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Forum » another year, another 7-figure (after-tax) profit in the property market (pic)
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Thread: another year, another 7-figure (after-tax) profit in the property market (pic)

post 1685061243 06-21-2023, 09:05 PM
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#61
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Just to be clear, we're talking kangaroo dollars right?
Your schtick sucks and it screams insecurity.
post 1685061813 06-21-2023, 09:19 PM
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Well done brah. That’s some serious mogger chit. I was just happy to get paid a lot today for doing my work from home corporate stuff while also working in person at a place that had an emergency.
post 1685091873 06-22-2023, 10:59 AM
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Originally Posted By Destor⏩
Why never post pictures of the properties themselves or anything interesting but then randomly hit out with numbers on a screen

Don't get why people do this, I mean I get why but I don't get why
It’s impossible to show a deed or a tax record without doxxable information (APN, legal description etc)

Pictures could easily be traced if there was a prior listing or if OP has ever listed the property for sale or for rent since local MLS typically syndicates with Zillow, Redfin, Realtor.com

I typically judge if someone is frauding or not based on how they speak about it, are they using the correct terminology, is what they’re saying realistic, etc

I’d say 75% of misc real estate experts are frauds but not Op IMO
post 1685092153 06-22-2023, 11:03 AM
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At then end of the day making a million is one thing, but boasting about it is something done by someone with a poverty mindset. It is always the poor people who end up making money who have to boast about how much they made.

I'm not mad, I have websites which are worth more, but I don't run around telling everyone about it like I'm from the hood.

I think op is overcompensating for something else.

inb4 op buys a Lambo and then tells us how much it cost.
post 1685098783 06-22-2023, 12:50 PM
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Originally Posted By r32gojirra⏩
Since I’m being forced to buy myself a gift

What’s the most MOGGmaxxxxing gift I can buy myself to MOGGmaxxx myself into mogblivion
Premium shoe lifts.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1685099423 06-22-2023, 01:01 PM
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Do you do other things aside from property development? Thinking you could make some extra coin on the side renting out construction equipment when you’re not using it.
post 1685115573 06-22-2023, 05:04 PM
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Originally Posted By AutistTrigger⏩
Do you do other things aside from property development? Thinking you could make some extra coin on the side renting out construction equipment when you’re not using it.
I subcontract out the construction to a builder.

I do all planning approvals, building approvals and regulatory compliance, as well as financing. Wife manages the interior design and styling as well as dealing with architects. I don’t touch the construction side of things.
post 1685125393 06-22-2023, 07:54 PM
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Originally Posted By doughnutking⏩
At then end of the day making a million is one thing, but boasting about it is something done by someone with a poverty mindset. It is always the poor people who end up making money who have to boast about how much they made.

I'm not mad, I have websites which are worth more, but I don't run around telling everyone about it like I'm from the hood.

I think op is overcompensating for something else.

inb4 op buys a Lambo and then tells us how much it cost.
Cope detected
post 1685200323 06-24-2023, 02:27 AM
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Originally Posted By Godfrd824⏩
Do all Australian ATMs look like someone mocked up the screen in MS Paint?
I can tell by looking at the pixels

Also because I’ve seen quite a few photoshops in my time
post 1685253743 06-24-2023, 08:43 PM
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Originally Posted By bigdownunder⏩


Nice one. How many projects in FY23?

I think the ‘crash’ lasted a month or so and prices went down about 3.50%. Now basically back to all time highs here in Sydney and with demand massively exceeding supply it’s unlikely to change any time soon.
One in construction one in planning/building approval.

Not increasing scale though, focussing on deleveraging, hopefully won’t need any bank loans soon.


Yeah this market is crazy right

*rainier wolf castle voice* The interest rates! They do NATHING!!!
post 1685253903 06-24-2023, 08:46 PM
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Originally Posted By Anachron⏩
Some of us are not in a hurry to get doxxed.

And it's pretty easy to tell the LARPs from the real moggers.
Yup, or feel the need to prove themselves to a select few copecels.

Huge overlap between copecels and rentcels srs
post 1685257303 06-24-2023, 10:13 PM
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Originally Posted By r32gojirra⏩
One in construction one in planning/building approval.

Not increasing scale though, focussing on deleveraging, hopefully won’t need any bank loans soon.


Yeah this market is crazy right

*rainier wolf castle voice* The interest rates! They do NATHING!!!
How much are these properties selling for?
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1685258293 06-24-2023, 10:36 PM
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Originally Posted By Godfrd824⏩
How much are these properties selling for?
post 1685380843 06-27-2023, 12:34 AM
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Originally Posted By lightsarefallin⏩
Congrats, OP.
Repped fam
post 1685381063 06-27-2023, 12:45 AM
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Mirin OP, especially in the current market with interest rates rising and developers going broke left, right and centre.

It takes guts to take on that amount of risk, there's a lot that can go wrong with property development. Building materials are going through the roof, contractors are hard to find because the jobs market is tight as a drum, and of course there is the interest rate risk which is getting very unpredictable...we are living through the sharpest spike in interest rates in the last 40 years or so.

