My Brag! 100% plus in 4 months exactly.

Settled on 21 June 2018 $2,540,000.
Offered $5,500,000 yesterday.
Said no, due to tax implications.

You don’t get too many of these in your life.

 

Brag is awesome. Bit more insight to help fellow investors build wealth is great!!..

Famous saying - "Gaining knowledge is the first step to wisdom. Sharing it, is the first step to humanity"..

Grats anyways!.. keep winning

 

Have you considered an option contract with a put/call option? Exerciseable by the vendor (after 12 months so you get the cgt discount but retain control by being able to call the shot once the purchaser gets DA or hits 12 months?)

 

Actually it was all written in previous posts.
I’m never interested in rental returns. I only buy acreages in Sydneys North West. Box hill, Riverstone, Oakville, Rouse Hill, kellyville.
I’ve made over 600% in 10 years on Hynds Road
400% in 4 years on Mason Rd and
300-400% on two in Nelson Rd
500% on Garfield Road
And am looking at a 10 fold gain in 15 years on Worcester Rd.
Just read all the stuff put out by Growth Centres Commission or whatever they are now called.
This is the 100% in 4 months property. 18/5/2018 was date of exchange
https://www.propertyvalue.com.au/property/22-hession-road-oakville-nsw-2765/5139151

 

I’m fairly cluey and am looking at signing an option and then loaning them 80% of purchase price at 12% pa interest paid monthly until settlement of the lots they are creating.

 

If there were a bragging rights competition, you'd win it hands down Mr Car Tart. Or is it Sir Tart?

 

When you succeed, it is your duty to encourage others!

 

And the world will be a better place.

Who said property investors are a selfish lot? The media?

 

AMAZING EFFORT!
Can I just ask with these kind of gains what your end game is?

 

I am not as successful as I should be (no where near a billionaire) I gave half my fortune in a divorce. I no longer have a plan as I only do what I want to do and as I am a first generation Aussie of poor immigrants I have no huge ambitions to buy the trappings of wealth. I do live comfortably and own more than 2 dozen cars. But despite selling my last house for 8 figures, my new one cost me less than $2m. I give a lot to Charity, family, friends and staff but very little to my 4 adult kids. (They don’t need it) so really just aimless.

 

2 dozen cars! Stuff the property investments, I want to see the cars!

 

Just have to ask,did the ""Wife"" also take the cars and you ended up with 20 or the cars were within the settlement ..But well done most I know never recover from a split..

 

Dominic’s albums | Flickr

 

LOL. no just cash value of everything. Split in two.

 

Always happy to give investment advice to the kids. But its up to them whether to take it or not.

 

wow, un real deal. congratulations.

 

C

Can you adopt me? I'll take the advice...

 

Advice!
Take it or leave it kids.

I think this pretty much summarizes my investment philosophy.

Live as cheaply as you can. Ie at home as long as possible.
If you need a car buy the cheapest that your dignity allows.
Work as long and hard as you can saving as much as you can.
Cheapest phone and plan.
Only go out 2-3 times a year somewhere nice or expensive.
Stay away from drinking, dining out, drugs, fancy cars, gambling.
Watch your spending as income is nothing, if you can’t save a huge %
All this is up to your target.

Buy your IP in an area that you know well and have easy access too.
But properties that you can guess the identity of who will buy it from you,
IE. Next to growing private schools, land to be rezoned or amalgamated into “superlots” next to growing shopping centres or to be resumed by state government departments.

 

1972 Monaro! Red! My God!