From another website...
"There's a thread on this forum with over 1400 posts (fav SS thread) slagging off at how stupid property investors are. I guess they must be stupid and lucky"
So as a PI do you feel that you are stupid and lucky?
As my properties roar up and i look at a conservative capital gain this year of 750k, i don’t particularly feel lucky or in fact stupid. What people don’t realise that at some stage, if you are any good at this you have to put your b@lls on the line. Like in 2000, I had borrowings 25X my income and just worked my *** off to pay the shortfall with lots of weekend work.
Am i lucky, that now after holding onto some of that portfolio i am now worth close to net 3m? I don’t feel lucky, I feel like at times it was hard work and that occasionally i really wondered weather it was worthwhile.
So you people that are starting off, dont expect and easy ride but a hard slog imho.
What about you other experienced PI's, are you lucky and stupid?
pieman
"There's a thread on this forum with over 1400 posts (fav SS thread) slagging off at how stupid property investors are. I guess they must be stupid and lucky"
So as a PI do you feel that you are stupid and lucky?
As my properties roar up and i look at a conservative capital gain this year of 750k, i don’t particularly feel lucky or in fact stupid. What people don’t realise that at some stage, if you are any good at this you have to put your b@lls on the line. Like in 2000, I had borrowings 25X my income and just worked my *** off to pay the shortfall with lots of weekend work.
Am i lucky, that now after holding onto some of that portfolio i am now worth close to net 3m? I don’t feel lucky, I feel like at times it was hard work and that occasionally i really wondered weather it was worthwhile.
So you people that are starting off, dont expect and easy ride but a hard slog imho.
What about you other experienced PI's, are you lucky and stupid?
pieman