How much have you made?
- Thread starter Ace in the Hole
- Start date
Mine was based on valuation suitable for mortgage purposes.
I'm sitting around 79% lvr with the latest bank val @ 2.1m across 5 places in nearly 5 years should crack 2.5 before I turn 25
Last edited:
one day he'll return
A third of a million.
$250k of that in about an 8 month period (two purchases, both under value in a rapidly rising market).
I entered the market (PPOR) in Oct 2010. First IP late 2013, second early 2014.
$250k of that in about an 8 month period (two purchases, both under value in a rapidly rising market).
I entered the market (PPOR) in Oct 2010. First IP late 2013, second early 2014.
I don't think there's any BS. You have to remember that we've got a lot of wealthy people on this forum, & to be honest, $4m isn't that much.
True.
If you are one of the very early starters, aggressive active investor or a more mature investor who's held a good size portfolio through 1 or 2 cycles, 4 mil in gains is very achievable.
For some it's easier to label it as BS as it's unimaginable. Very limiting belief.
I personally think achieving $4m in equity is very achievable. Especially for the crowd on SS - I would imagine there'd be a few on here that'd comfortably double/triple that figure. I'd imagine there's a few here that have achieved it by 30 (if so, would definitely like to hear more via an interview!).
I may have been misinterpreted. The bracketed comment I raised was in the context of data quality issues associated with polling wealth related questions. The behavioural elements of asking this type of question often: a) cause an upward bias, b) lead to poor data quality with random responses. This is pretty usual consideration that's outlined when the statisticians examine this type of data. E.g. if you put this on SMH and asked the question, you'd see the above play out. SS, given its crowd, would see much less of it I assume.
Cheers,
Redom
This is really about LVR, and am curious what SS members think, which would you prefer... which is better? Its not a trick question, there's no right or wrong
Just curious.
$8M property portfolio - 4M equity; or
$6M property portfolio - 4M equity
Looking at all aspects ie finance, management, stress (tenants), risk etc
MTR
Just curious.$8M property portfolio - 4M equity; or
$6M property portfolio - 4M equity
Looking at all aspects ie finance, management, stress (tenants), risk etc
MTR
Agree 100% MTR - believing it can be done is the key to making it happen.
Definitely - for a 25 year old with a $2 mill portfolio (assuming 100% financed for arguments sake), simply relying on 1.5% real growth till retirement age will get them past that figure comfortably.
As for the question...hmmm if its an option of 'take either one, no changes' i'd rather have more assets working for me ($8m). With rates so low, the extra $2m of debt should almost service itself depending on the asset portfolio.
Although, if I could take the $6m option and do what i'd like with it (cash out 2.8 million and use it to fund a massive expansion plan) - i'd pick it.
Cheers,
Redom
