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Thats the best scenario. Developing is like the pinnacle/elite echelon of resi investing and I don't think most resi investors do it nor have the skills/aptitude to do. I think once you start developing, you have gone far beyond the average buy and hold / pos gear/cashflow / neg gear skill...

I hope that luck only plays a small part. Maybe determination, self belief, perserverance, mitigated risk and some sound underlying business principles should form the majority role?

I agree, no one really needs more than a couple of mil and a good house. However, I think that the top 20 are there not because they need a couple of billion but enjoy seeing the success of their business ventures wherein the money is like the scoreboard. My question is whether passive resi...

Thats a lot of time and effort invested to get 4k. I wonder what is their hourly rate for their efforts and return on time invested / profit margin.

So would it be reasonable to say that for those that want very significant wealth, it may be an idea to emulate the strategies of the top 20? Clearly, they have a proven model which works whether it be in property, share investment or business model. Then there are countries e.g. NZ which have...

I can identify with this. Recently, my mother, who knows and agrees that I need to be more proactive with investments beyond term deposits, told me that her cleaner wants to offload her Camperdown OTP apartment which is due to settle mid next year at expected completion. She seemed...

This is what I have always thought. I look at the top 20 wealthiest people in australia and find that none of them have got there by building a humongous resi portfolio by neg gearing. I wonder whether any of them hold any resi IPs at all. In contrast, some of them hold massive comm IP...

I find this hard to understand. Why take on a loss making investment when you could be profiting from day one. I find that neg gear is a far more speculative venture wherein for a period of time you are incurring an investment loss in the hope that you will have a large pay off down the...