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Brissyguy

  • 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 20 years, 11 months ago

    quote:
    I’ve done motels to death. I don’t want to be responsible for peoples needs on a 24 x 7 basis so I’ve never gone into one. But here are some rules of thumb picked up from agents, lawyers and seminars.

    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…

    [Read more]

Brissyguy

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