Are these properties held as trading stock or do you get the CGT discount? And what type of tax structure do you have - are you running it through a discretionary trust? Understand if you don't want to give away too much on the misc (even though you are posting your profits to troll people haha).

Also, I agree with keeping money out of fiat currencies where possible. I have most of mine in real estate, gold and bitcoin.
***Trapped on prison island crew***
post 1685381103 06-27-2023, 12:48 AM
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#76
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I remember when Kerry Packer posted a pic of his savings account.








Dude. Good for you, but its a bit Ibby to do that. You don’t need to post that.
HTC

Negging the pest AlfBundy on sight.
post 1685383123 06-27-2023, 03:07 AM
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Originally Posted By TDR24⏩
I remember when Kerry Packer posted a pic of his savings account.








Dude. Good for you, butit’s a bit Ibby to do that. You don’t need to post that.
Aweir me on Ibby’s GBP£500k annual (post-tax) profits

Last I heard he was working a minimum wage job on the railroad
post 1685383703 06-27-2023, 03:45 AM
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Originally Posted By S0Jack3d⏩
Shhhhh….. Don’t let the real estate cat out the bag….. let the normies think the market is toast or they might end up as your competition….. my wife and I have been clearing several hundred k for the past 3-4 years now….


Sucks you live is AUS though, my car was $110k in the USA, I saw it selling for $280k in AUS
So it was roughly the same price?

Shame the steering wheel is on the wrong side
post 1685384633 06-27-2023, 04:38 AM
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Couldn't imagine having a million dollars in my chequing account and finding time to brag about it on misc.

Regardless, congrats it is a good achievement.
post 1685394603 06-27-2023, 08:28 AM
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Originally Posted By BigDeeps01⏩
It’s impossible to show a deed or a tax record without doxxable information (APN, legal description etc)

Pictures could easily be traced if there was a prior listing or if OP has ever listed the property for sale or for rent since local MLS typically syndicates with Zillow, Redfin, Realtor.com

I typically judge if someone is frauding or not based on how they speak about it, are they using the correct terminology, is what they’re saying realistic, etc

I’d say 75% of misc real estate experts are frauds but not Op IMO
I don't doubt the numbers at all, I just want to see something other than numbers on a screen (or even physical cash) because numbers are boring but things are interesting

and there's no shortage of legit ballers on here who post real pictures of mogging things
post 1685430243 06-27-2023, 05:37 PM
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Originally Posted By Destor⏩
I don't doubt the numbers at all, I just want to see something other than numbers on a screen (or even physical cash) because numbers are boring but things are interesting

and there's no shortage of legit ballers on here who post real pictures of mogging things
Unfortunately a lot of mogging things I’ve been looking at have a long waiting list and you might not even get on the list if you don’t already own one

And there’s only a handful of them delivered to the country in any given year lmao

Guess that makes them more exclusive
post 1685431773 06-27-2023, 06:02 PM
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Originally Posted By r32gojirra⏩
The Ferrari gets smoked in that scene. Was your intention to shoot yourself in the foot? If so, will played.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1685433183 06-27-2023, 06:27 PM
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Originally Posted By Godfrd824⏩
The Ferrari gets smoked in that scene. Was your intention to shoot yourself in the foot? If so, will played.
Yeah you sure showed me…

Guess I shouldn’t live my life a million dollars at a time
post 1685433713 06-27-2023, 06:41 PM
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Originally Posted By r32gojirra⏩
Yeah you sure showed me…

Guess I shouldn’t live my life a million Australian dollars ($173 US) at a time
Fixed it for you. No need to thank me.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1685433803 06-27-2023, 06:43 PM
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Originally Posted By Godfrd824⏩
Fixed it for you. No need to thank me.
Imagine being upset that someone was making more than 3x your annual salary with little to no effort or risk

If the situation was reversed I’d be happy for you
post 1685434013 06-27-2023, 06:47 PM
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Originally Posted By r32gojirra⏩
Unfortunately a lot of mogging things I’ve been looking at have a long waiting list and you might not even get on the list if you don’t already own one

And there’s only a handful of them delivered to the country in any given year lmao

Guess that makes them more exclusive
Rolex?
post 1685434073 06-27-2023, 06:48 PM
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Originally Posted By r32gojirra⏩
Imagine being upset that someone was making more than 3x your annual salary with little to no effort or risk

If the situation was reversed I’d be happy for you
Why do you think I'm upset? I asked a simple question, a relevant question, you tried to retort with a meme, failed, and now I'm upset? Seems you're letting the kangaroo meat get to your head.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1685434383 06-27-2023, 06:54 PM
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Originally Posted By r32gojirra⏩
Unfortunately a lot of mogging things I’ve been looking at have a long waiting list and you might not even get on the list if you don’t already own one

And there’s only a handful of them delivered to the country in any given year lmao

Guess that makes them more exclusive
Watch or car?

This is where you just show up and post pics of it in your possession, in the wristwatch or post a pic of your ride threads
post 1685436113 06-27-2023, 07:23 PM
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Originally Posted By AlexxVann⏩
Rolex?
Cars

I do my watch shopping in Singapore
post 1685441923 06-27-2023, 09:20 PM
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