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Hard work and determination pays off

Discussion in 'General Property Chat' started by Patamea, 11th Oct, 2016.

  1. Patamea

    Patamea Well-Known Member

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  2. jins13

    jins13 Well-Known Member

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    l love reading stories like this! I hate whinging stories.
     
  3. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    ....and then you read the comments....
    same old, same old.
     
  4. mikey7

    mikey7 Well-Known Member

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    Pretty damn good!
     
  5. Cactus

    Cactus Well-Known Member

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    Well done to him, but I hope he improves his diet or he won't be around long enough to enjoy his newfound freedom.
     
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  6. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Well
    We get this more than once a day

    Those that are saying it can't be done need to stay out of the way of those doing it.

    Ta

    Rolf
     
  7. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Well
    We get this more than once a day

    Those that are saying it can't be done need to stay out of the way of those doing it.

    Ta

    Rolf
     
  8. Air_Bender

    Air_Bender Well-Known Member

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    Hard work definitely pays off.

    Good on him. Remarkable achievement!
     
  9. MJS1034

    MJS1034 Well-Known Member

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    Great achievement, especially at 28! I would love to know more details though. Always sceptical with articles that headline the number of properties owned.

    Would love to know his total LVR on his portfolio. He would have to be pretty well leveraged considering his passive income? But in saying that $130k gross in passive income sounds great but think about all the maintenance and insurance on 13 properties. Maybe he's not going as well as first thought.
     
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  10. Vk8975

    Vk8975 Well-Known Member

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    Well done Tony! Great to see someone who started on a low income put in the hard yards and achieve success.
     
  11. samiam

    samiam Well-Known Member

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    his hard work and determination put me into shame :oops:
    well done @Tony Fleming
     
  12. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

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    “I worked 60 hours a week, some weeks for seven days straight, and lived with my parents,” Mr Fleming said.

    Thats (part of) ^^^^^ what it takes.

    Great effort and hats off to you mate!
     
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  13. albanga

    albanga Well-Known Member

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    I do have to say though this is a fairly poor article as it fails to discuss anything meaningful about the portfolio. What is the total LVR? What is the total debt? Where are all these properties? It mentions regional for the last few properties, but where? Are they one trick pony towns?

    Taking nothing away from Tony, he is clearly an amazing and hard working person who I wish every success.

    I just don't blame the people who write comments when the article has no substance behind it. The one thing it makes look good is Dominos...I'm hungry now.
     
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  14. York

    York Finance Broker Business Member

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    Congratulations on your continuing success @Tony Fleming. You sacrificed a lot to be where you are and i know you worked very hard to get there. Looking forward to hearing more mate. :)
     
  15. Biz

    Biz Well-Known Member

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    Article done exactly what it is supposed to.

    Stir the emotions of half wits so they post defeatist comments, which they share, then their friends see it and also share, like etc while the article get read over and over generating advertising revenue.
     
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  16. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    Definitely not the typical 20 something's routine and well done to putting in the effort when most aren't doing it.

    However, many people work 60 hours a week for much longer than a few weeks at a time when required.
    Then you have people studying full time who also work multiple jobs for even longer hours than a full time employee would.
    You gotta do whatever it takes to get to where you want to be.
     
  17. albanga

    albanga Well-Known Member

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    Great Point!
    I have much to learn about journalism. No wonder why i never read good news stories about finance right?
    Pretty sure no one should have purchased a house in the past 10 years according to the media right?
     
  18. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

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    Almost with out fail articles about finance written by journalists are inaccurate full of bias and misconceptions.
     
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  19. euro73

    euro73 Well-Known Member Business Member

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    Perthguy, G TOWN and Eric Wu like this.
  20. Sashatheman

    Sashatheman Well-Known Member

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    Good on him.
    I wonder how the banks lent him enough funds with his occupation as a pizza guy?
    Also interested to know what the Net income is after the interest, insurance, maintenance etc.
     
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