The guy in the tracksuit always beats the guy in the suit at any auction.
Unless the guy in the suit is a Buyers Agent
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The guy in the tracksuit always beats the guy in the suit at any auction.
The guy in the tracksuit always beats the guy in the suit at any auction.
Not always. I once was wearing a suit and won the auction
Oscar
It's interesting that some of the names I heard actually have such small portfolios. You wouldn't even be able to buy a house in places like Mosman or the likes.
There are much more successful real estate investors out there. Be good if the magazines can actually introduce these people, but you wouldn't even know what their name was to find them.
Proves these magazines are rubbish
My portfolio is $12mill with $5mill debt.
I've done a few media things (API and TV) and I can tell you they do quote you and take you out of context to suit their agenda. In the API magazine they quoted me saying something I never even said!
Oh absolutely. The media always quotes people out of context. And reality is there's nothing most people would do about it. Would you sue them and cause a fuss? Nope. Even if you did, it wouldn't reverse the damage done.
Oh absolutely. The media always quotes people out of context. And reality is there's nothing most people would do about it. Would you sue them and cause a fuss? Nope. Even if you did, it wouldn't reverse the damage done.
Let me confirm that when media say things there is no proofing it.
My portfolio is $12mill with $5mill debt.
The range from shopping centres to penthouses in noosa to crappy houses I bought few years ago. One common factor on all of my properties, they all make money, all are strong cash-flow, all were purchased below market value.
Didnt read the whole thread but saw my name in a post with numbers that were incorrect.
And we all remember that my portfolio started in Western Sydney with properties that were never going to make money
Magazines are good but the papers and tv are the pain because they quote numbers they dont know how to calculate. I remembered a few years ago i was feature in BRW qnd they audited my assets and liabilites which was pretty annoying but cool at the same time because it shows commitment and authenticity.
Not too sure about those guys Redwing, just keep looking out my windshield forward and not beside me so have no idea. I hear lots of rumours about the others out there but you never really know whats fact or rumours..
Your figures are wrong (probably because the OP's figures are misleading). The figures are NET worth (well in Nathan's case anyway) not portfolio worth.
I don't bother reading the success stories in the property mags where Mr and Mrs Successful have a $2M portfolio ..... read the table at the bottom of the article and they are 85% leveraged and have the same net worth that us Mr and Mrs Below Average Nobodies have.
Travelbug......is there a website I am not getting which publishes networth with certainty?
No one knows ones networth with absolute certainty...even the ATO does not know this.....what I am pointing out is the naivete of the world around us....