How much income do I need to generate for +100 properties?

Now Im with you, thought you were referring to the whole box and dice.

 

Come to think of it, I wouldn't let my solicitor near the commerciality of the deal either.

 

I'm not sure if there are many (if any) on this particular site that would use a broker to negotiate a property purchase on their behalf.

 

Maybe a buyers agent? I wouldn't. Negotiating a deal is one of my favourite parts of the purchase process. I've even bypassed the agent and gone directly to the owner when the agent would not play ball. This was for a commercial property. The agent refused to present my offer, so I called the owner, told him what happened with the agent and asked for a meeting. It took 15 mins to negotiate the deal!

 

I thought @Perthguy was referring to himself doing the complete finance / purchase package. All sorted.

 

@Taku Ekanayake, I wonder how fast you could build up properties if you did townhouse developments? For example, if you bought one triplex site per year and built it out within 12 months for 4 years, you would have 12 townhouses. You might have built up enough equity in the first development to borrow against that for your next developments? So in the 5th year (and after that) you could maybe to 2 developments of 3 or 4 townhouses? By that point the capital growth of your porfolio would quite impressive.

 

I would be careful peeps this one smells / sounds like a scam to me.

 

Scam or not, it's been a very interesting thread. I don't see anyone trying to sell anyone anything, so no harm as far as I can see?

 

Sounded like some people had been private messaged. But only the serious investors though..Cough cough.

 

Hey @Perthguy,
Thanks for the feedback.
Yep, I think developments would definitely be part of the long-term plan.
First, I want to get a thorough understanding of property investing and also need to create/develop quite a bit of equity to be able to start a development project.
Still a relative rookie to the game

 

You've gotta get one first

 

Got my first last year in Oct in Brissie.
Looking to double my portfolio in the next month

 

And then double it again by next year

 

I like your style @D.T.

 

you never lose with Black

Blacky

 

Once you win on black you never go back?

 

There would be no need

 

If someone was to purchase properties that were always 8% + return with good cashflow

Could they then reach 20-30 properties?

Or would each new purchase require 20% deposit?