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Victor Kumar's Story

Discussion in 'Real Estate' started by Simon Hampel, 17th Jun, 2008.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Audio from the SIG meeting held in Sydney last night is available over on Somersoft - see this thread for more details: SIG Meeting Monday June 16th 2008 - Victor Kumar - Somersoft Property Investment Forums

    Part 1:


    Part 2:


    Part 3:
     
    Last edited: 17th Sep, 2016
  2. Billv

    Billv Getting there

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    Sim,
    How does 72 properties only total 4 Million?
    Even at $100K per property it will be 7.2 million
    Cheers
     
  3. Heavy

    Heavy Member

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    Im guessing it's total property porfolio value minus the amount still owing to the bank. However you look at it its still a remarkable achievement.
     
  4. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Not sure where the figures come from. He does do a lot of joint-ventures though, so that may be where the difference is.
     
  5. Billv

    Billv Getting there

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    Thanks guys
    I had a listen to the audio and in part 1 he mentions that his portfolio is actually worth close to 22Mil
    Cheers
     
  6. ffc1883_1996

    ffc1883_1996 Active Member

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    Inspirational

    Thanks Sim!
     
  7. handyandy

    handyandy Well-Known Member

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    As Sim mentions he does JV's

    I understood it as 72 properties where he directly owns 30 odd with the rest in JV's where he has no direct ownership but own 51% of the control and capital gain. I think he mentioned that this is achieved through a deed of arrangement.

    Cheers

    PS you can also read part of his story on his web site

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