Secret to Making Millions in Property

Didn't make sense to me at first read. Now it does, but it assumes
A) you can keep recycling into mew things hat will do better than what you are selling
B) the growth on what you buy will exceed the growth on what you sold by a big enough margin to overcome large transaction costs
C) you/your broker is a wizard with financing as you keep substituting securities etc.

 

Car tart is a real genius for making money .
I think the average bloke could never dream of this success.
Lesser mortals that do not have these skills may will stick to a different way of making money. Like buy and hold.

 

No I’m not brainy or educated. I’m a great numbers man and I used to be a workaholic.
My three daughters (33,33,34) have followed the steps and they don’t have a great amount of time as they are workaholic business women. I learned from trial and error. They learned by watching dad. (I’m 60)

I have posted before that I think this is the toughest market ever to buy great deals in.

 

Anyway great admiration of your knack and talent in property!

 

Oh yeah, tend to believe a lot of stuff is possible with enough energy and perseverance, and it sounds like @Car tart has killed it. If you can do it, it's like supercharged compounding. Instead of say buy-hold long term 8% growth through multiple cycles, you keep scooping the cream off every 5 years on specific plays, so say you're doubling that. And yeah great point it is still taxed less than income, circa 25%, so working these deals is still more efficient than working a PAYG.

If you're like most mere mortals, you might have a great property, cash it in to re-deploy, never find the same sort of opportunity, sit on the sidelines, watch as the market gets away from you..