BRW's Rich 200

From: Felicity W.


What a surprise... not!

* The power of property, with 45 members of the Rich 200 generating
the bulk of their wealth from the property sector, up from 42 in 2001
and clearly the biggest category.

Keep smiling
Felicity :cool:
 
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Reply: 1
From: Adam McGuinness


Anyone here on that list? Or who will make it first?

Adam
 
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Reply: 1.1
From: Khurram Saeed


I would certianly like to know if anyone of us has done it...
I think the cut off is $80Million Net Worth...
Khurram
 
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Reply: 1.1.1
From: Jane Pryor


Hi Felicity et. al

I just finished reading the BRW list and I noticed the same thing - now just to find out exactly HOW they got to a minimum of $80m with a portfolio of largely property. Go, Go.

Jane P
 
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Reply: 1.1.1.1
From: Dirk Diggler


Your great great great great grandchildren may have a slight chance of making it, if they follow jan somers methods!!!
 
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Reply: 1.1.1.1.1
From: Duncan M


Even a paltry $1M worth of property appreciating at 7%pa will crack $80M in
66years.. even without adding to the portfolio each year..

Great Great Great Great Grandchildren is a slightly exaggerated timeframe
Dirk.

Duncan.

-----Original Message-----
From: propertyforum Listmanager
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Subject: BRW's Rich 200


From: "Dirk Diggler" <ddiggler63@hotmail.com>

Your great great great great grandchildren may have a slight chance of
making it, if they follow jan somers methods!!!



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Reply: 1.1.1.1.1.1
From: Khurram Saeed


I am acquainted with people who have bought into Commercial Real Estate, and thats how they have made the big dollars....getting to $80M with Residential would be a challenge...especially if you were only investing alone.

With large commercial deals(more risk), if bought within a syndicate group can be very beneficial. I have not done any such deals, since I am only starting out with my investment. That is something I will surely try later down the track.(another 2-3 years time).

Has anyone here done deals like that?

Khurram
 
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Reply: 1.1.1.1.1.1.1
From: Steve McKnight


Hi,

Completing a syndicated deal like the one that you mentioned is on my long-term investing horizon.

My very rough plan would be to form a syndicate of about 20 investors all chipping in $100,000 each (ie. $2m) and then go and buy a Bunnings Warehouse or small supermarket etc.

This is a long way away, but I have just purchased my first commercial property. $155,000 for something that is renting for over $400 per week.

Low outgoings because the tenant pays for most expenses with a commercial lease.

I thought this was a good deal to test drive my first entry in to the commercial market.

Happy investing.

Bye

Steve McKnight
http://www.propertyinvesting.com
 
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Reply: 1.1.1.1.1.1.1.1
From: .watto .


Hi Steve,

The numbers sound good....but...

Are the tenants signed up on a good long term lease...

Another thing to consider with commercial property is the lease is only as good as the business.

If business falls over then landlord is usually a long way down the creditors list.


Cheers
Watto
Melb Freestyler
 
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