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Secrets to building a $12-million portfolio: Lloyd Edge
['Bianca Dabu']
Smart Property Investment
For 18 years, Mr Edge has gone across NSW, Victoria and Queensland, both in capital city markets and regional markets, to build his portfolio, implementing different strategies to maximise profit.
I’m really big on actually adding value to your property, so if I’m going to invest there, then I’m going to have to develop it or subdivide it or renovate it.
And I think what’s important to note is that, to get wealth and become a successful investor, you do need that capital growth.
You can’t just chase cash flow positive properties and expect to actually become a successful investor just like that,” Mr Edge said.
According to Mr Edge, it’s not wise to jump into an investment without understanding the purchasing structure and the benefits and risks associated with each one.
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