Secret to Making Millions in Property

Just read this - Man Who Has Secret To Making Millions From Property Investment Decides To Run Property Seminars Instead | The Shovel

 

As soon as I release my book, bang, I'll be straight into the seminars. Or should I do the seminars first, that way I can promote and sell the book at the end of the shindig?

 

He's likely made millions from his portfolio, but has little actual cash flow, hence the seminars.

 

@datto Your doing it all wrong! Apparently doing property seminars is Step 8 of his 8 step plan.

 

Kama sutra comes to the Druie

I'll take one.

 

Did you get your feee tickets?

 

Interesting point actually - that makes sense. Why doesn't he just get a steady job for the cashflow though?

 

Sure did!

 

So what're the other 7 steps, please?

 

Perhaps because he can make a lot more money by spruiking? You may have free tickets, but I'm willing to bet at his presentation there'll be other ways for you to spend money with him.

 

Funny thing is your local Real estate agent who has been in the industry 20-30 years knows the secrets, but who would listen to him.

 

Simple, never ever sell unless you have to.

 

My secret is sell often and use the capital gains as your profit as it’s taxed at a lower rate than any other income.
I have owned well over 200 properties in the last 30 years and would still say this is a far better option for massive wealth increases.

 

Me

 

Dang...Busted!

 

Hi Car tart - what do you do with the profits you get? e.g. do you re-invest it in shares, use it for deposits for more expensive properties, or just keep it in the bank?

 

With that volume of turnover it makes sense.

Sounds like an interesting strategy and story, tell us more.

 

I have written how I made my first few million on a post before. Then I stepped up a few gears. I have not invested in shares. I no longer need to borrow. I simply bought well waited and resold for the gain. Sometimes I would buy 3-4 home units in a dilapidated building wait for the tenants to move, do up all the units, do up all the common areas through the strata and within two years make a 30-40% profit. I often got the entire body corporate on side as I own a strata management company and showed them I was putting my money where I was putting my faith. I studied council records for zoning changes. Later I looked for much bigger profit margins.
These are some of mine earning me 30-50% per annum at very low tax rates and many with no tax payable because they were resumed by government.
$1.65 to $9.95
256 Garfield Road East, Rouse Hill, NSW 2155
https://www.realestate.com.au/sold/property-acreage+semi-rural-nsw-rouse+hill-134819626
$1.9 to $6.1
https://www.realestate.com.au/property//6-nelson-rd-box-hill-nsw-2765
$2.35 to $9.71
https://www.domain.com.au/property-profile/8-nelson-road-box-hill-nsw-2765
$950k to $6.2
https://www.domain.com.au/property-profile/20-hynds-road-box-hill-nsw-2765
and I could go on for dozens more pages going down in value as obviously you start cheaper and build up as you go.
My current ventures are
Purchased $2.5 million from ex wife in 2015
Spent 7 million on additional land subdivision costs
Currently preparing marketing program for $32 million of land value alone
https://www.realestate.com.au/property/8-mason-rd-box-hill-nsw-2765
and a few others.


Im a strong believer that you do not keep real estate long term. You keep till you realise your projected max value return. Realise your return then look for the next huge return property. You only get one tax benefit in selling each property, so the more properties you sell the more tax breaks. If you look up my earlier post it shows my earlier ventures from when I started with $6,000 against my parents wishes as a 19 year old.

I am not a regular developer as I do not buy to develop. I only develop now as I am bored with lockdown. I consider myself a land banker. Yes I am audited by the tax department regularly.

 

Thanks mate, and yes I remember reading your other posts in the past.

Yeah looks like the ventures are very much associated with land rezoning, creating value, then selling it for a profit etc. Also buying old/bad units, and again improving and creating value then selling.

Good info here, thanks.