Property Investing phrases you dislike

Discussion in 'Investor Psychology & Mindset' started by Greyghost, 9th Jan, 2016.

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  1. 380

    380 Well-Known Member

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    "buy 10 in 10 years. sell half , pay off other half and live on rent"

    forget abt inflation, selling agents fees, tax,etc
     
    380, 11th Jan, 2016
    #41
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  2. Sackie

    Sackie Well-Known Member

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    Thats the slower version... if your really good you can buy 10 in 7 mate and be a multimillionaire ;)
     
    Sackie, 11th Jan, 2016
    #42
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  3. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    "If the numbers work"
     
    Property Twins, 16th Jan, 2016
    #43
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  4. Scott No Mates

    Scott No Mates Well-Known Member

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    WOFMAT - oops, that's my assessment ;)
     
    Scott No Mates, 16th Jan, 2016
    #44
  5. DoubleD

    DoubleD Well-Known Member

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    Get this all the time at work, from those who's only investment is their new car on salary sacrifice from the guy in a suit at one of those painful staff meetings :eek:.
     
    DoubleD, 16th Jan, 2016
    #45
  6. DoubleD

    DoubleD Well-Known Member

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    8 years of rental guarantee absolutely NO VACANCY
     
    DoubleD, 16th Jan, 2016
    #46
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  7. Bayview

    Bayview Well-Known Member

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    "We're here to sell!"
     
    Bayview, 16th Jan, 2016
    #47
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  8. Sackie

    Sackie Well-Known Member

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    Can i ask what's wrong with that? I'm sure when your looking at a deal the numbers are quite important. .aren't they. .? At least for me it's mostly about the numbers working.
     
    Sackie, 16th Jan, 2016
    #48
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  9. Bayview

    Bayview Well-Known Member

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    What the agents think are good numbers are not necessarily what will work at all - but they carry on like they know.
     
    Last edited: 17th Jan, 2016
    Bayview, 16th Jan, 2016
    #49
  10. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    It's a loosely used term. It's thrown around a lot and often ignoring many other important aspects such as location...

    Like buying a $100k hole in Trashmont and renting for $200 and no capital growth.

    Sure numbers have to work, however if there is no CG to happen then it's useless

    Though the irony is, the numbers must work :p Just that it means different things to different people. To person X a 5% return is numbers working and to person Y, 10% is where the numbers work.
     
    Property Twins, 16th Jan, 2016
    #50
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  11. Sackie

    Sackie Well-Known Member

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    Oh I agree BV. I never believe anything agents tell me. I wasn't referring to the agents shooting off numbers, but rather our own number analysis.
     
    Last edited: 16th Jan, 2016
    Sackie, 16th Jan, 2016
    #51
  12. Sackie

    Sackie Well-Known Member

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    I agree with you @MsAli. Yes its really quite an individual thing about 'the numbers working' as you've mentioned. Also another great point you said is about CG. I agree there is little point of 'the numbers' working' if there is no outlook for decent CG in a decent timeframe. I do think thought when using the strategy of property development, in that instance, really 'the numbers' are pretty much everything.
     
    Sackie, 16th Jan, 2016
    #52
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  13. Azazel

    Azazel Well-Known Member

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    If you're failing to plan, you're planning to fail.
     
    Azazel, 17th Jan, 2016
    #53
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  14. Gockie

    Gockie Life is good ☺️ Premium Member

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    I actually like that phrase.... I think its a good one.
     
    Gockie, 17th Jan, 2016
    #54
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  15. Sackie

    Sackie Well-Known Member

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    @Azazel sorry my dear friend...i agree with Gockie on this one :)... Planning is so important imo. Otherwise its like a headless chook wanting to win the 1500m marathon. :D and i'm sure you've done heaps of planning to be successful and get to where you are today mate.

    Short term, people can get lucky without planning sure.

    Long term, to build a massive, successful portfolio without planning, i doubt its going to be possible for the masses.
     
    Sackie, 17th Jan, 2016
    #55
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  16. Azazel

    Azazel Well-Known Member

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    It's an Ok saying, I've said it myself ;)
    I actually hate most of the typical cliched sayings in normal conversation.
     
    Azazel, 17th Jan, 2016
    #56
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  17. Sackie

    Sackie Well-Known Member

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    Its probably becasue as invesotrs, we are anything but 'the typical'. ;)
    And if some think its arrogant to think that, who the hell cares. Its reality.
     
    Sackie, 17th Jan, 2016
    #57
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  18. Spiderman

    Spiderman Well-Known Member

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    'Property educator' = unqualified (can call oneself that without needing qualifications or experience)

    'Material is for educational purposes only' = slick but high risk

    'blue chip suburb'

    'golden mile'

    'we buy wholesale and pass on the savings to you'
     
    Spiderman, 17th Jan, 2016
    #58
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  19. MTR

    MTR Well-Known Member

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    Can I turn a blind eye to this one...hehe
     
    MTR, 18th Jan, 2016
    #59
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  20. MTR

    MTR Well-Known Member

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    Does wholesale include 20% for the sales person??? I'm in:)
     
    MTR, 18th Jan, 2016
    #60
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