Forums / Property Investing / Help Needed! / How can I make $300k/month profit by 2025?

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  • Profile photo of DylanDylan
    Participant
    @dylanconnor
    Join Date: 2019
    Post Count: 0

    I have a huge income goal that I’m aiming to hit by 2025.

    One part of my income will be realestate, and at the moment I’m 18 years old, never touched realestate (have a general understanding of developing, options, etc), and I’m currently making $1,400/week income online.

    My question is: how could I get from where I am now, to making over $300k/month income from realestate. I know it’s definitely possible, but I want to hear what you guys think is the fastest possible way to get to that point in 6 years time. I’m not saying that I want to cut corners and take “short-cuts”, but I’d like strategic opinions on the best way to go about this.

    I’ve been told numerous times that I’m too young to be thinking about all of this, but life is too short and I’m hungry to build an empire and legacy for my family, generations to come.

    I’m determined. Let me know your thoughts.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,110

    That is $3.6mil per year. If you receive 10% pa return on your capital you will need about $36mil in unencumbered assets.

    To do this you could save $2mil per year, or buy $72mil worth of property and perhaps sell half and use the proceeds to pay off the rest.

    How could you spend $300k per month?

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of DylanDylan
    Participant
    @dylanconnor
    Join Date: 2019
    Post Count: 0

    Thank you Terry for the input on my post. I appreciate that!

    I will have other sources of income, so by the sounds of things, it would be best to rapidly grow my net worth elsewhere then invest into property for a somewhat stable stream of monthly passive income.

    The following are my projected streams of income.

    Ecommerce branded drop-shipping stores – $260,000 / month

    Digital marketing agency – $50,000 / month

    Forex trading – $193,000 / month

    Property – $300,000 / month

    These will sound like unfathomed ridiculous numbers, but a multitude of people have well surpassed these numbers themselves; the only difference is that I’m trying to achieve it in such a short amount of time. These numbers are definitely reachable in this day and age; I just need a unique strategy in place and a huge amount of work ethic. I haven’t pulled these numbers out of nowhere either, I know exactly what income I need in order to do certain things and own certain assets.

    With this income I will have the freedom to…

    – Build my dream home.

    – Purchase my parents a house.

    – Own a 2008 Gulfstream G200 aircraft with 400 hours of flying annually (7.7 hours/week) – Operating costs are around $321,300 / month.

    – Ability to very comfortably start a family.

    – Ability to pay successful people for their time and learn 1-on-1 from them to progress myself further.

    – Ability to travel where I want, when I want, and with anyone I want.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,110

    wow you are keen

    best to make you money in business and to hold it in property – perhaps.

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 11,992

    Course the hardest bit will be trying to get anyone to lend you money to buy the first property with no initial income.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of bender12bender12
    Participant
    @bender12
    Join Date: 2014
    Post Count: 1

    Easy peasy. Win the $100m powerball and then put it all in an ETF with 5% yield.

    • This reply was modified 4 months, 1 week ago by Profile photo of bender12 bender12.
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