gained $1m in value since you bought it a few months ago...?
     
  9. DaveM

    DaveM Well-Known Member

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    Buy 10 x NRAS. Thats the solution to everything isnt it? :D

    Either that or open a LJ Hooker franchise in Melbourne...
     
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  10. willair

    willair Well-Known Member Premium Member

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  11. Barny

    Barny Well-Known Member

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    Terry show us these deals in the future please.
     
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  12. Ace in the Hole

    Ace in the Hole Well-Known Member

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    Easiest way is to do nothing and let CG do it's work.
    Ours grow a mil in an average year now and haven't bought anything in 5 years.

    The accumulation part is the tricky bit where you got to do the hard yards.
     
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  13. Barny

    Barny Well-Known Member

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    Is it possible to give a little more info please. I'm hearing growth of a million a year or just purchased and worth a million more, and I'm slightly confused. Could you point us out one of these deals please. Perhaps one of these suburbs, houses, purchase price,
    Cheers
     
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  14. bmc

    bmc Well-Known Member

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    worked for the Mehajar's
     
  15. mrdobalina

    mrdobalina Well-Known Member

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    there's more to life than working
    How do YOU do it @MTR ?
     
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  16. Ace in the Hole

    Ace in the Hole Well-Known Member

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    All I'm saying is that once you've accumulated enough, you don't need to do anything to make a mil a year.
    That's the easiest million you can get.

    Getting the property in the first place can be slow or fast depending on your strategy and cash flow.
    Good cash flow speeds up the process dramatically, and I'm not talking about small stuff like positively geared property.
     
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  17. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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  18. hobo

    hobo Well-Known Member

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    I look forward to reaching that point! :D
     
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  19. bmc

    bmc Well-Known Member

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    ive heard the first $1mil is the hardest............

    the old bowling club at five dock.
    Sold : $18,750,000 29 MAY 2015
    Sold : $9,810,000 25 OCT 2007
     
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  20. Sackie

    Sackie Well-Known Member

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    Need a timeline.

    But for me, the 'easiest' way to make the most money was playing to my own skills and abilities, then finding all kinds of 'Add Value' opportunities in real estate and going after them.

    That was 'easy' for me because I wasn't going agasint the grain and just embracing what came more natural to me. We all have different skills, abilities and capabilities that will largely determine what makes something seem 'harder' or 'easier' for us. Go with your own talents and you'll make that 1mil easiest imo.

    my 2 cents.
     
    Last edited: 27th May, 2016