Nathan Birch

Question...for you Karina? You ran a BA agency in the USA....could you have even contemplated sourcing 100 quality properties?

100 properties per month eh??

Maybe I am not doing it right....but out of the 100 or so properties I have researched...only 10 stack up in Brisbane as investment grade..of that I will only be able to get to buying point with 1-2?

What am I doing wrong??

 

Sash, gosh no, If I was able to find 5 or 6 good properties a month I was doing well.

 

Dere ya have it.......I was worried....after 15 years of investing...I had it all wrong. Phew.

The other thing..I am noticing..is there are a hell of a lot of people from Sydney buying in Logan. Ask the question....are these mostly investment purchases...what will happen the status quo returns...something to ponder?

Interesting....huh......as someone said the "Mind is a terrible thing" to waste!

 

Sash
It's chalk and cheese! need to look at size of operation, Karina is a one person operator and a brilliant operator at that.

Too many variables IMO, ie number of staff if you have 10 employees sourcing properties who knows, could be possible?

also dependent on the product, what they are sourcing for their clients it would be easy if they were sourcing developments/OTP apartments, land and house packages etc

At the end of the day if he achieved half of what was quoted pretty damn amazing.

MTR

 

No question 100 properties a month is a LOT. I would imagine he would have lots of people working for him to be able to acquire that many. According to the article they were in Brisbane. I think the timing is right for investing in Brisbane so if they are decent purchases most people should hopefully do ok. I hear you about Logan, everyone is talking about it.

 

***** noob!

Seriously but, most people dont understand, show them an apartment in a complex of 50 yielding 7.5% and they think its gold.

 

As others have said, even if Nathan has achieved half or even a quarter of the success stats published, hats off to him.

I have nothing but smiles and admiration for people like Nathan brave enough to give it a go, young, and turn it into a thriving business

Even if he faces some tumbles over time (all property pioneers do - look at Jan Somers for instance), he will remain a success in my book.

 

Lets say I am talking to agents in Brisbane.....they are laughing all the way to the bank.

As a matter of fact...they are laughing at some of the buyers agents already.

There is no way you can be buying 100 properties a month....unless a large portion are unit blocks. There are not many old blocks on the market. So that would be largely newer stuff....why would some idiot pay a BA to buy something off the plan...dumb...dumb....a recipe for disaster.

Here is how it will go:

1. BA proposes a client buys off the plan.
2. Client pays BA 10k.
3. Client pays developer 10% deposit or deposit bond

What a farce....the client has not even actually bought a property and the BA has collected 10k.

Now here is the really furphy....what happens if the banks do not value up the property? The client loses the 10% deposit as well as the BA fees.

Some of these people need to play lead characters on dumb and dumber!

 

Yes, well have a read of "EOS armchair developers" on SS, that will make the hairs on your neck rise.

MTR

 

OK....will do.

My hairs on my neck are already rising....wow....I can see the whole raft of what happened in early booms repeating again. Wow....human nature is so predictable.....

 

Batten the helms

 

...and what if it was half of the value? Pretty damn amazing at that regardless.

 

Nah..instead seeing "dead people" ...I am seeing future dollars....as Warren Buffet said money moves from the impatient to patient.....

 

can someone find me 20 taxis for 500k? ill pay finders fee

 

So hommie....how did ...Biggie Smalls end up..see below....?

http://www.biography.com/people/biggie-smalls-20866735#troubled-times

Waas up holmes....you come to the barrio...and ruffle feathers..home....ssup....

Old skool rulz.....se mon!

 

Mate its the Druie edumacation system.....most fail maths.....

Last I looked.....20 Sydney taxi (plates) would cost about $7.6m (about 380k per pop) as a minimum....and it would being in about 20k per year or 400k per annum!

 

screw that id rather just buy 500 ex taxis

 

Maybe Nathan should have bought taxis instead.
That return is 3 times as much as the 500k hes getting on 24 mil equity in resi property.

 

As I said...its "Bogan" maths talking.....

Question....what do you call people who religiously follow "Bogans"? ...a serious question.......will see if there is a term...otherwise I might have to invent a term.

 

Its called Boganomics