Brissyguy replied to the topic What do u class as a millionaire… in the forum General Property 20 years, 9 months ago
Hi Kay
Well I’m off to Italy….I will be an absolute sqillionare there
Regards
Neil
Brissyguy replied to the topic What do u class as a millionaire… in the forum General Property 20 years, 9 months ago
Hi..for my 2 bobs worth, I have always thought more globally and to my way of thinking to qualify as a millionare in Aus would require $1,320,000 AUD approx in uninumbered equity.(Assets minus liabilities).
That is equivilant to $1 million US (The benchmark currency).
Regards
Neil
Brissyguy replied to the topic Commercial property & Motels investments in the forum General Property 21 years ago
The ultimate aim is to own a freehold and lease it out.
They sell as leaseholds at a price which is roughly equivalent to the annual…