Had to post this Australian property article
Posted: Tue Oct 30, 2018 4:58 pm
Gyroscopic Investing
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Had to post this Australian property article
https://www.gyroscopicinvesting.com/forum/viewtopic.php?t=9737
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Re: Had to post this Australian property article
Posted: Tue Oct 30, 2018 7:12 pm
Crazy. That’s like US$220K to start. Where did a 23-yr-old get that kind of money? From his last mowing job?
Re: Had to post this Australian property article
Posted: Tue Nov 13, 2018 7:41 pm
lol. strayans be crazy.
Aussie-uming real estate fees are about 6%, or 26,340, which would leave him with about the profit he said he made, 102,660, and his 77,500 plus whatever principal payments he made.
It's safe to bet he bought the land with a mortgage ("get the deposit together" quote from second article; I guess 'deposit' means 'down payment' Down Under). So if his deposit/down payment was, say, 25% (A$ 77,500) and his take was 439,000-310,000= 129,000.second link wrote:Anthony Dart, 23, made more than $101,000 profit after selling a plot of land
Aussie-uming real estate fees are about 6%, or 26,340, which would leave him with about the profit he said he made, 102,660, and his 77,500 plus whatever principal payments he made.