Strategy to make $1M in Sydney

M

MitRobHar

Hi everyone,

I have a good-sized portfolio of over 10 properties and have done a few renovations in the last year but in 2014 I'm ready to step it up to the next level.

I want to make $1M in a single deal.

This could be cash or equity, it doesn't matter. I would love to hear everyone's approach to doing this. As I do, please assume you:

- Have $5M in cash
- Want to do something in Sydney
- Work a current full time job (i.e. can't spend 40 hours a week project managing)
- Are not a builder

Of course I could continue to buy and hold one property at a time, but that's boring. Excited to hear your ideas, whether it's something to do with a block of apartments, commercial, development, etc.

My leading idea is to buy and reno a block of 4-6 apartments in the eastern suburbs or lower north shore ($3M purchase, $1M reno, $5M end result), so please try to beat that idea :)

Thanks!
 
If you had 5m to spend at that level there is less competition. I would just look for something, or even a few deals that are undervalued and flip it.
 
If you're keen to have a crack at making 1 million in 1 transaction, I highly recomend the casino.

1 Mil on roulette & you get 5 attempts. Chances are good that atleast one will pay off.:D
 
I would buy a medical centre and charge 28k per day for eye surgery performed by an indonesian doctor on a working holiday visa named bilbo
 
Actually I would buy a CIP. Next to a bank. And cut a hole through the wall into the vault and steal the $1m. Could be done for well under $3m buy in.

And when you are done, rent it to a doctor and pathology company and sell it.
 
I think a house of ill-repute would surely make a million bucks and I dont think you'll need 5 mil. to start the ball rolling. It might need more than 1 hit though lol
 
datto said:
I think a house of ill-repute would surely make a million bucks and I dont think you'll need 5 mil. to start the ball rolling. It might need more than 1 hit though lol
Click to expand...

They had an article on that recently saying that revenues are actually down in knock shops and some are having to close.

I think the real question here is, are you trying to get $1m ontop of your $5m so you can be the Six Million Dollar Man?
 
Buy a large block in Western suburbs with a crappy house you can turn into a meth lab, get your meth lab gang together, make your million on ice, then subdivide and sell off the blocks. You could offer a free crack pipe and baggie as incentive to buyers.
 
CJay said:
I think the real question here is, are you trying to get $1m ontop of your $5m so you can be the Six Million Dollar Man?
Click to expand...

....yes I am...the 6m man...and my real name is Steve Austin...and when I run fast its in slow motion
 
CJay said:
They had an article on that recently saying that revenues are actually down in knock shops and some are having to close.
Click to expand...

As always I am impressed in the level of knowledge & service that that you are able to provide. You do your 'research' thoroughly for clients, taking one for the team.
 
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