media trying to pump the property market, page-77

  1. 17,246 Posts.
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    Nothing is certain....guess it depends which shares u buy and what properties u buy.

    What I will say is this.

    My first and major rule.....

    Only buy property where you can gain at least 10% of the purchase price in equity day one.

    I always make the profit the day I buy it not the day I sell it. The rises over time are just the icing.


    Whether that means....

    a quick reno prior to settlement
    buying in cheap
    gaining a years rent upfront by some rich student
    buying with sub div potential and plans done and stamped by settlement
    And a few other tricks.



    So from day I always gain 15.20.25.30% equity.

    So if i buy a house for 300k
    Tip in 60k myself for an 80% LVR

    Day one u can be sure I have gained a minimum 10% of the sale price ($30k) in this instance....which is actually 50% of the money Ive invested into the deal.

    Not bad roi really.


    With shares the market dictates too much upfront......harder to butter up a share although I try to...lol.


 
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