It's amazing what you become comfortable with, and what it then takes to break through into the next zone. I had a fascinating talk to an uncle-in-law yesterday afternoon, who is (or was) in the business of acquiring and subdividing lands not-too-far-away. As an individual, he told me about being 'johnny on the spot' a few times, and snagging ridiculous deals. These were purchases with no money, writing a cheque that bounces, but having a network to then pick it up. The name of the game was not the money, the terms, the conditions, but getting the contract. The 'how' came later. The network would rings around looking for new sources. He regaled of one particular deal where no bidders at an auction wound up with him buying 2 consecutive and adjacent plots of land. He had no money, but wrote a cheque. By the time it bounced he hoped, and came up with a plan B, securing a 2 million dollar buy which he promptly did very little to, and sold for 7 to a big multinational company (his favourite buyers). He describes his best purchases as being 'historical owners' (intergenerational, where the latest inheritors don't know or don't care), and the government - the latter has tightened now apparently. He and his associates were really hitting their straps prior to GFC, with nearly 50 million in loans on 110 million in property when the money dried up. This was also the time some big name developers also got shut down with foreclosures - the bank recalled loans despite not being in arrears. Wiped them all out. He's back in the game as a site-finder for my brothers-in-law. It will be interesting to watch their progress. They are 2-3 years in now, and their sites are starting to tick over. It all makes any pipe dream 10% gains on $400,000 properties look decidedly average! (But in his words - "there is no risk in what you are doing", and "I am a grade A idiot".) Thought I'd share.