TEN IS BETTER THAN ONE
F
Property investing guru, David Kay asks us, “Why buy one property when could you just as well buy ten?” or most beginning investors, buying
England and Thailand for motivating
investments, he says, can be largely
ten properties at once sounds like
others to use simple, but powerful
attributed to the fact that he realized
jumping into the deep end without
strategies to create their own wealth
early on the benefits of financing his
knowing how to swim; a venture only
through property.
properties with “other people’s money,”
to be considered by the confidently experienced. But property-investing guru, David Kay assures us that it’s actually not that outlandish of an idea, even for first-timers. In fact, it’s one that can practically exponentially increase profits on a property investment in the same amount of time that it takes to capitalize on just one. We’ll take his word on it, as that’s precisely how Kay started his own lucrative portfolio.
A n expat in Thailand by way
of England, Kay is the founder and director of Hua Hin based Thai Land and Property, a full-service real estate company with a niche specialty; helping foreign investors and homeowners achieve maximum returns on their local investment properties. Kay is also an extremely well-established private investor with around 250 properties in his portfolio and a reputation in both 16
Thailand Property
Although Kay has been investing in
as he likes to say.
real estate since 1994, his professional
“Using other people’s money to make
background surprisingly began not with
an investment may not sound very well
property investing but with his own
mannered, but it’s how you maximize
highly successful advertising business.
profit,” Kay said, referring to bank loans.
After a very profitable buy-out, Kay
“Successful real estate investing requires
used a portion of the earnings to open his
a business mindset and at the end of
property portfolio. It was twenty years
the day, financing properties with bank
ago that he made his first purchases in
loans is simply the most profitable and
real estate and within one day, Kay went
quickest way to make figures grow.”
from watching in the wings to being a professional landlord.
The following is a simple and straight forward example (referring to the chart
“I remember I met with a friend for lunch
and graph at the bottom of the next
that day, and casually said that I just
page) that Kay uses to illustrate this point.
purchased ten flats,” Kay recalls. “His
For the sake of simplicity, all figures
jaw just fell open, but once I explained
mentioned are interest-only.
my long term plan, equity growth, and potential profits he asked me how to get started. We’ve been building our portfolios alongside one another ever since.” Using Other People’s Money Kay’s immense success in his