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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    Don't know where that is, but great deal. Cheers.
    Now can you point me another today, which has the potential to do the same tomorrow
     
  2. datto

    datto Well-Known Member

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    Last edited: 27th May, 2016
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  3. Barny

    Barny Well-Known Member

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    I can't tell how many Leo's there are, are there 4 of you, or just you changing your profile pic twice daily?

    Anyhow back to the question, show us an example on the easiest way to make 1,000,000. Could you share your embracing moments and going with natural grains and and skills and abilities which made you money easy?

    SHOW ME THE MONEY LEO :D
     
  4. MTR

    MTR Well-Known Member

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    jail was not part of the plan:p
     
  5. MTR

    MTR Well-Known Member

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    you share first...:)
     
  6. Sackie

    Sackie Well-Known Member

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    haha.. yeah I have been quite equivocal in deciding which profile pic lately.

    hmm.. In terms of 'embracing' my skills and abilities to make money... I don't really know how to articulate it. Just from early on I always remember feeling really comfortable and it coming quite natural to negotiate with others to get good deals, so I just went with it and really that's all I do. Also felt quite comfortable with more 'risk' as well as really enjoying the creative process of renovating and now building. I love seeing something from scratch, to concept then to construction knowing I had a big hand in the design process. Makes me happy, and that I guess makes me love what I do. The money has always just come after that.
     
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  7. Barny

    Barny Well-Known Member

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    The most recent pic of you feeding the horse looks like a winner
     
  8. bmc

    bmc Well-Known Member

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    good answer.

    as a land surveyor i deal with property developers daily, i find this to be a common mindset amonst 'successful' private developers.
     
  9. Sackie

    Sackie Well-Known Member

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    Cheers.

    Do you operate a surveying company in NSW? Maybe pm me your details if you don't mind, just don't want to hijack the thread. Thanks mate.
     
  10. wogitalia

    wogitalia Well-Known Member

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    I've seen a client who made $850k in one day on property, bought a property and after it was accepted another offer came through 850k higher than their offer and the real estate agent asked if they wanted to on sell so they did (was a ~3.5m property iirc).
     
  11. Barny

    Barny Well-Known Member

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    @MTR i think it's your turn now. Show us the money

    We have, let equity build once you finally get there with a decent portfolio, which usually takes ages and lots of hard work to begin with.

    Build and develop once you already have a decent amount of equity behind you, or can somehow source the finance to create profit if successful when completed.
    And Renovate, which works well in a rising market, not sure how much profit this makes, but again needs a base of funds wether it's your money or someone donating cash to complete it.

    You have buy under valued property by 1 million.

    And buying properties on one block, separating the titles at a later stage.
     
  12. Steven Ryan

    Steven Ryan Well-Known Member

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    Buy.
    Hold.
    Done.
     
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  13. MTR

    MTR Well-Known Member

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    very nice:)
     
  14. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Good strategy but just takes so long :(
     
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  15. Ace in the Hole

    Ace in the Hole Well-Known Member

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    As the saying goes - If it were easy, everybody would be doing it.
    So, don't just do the easy stuff and you will get what most people don't.
     
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  16. MTR

    MTR Well-Known Member

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    I don't know how this would work?

    Even with a 10M portfolio 10% each year would be difficult to achieve, you would need to be diversified across many States and even so property does not continue to rise every year, after booms we have bust cycles, that has never changed. Maybe I am missing something?
     
  17. Jacque

    Jacque Jacque Parker Premium Member

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    Nice deal for the client but in reality, after CGT is taken into event and given he wouldn't have triggered the 50% CGT reduction (as he kept it less than 12mths) his net profit would have been closer to $350-400K, taking SD, costs, taxable income etc into account. Still good money :)
     
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  18. Mumbai

    Mumbai Well-Known Member

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    Didn't a lot of people make around that much during the Sydney boom?
    A few properties bought at around 300K and sold at 700k (in 2-3 years) would have got them over the line.
     
  19. Ace in the Hole

    Ace in the Hole Well-Known Member

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    I've added a couple of steps into Mr Steven Ryan's method reply which worked for us.
    We'd need about a 7% combined CG and excess yield above expenses to cash a passive mil.
    Step 1 above which I posted about the other day starts the whole process and makes a massive difference to the end result, and how long it takes.
     
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  20. sash

    sash Well-Known Member

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    Do either of these involve going to prison?? :p