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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 1684996673 06-20-2023, 09:32 PM
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  1. r32gojirra
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another year, another 7-figure (after-tax) profit in the property market (pic)

Took the foot off the accelerator a little bit for the previous financial year with the arrival of our first kid

Still managed to post a 7-figure profit distribution (AUD)

In real money that works out to maybe GBP/pounds sterling 500k?

Business partner (wife) took an identical distribution so cleared over a mil (in real money) for the household

third year running posting a 7-figure (after-tax) profit

Still waiting for this property crash everyone is talking about

post 1684997603 06-20-2023, 10:02 PM
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Very nice man, congrats. Are you flipping?
post 1684997623 06-20-2023, 10:03 PM
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gotta specify kangaroo dollars. srs
post 1684997723 06-20-2023, 10:07 PM
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Strong phone
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post 1684997803 06-20-2023, 10:09 PM
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Originally Posted By bicmane102⏩
gotta specify kangaroo dollars. srs
What part of AUD was unclear in the OP

I even did the conversion to £GBP lmao
post 1684997963 06-20-2023, 10:12 PM
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  1. MEDITATE
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bravo man, srsly happy for you .

what kind of business do you run ?
Cherish your life. Live to tell your story
post 1684998003 06-20-2023, 10:12 PM
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how much of a trust fund did you have?
post 1684998543 06-20-2023, 10:24 PM
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Originally Posted By MEDITATE⏩
bravo man, srsly happy for you .

what kind of business do you run ?
1. Buy large lots in good locations that are zoned for redevelopment
2. Demolish/subdivide and build luxury townhomes
…
4. Profit?
post 1684999843 06-20-2023, 11:01 PM
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Miring Russian bro earring AUD, but converting it to the most chad legal tender on earth of British Pound.

Congrats on living the good life OP. You ever splurge with that sort of income or are you The Millionaire Next Door style?
Lurking since '05 - the days of VS gorilla/cloud/goku threads
post 1685000183 06-20-2023, 11:13 PM
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Why do you have that much in savings? Put it in fidelity into VOO or VTI or if you need it soon put it in short term US treasuries or money market through fidelity!
post 1685000253 06-20-2023, 11:14 PM
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dont worry chinese students in OZ mog your real estate
post 1685000513 06-20-2023, 11:20 PM
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Originally Posted By Kawhilights⏩
Miring Russian bro earring AUD, but converting it to the most chad legal tender on earth of British Pound.

Congrats on living the good life OP. You ever splurge with that sort of income or are you The Millionaire Next Door style?
My wife is forcing me to buy myself some type of present but she said it has to be only for me and can’t be any type of financial investment. Thinking car or a watch or maybe coast house/land.

I told her we should hurry up and at least buy some land for the boy, the way house prices are here in 17 years he won’t be able to afford to buy in.
post 1685000713 06-20-2023, 11:25 PM
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Reported for income splitting with your wife and not paying GST.
post 1685000843 06-20-2023, 11:29 PM
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Details sent on:https://www.ato.gov.au/General/Gen/Making-a-tip-off/
post 1685000853 06-20-2023, 11:30 PM
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Any retard like yourself could’ve made money in 2008


You’re still bald and out of shape lol


And still drive a r34 with no ac



I would recommend upgrading to a r35, it’s pretty nice
Losers let it happen, winners make it happen.

Nonsense Army Crew.
post 1685002553 06-21-2023, 12:25 AM
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Originally Posted By Prolapse916⏩
Any retard like yourself could’ve made money in 2008


You’re still bald and out of shape lol


And still drive a r34 with no ac



I would recommend upgrading to a r35, it’s pretty nice
So many flavours to choose from and you pick salty

Stay mad poorcel

Spoiler!
only girls drive automatics lmao
post 1685002733 06-21-2023, 12:30 AM
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Originally Posted By r32gojirra⏩
So many flavours to choose from and you pick salty

Stay mad poorcel

Spoiler!
only girls drive automatics lmao
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post 1685002763 06-21-2023, 12:31 AM
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Das it, mane. Keep the MOGG dream alive.
post 1685002873 06-21-2023, 12:33 AM
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burgerlandcels getting mogged itt
see sig
post 1685003793 06-21-2023, 01:10 AM
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Gratz broski!
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post 1685003933 06-21-2023, 01:15 AM
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  1. r32gojirra
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Originally Posted By ralphlaurenbrah⏩
Why do you have that much in savings? Put it in fidelity into VOO or VTI or if you need it soon put it in short term US treasuries or money market through fidelity!
Fiat currency is inherently worthless so I usually just dump the cash each year into assets (real estate)

However this year I have some *big* construction bills coming up which already have finance

so might write a loan to the business and dump the cash in an offset for a guaranteed 6% saving on interest costs
post 1685004563 06-21-2023, 01:43 AM
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Hell yeah bro, congratulations

We did similar last year and both in real estate, coincidence?

Lol @ rentcels
post 1685004603 06-21-2023, 01:46 AM
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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.
post 1685004683 06-21-2023, 01:52 AM
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Das it.

DED FKN SRS
post 1685004913 06-21-2023, 02:07 AM
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Originally Posted By BigDeeps01⏩
Hell yeah bro, congratulations

We did similar last year and both in real estate,coincidence?

Lol @ rentcels
Not even slightly a coincidence

Misc is what gave me the motivation to start a “side hustle” even though I had (still have) a very well paid job

Of course the “side hustle” is making multiples of the job but w/e

Without misc I’d still be wageslaving it

DED

FUKIN

SRS
post 1685005303 06-21-2023, 02:30 AM
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#26
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Originally Posted By r32gojirra⏩
Not even slightly a coincidence

Misc is what gave me the motivation to start a “side hustle” even though I had (still have) a very well paid job

Of course the “side hustle” is making multiples of the job but w/e

Without misc I’d still be wageslaving it

DED

FUKIN

SRS
Das it on spread
post 1685005633 06-21-2023, 02:48 AM
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Originally Posted By Nonsense916⏩
Any retard like yourself could’ve made money in 2008


You’re still bald and out of shape lol


And still drive a r34 with no ac



I would recommend upgrading to a r35, it’s pretty nice
Originally Posted By r32gojirra⏩
So many flavours to choose from and you pick salty

Stay mad poorcel

Spoiler!
only girls drive automatics lmao
I knew these two were going to bump heads.

Popcorn.gif
post 1685005953 06-21-2023, 03:11 AM
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Very noice, mirin
Originally Posted By alphaalbertan8⏩
dont worry chinese students in OZ mog your real estate
But still this^….knew heaps of international Chinese students when I was in uni and they have more money than most people could dream of at 19 just cause parents rich.
post 1685005963 06-21-2023, 03:12 AM
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#29
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Congrats, OP.
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post 1685006593 06-21-2023, 03:44 AM
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Originally Posted By Nonsense916⏩
Any retard like yourself could’ve made money in 2008


You’re still bald and out of shape lol


And still drive a r34 with no ac



I would recommend upgrading to a r35, it’s pretty nice
brutal
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