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

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

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  1. Sonamic

    Sonamic Well-Known Member

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    Make a single million dollars through property was the goal yes?

    From what I've read and understand from @euro73 posting an NRAS Term is completed after 10 years and then you're on your own. Able to return the property to full market rent. By which stage you should be well into positive geared territory.
     
    Sonamic, 31st May, 2016
    #101
  2. euro73

    euro73 Well-Known Member Business Member

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    Tax Free Cash!
     
    euro73, 31st May, 2016
    #102
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  3. Francesco

    Francesco Well-Known Member

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    Be very close to city councilors

    Nocookies

    Cashing in: Auburn councillors vote to create $30m payday

    Thread is on pay basis, to read it Google this heading.
     
    Francesco, 31st May, 2016
    #103
  4. Sonamic

    Sonamic Well-Known Member

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    The best kind. :D
     
    Sonamic, 31st May, 2016
    #104
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  5. Azazel

    Azazel Well-Known Member

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    Azazel, 2nd Jun, 2016
    #105
  6. Francesco

    Francesco Well-Known Member

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    Francesco, 2nd Jun, 2016
    #106
  7. sanj

    sanj Well-Known Member Premium Member

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    Yeah i know someone who bought few sizeable commercial properties back in the day. one was around 1.5m in early 90s I believe. he gets just under 2m /yr rent atm just on that 1 property.
     
    sanj, 3rd Jun, 2016
    #107
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  8. Jamie_

    Jamie_ Well-Known Member

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    Farkkkkkk. If only!
     
    Jamie_, 3rd Jun, 2016
    #108
  9. MTR

    MTR Well-Known Member

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    very nice:) I hope this person is living the good life
     
    MTR, 3rd Jun, 2016
    #109
  10. Scott No Mates

    Scott No Mates Well-Known Member

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    If it was that easy, we'd all be doing it!

    Oh.....we are :p
     
    Scott No Mates, 3rd Jun, 2016
    #110
  11. Scott No Mates

    Scott No Mates Well-Known Member

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    Adelaide must be cheap! $10k comms/property. ;)
     
    Scott No Mates, 3rd Jun, 2016
    #111
  12. Scott No Mates

    Scott No Mates Well-Known Member

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    Or a printing business....The rest is history.
     
    Scott No Mates, 3rd Jun, 2016
    #112
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  13. MTR

    MTR Well-Known Member

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    ... but some forum members are doing this....... though the point is what is the easiest way to achieve this:)
     
    MTR, 3rd Jun, 2016
    #113
  14. Azazel

    Azazel Well-Known Member

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    Yep, or it's getting a lot more popular.
     
    Azazel, 3rd Jun, 2016
    #114
  15. wombat777

    wombat777 Well-Known Member

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    By my calculations I've increased my combined equity on my PPOR (based on valuation last month) and IP (based on recent sale of a similar property) by a total of $488k in 26 months.

    Reasons:
    PPOR - reading a market and jumping in at the perfect time
    IP - discussion on this forum backed up by my own analysis/due-diligence/reasoning. I did use a BA but gave them a significant amount of direction in the properties to investigate.

    The next $500k of equity is unlikely to be as straight-forward, although sure hope that compounding value gives it a good kick.
     
    wombat777, 3rd Jun, 2016
    #115
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  16. MTR

    MTR Well-Known Member

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    For those who trade/buy shares wondering how easy is it to make $1M?? In particular over the last 3 years.

    MTR
     
    MTR, 4th Sep, 2016
    #116
  17. Terry_w

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

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    It would depend on how much capital you have - but generally very hard unless you pick a winner.
     
    Terry_w, 4th Sep, 2016
    #117
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  18. geoffw

    geoffw Moderator Staff Member

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    If you started with $999,000 you could almost finished up with $1M.
     
    geoffw, 4th Sep, 2016
    #118
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  19. Egga

    Egga Active Member

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    Then they say once 1st mill is made you can't stop.
     
    Egga, 5th Sep, 2016
    #119
  20. Scott No Mates

    Scott No Mates Well-Known Member

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    Scott No Mates, 5th Sep, 2016
    #120
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