Public opinion of property investors. (Tony Flemings 13 Properties at 28)

A pity he's going to share the strategy with all these nut-jobs.
He did well with the first property. It's pretty common for kids to live at home and save their deposit these days.

 

Give me a steak any day. I'd rather pay 200 for a steak than 6 servings of caviar.

 

It's a lesson in mindset.

Some folks pre-decide they can never have something, and will find reasons to justify their beliefs, lack of goals and resulting inaction ("investing is risky", "investors are greedy and I don't want to be greedy" etc).

Others know they can achieve their goals and will set out to learn how to attain them, make a plan and get into action.

Sifting through such comments, it's very easy to see who has decided "impossible" vs "possible".

 

Where would you buy today on a dominos pizza wage out of interest?

 

Also, very illegal (State and Federal). Purchases his first property, claims the FHBG, then rents out rooms (and for a reno) in the first 12 months.

 

Victim mentality basically. If we all had the mindset of the people in those comments as a race we would never progress. We would still be living in caves, hunting for food with spears and wiping our arse with leaves.

 

Society and country is indebted to you for keeping the economy going.

Just curious...which of these trades would have remained unemployed if OO had bought the property instead of Investor ?

 

These stories are a little exaggerated, based on my experiences in past.

Having said that, even if it is 70% true, the achievements of the guy is commendable.

Saving is a good thing. Spend a little time doing it and it is a part of your life. In your blood. Makes you go places and do things that others can even think of.

The only think that I can think of is, he started pre boom and continues to buy. Does he knows about cycles and markets?

A wise man once said to me, jealousy from others is good. It is a sign of your progress. So boast of your achievements and you will always have plenty to speak.

Regards

 

True. Unless he lived in it for the first 6 months of course. They didn't clarify in the article.

 

Melbourne, brisbane, SA ( in same order of preference). Where will be a worthy question?

Regards

 

I like the way Chris Grey puts it, the wealth of 90% of the population was in that one property that he owns. If I can have one property, why not 2, 3, 4, 5, 6 and so on... That sets the stage for the empire... never mind the naysayers, the ownership etc. I don't really care.

 

It's great reading success stories, but there should be an equal balance of unsuccessful stories where some guy declares bankruptcy after over-mortgaging or unrealistic development plans.

 

Gimme a break. Mindset? No such thing mate, its all pure luck. Everybody knows that.

 

Why?
He is young. So in an acquisition phase, would expect much employable equity to be there st present unless he has hit a servicing wall.
Does there need to be $1m+ equity in order for him to be classed as "successful".
Portfolio is obviously servicing itself and partially him given he is "semi retired".
Given he built it on the back of working a modest job with no big inhertatence I think he has done a wonderful job to date...

I don't feel there needs to be more numbers shown, as even with them 1. Many won't be able to understand them 2. Not understand them in relation to his strategy and thus pass judgement.

It was interesting reading all of the comments on the article, all people who have done nothing and complain about everything.

 

Developers going bust are a dime a dozen, even non property investors would know some kind of story of an apartment block not being finished, builder went under, developer didn't have funds to finish and some other company bought it and finished it off.

 

Also i'm slightly confused, He's making all this income from his property empire but has now set up a business as a buyers agent?

Which makes me wonder whether what is reported is accurate or just a good advertisement for the company?

 

Most, I say most (not all) criticism and negativity comes from another's self projection onto you..
water off a duck's back!

 

I guarantee you without a shadow of a doubt, most if not all of the negative, jealous naysayers have not and never will build financial wealth.

 

Hi Jasmine I actually lived in the property for 8months before getting my friends to move in and pay board. At the time you needed to stay there at some point in the first year for 6 months.

 

Thats because its only available to the extremely lucky / extremely rich