Victor Kumar's Story

Discussion in 'Investor Stories & Showcase' started by Simon Hampel, 17th Jun, 2008.

Join Australia's most dynamic and respected property investment community
  1. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,419
    Location:
    Sydney
    Audio from the SIG meeting held in Sydney last night is available over on Somersoft - see this thread for more details: SIG Meeting Monday June 16th 2008 - Victor Kumar - Somersoft Property Investment Forums

    Part 1:
    [audio]http://www.somersoft.com/forums/gallery/data/3017/Victor_Kumar_1.mp3[/audio]

    Part 2:
    [audio]http://www.somersoft.com/forums/gallery/data/3017/Victor_Kumar_2.mp3[/audio]

    Part 3:
    [audio]http://www.somersoft.com/forums/gallery/data/3017/Victor_Kumar_3.mp3[/audio]
     
    Last edited by a moderator: 17th Sep, 2016
    Simon Hampel, 17th Jun, 2008
    #1
  2. BillV

    BillV Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,555
    Location:
    Sydney
    Sim,
    How does 72 properties only total 4 Million?
    Even at $100K per property it will be 7.2 million
    Cheers
     
    BillV, 17th Jun, 2008
    #2
  3. Heavy

    Heavy Member

    Joined:
    1st Jul, 2015
    Posts:
    9
    Location:
    Sydney, NSW
    Im guessing it's total property porfolio value minus the amount still owing to the bank. However you look at it its still a remarkable achievement.
     
    Heavy, 17th Jun, 2008
    #3
  4. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,419
    Location:
    Sydney
    Not sure where the figures come from. He does do a lot of joint-ventures though, so that may be where the difference is.
     
    Simon Hampel, 17th Jun, 2008
    #4
  5. BillV

    BillV Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,555
    Location:
    Sydney
    Thanks guys
    I had a listen to the audio and in part 1 he mentions that his portfolio is actually worth close to 22Mil
    Cheers
     
    BillV, 18th Jun, 2008
    #5
  6. ffc1883_1996

    ffc1883_1996 Member

    Joined:
    1st Jul, 2015
    Posts:
    22
    Location:
    Melbourne, VIC
    Inspirational

    Thanks Sim!
     
    ffc1883_1996, 18th Jun, 2008
    #6
  7. Handyandy

    Handyandy Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    651
    Location:
    Sutherland
    As Sim mentions he does JV's

    I understood it as 72 properties where he directly owns 30 odd with the rest in JV's where he has no direct ownership but own 51% of the control and capital gain. I think he mentioned that this is achieved through a deed of arrangement.

    Cheers

    PS you can also read part of his story on his web site

    Right Group Australia - Welcome
     
    Handyandy, 18th Jun, 2008
    #7
  8. DevD

    DevD Well-Known Member

    Joined:
    3rd Apr, 2022
    Posts:
    62
    Location:
    Melbourne
    These links are not working anymore
     
    DevD, 29th Apr, 2023
    #8
  9. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,419
    Location:
    Sydney
    Well, it was from 15 years ago on a site that is no longer active :rolleyes:

    A quick search on Somersoft found the thread - SIG Meeting Monday June 16th 2008 - Victor Kumar

    I don't think the audio files are there anymore.
     
    Simon Hampel, 29th Apr, 2023
    #9
    DevD and Angelina like this.
  10. Gockie

    Gockie Life is good ☺️ Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    14,831
    Location:
    Sydney
    I was looking for private conversation info from Somersoft the other day - but I think it's not available anymore
     
    Gockie, 29th Apr, 2023
    #10
  11. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,419
    Location:
    Sydney
    No, all user accounts have been disabled and depersonalised and all private conversations have been deleted. You couldn't log into your old account on Somersoft to read the conversations in any case - even if they still existed.
     
    Simon Hampel, 29th Apr, 2023
    #11
  12. Piston_Broke

    Piston_Broke Well-Known Member

    Joined:
    30th Jul, 2015
    Posts:
    4,172
    Location:
    Margaritaville
    Ahh the old gurus...
    Likely nobody ever found out about the "72" properties he "transacted on", or was "involved in" in the suburb of LaLaLand.

    But the wealth model sure was dope on this one...
    Go to rich country
    Get gov job
    Claim compo pay out for bad back after a year or two
    Buy a few houses
    Boom! Be a property expert, broker and BA
    Teach people how to be be rich "from scratch"
    Watch the forums lap it up :rolleyes:

    [​IMG]
     
    Last edited: 30th Apr, 2023
    Piston_Broke, 30th Apr, 2023
    #12
    spoon likes this.
Build Passive Income WITHOUT Buyers Agents!

Build Passive Income WITHOUT Dropping $15K On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia