Millionaire on Big Brother - Property Investor
- Thread starter Anon_
- Start date
I saw that article a few months ago,
Great story
However, I lose respect for anyone that watches big brother let alone goes on it
Great story
However, I lose respect for anyone that watches big brother let alone goes on it
He needed the money?However, I lose respect for anyone that watches big brother let alone goes on it
When is that on Lizzie?
It's not on Lizzie, it's on TV.
Next one is 1030 this morning (Wednesday 15).
Last one was last night at 730.
For years I've had access to my parents accounts, for business, IPs and personal
Not free reign like his where it is all communal but certainly complete access.
Nothung unusual imo although I guess fairly uncommon
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He is bored, wants a glamor wife. I mean when yo have made it what else interests ya?
Peter14.7
Ok, I just removed what i posted after reading article.
Sharing accounts is not common and invites all types of challenges re tax and NG allowances. If anything you should have many separate accounts to keep it clear.
On the guy himself not surprised to find he is immigrant family with no dad to mention hence he is man in the family. This not uncommon and explains why in many Countyr town the locla Fish and Chip shop MR Populous etc... own half the commercial shops. They work hard and dave hard and work together going guarantor. This wipes out the typical Gen Y stereotypes and age issues. He has good investing genes!
Good on em! I wish I was Greek.
Peter 14.7
Is it just me or are some of those estimations of valuation and rent high?
building for $452k but worth $1.5M, even if include PP being just land value $310k thats $762k
or $570k build $580k PP value estimate $2.5M and $12k p/w rent even at 48 weeks thats more then 1/2 Mil in rent p.a
building a house for $335k and it being worth $1.3M
Am I missing something? Great returns on investment...
building for $452k but worth $1.5M, even if include PP being just land value $310k thats $762k
or $570k build $580k PP value estimate $2.5M and $12k p/w rent even at 48 weeks thats more then 1/2 Mil in rent p.a
building a house for $335k and it being worth $1.3M
Am I missing something? Great returns on investment...
Property vals are based on yield in Newman (and Karratha, Port Hedland etc) with about 10% in K and 11% in Newman/PH.
IIRC, the $452K build was on the back of a IP he already owned and it was rented for about $3200pw? Based on about an 11% yield, that values the built property at about $1.5M.
Nature of the market up to now.
Interesting to see the effects of the impact of more land released and housing stock coming onto the market in these places in the Pilbara.
I was eyeing off that 20% yield too. Please somebody tell me there's a typo or a decent explanation on the second page of the article.
Doubt there's a typo, maybe an error in the calc.
With a $12K pw rent that's $624K pa and with the town yield of about 11% that's a value of about $5.7M.
Need to re-read the article at home to remember how it went.
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