How many properties does Michael Yardney own?

If I had a dollar for every time in my capacity as a property strategist I’ve been asked “How Many Properties does Michael Yardney own?”, I’d be almost as wealthy as Michael.

Well before I put you out of your misery and answer the question I thought we could have some fun first.

How about a multiple-choice question?

Try and answer the following question correctly first.

How many properties do you need to retire?

a) 3
b) 4
c) 5
d) 6
e) 8

If you answered ‘a’ or ‘b’ then you are wrong!

If you answered ‘d’ or ‘e’ then you are incorrect.

However, if you answered ‘c’ then congratulations…..you are also wrong!

That was fun, wasn’t it? (I can almost see you shaking your head as I write this)

If you realized it’s a trick question, then you are already ahead of the game

It’s important to always remember that it’s not about the number of properties you own, it’s about the size and value of your asset base and the quality of assets within your portfolio.

Let me put it this way, whenever we see the illustrious Forbes Rich List or the BRW Rich List there is rarely any mention of the number of assets the individual owns.

What is however always mentioned, is what is important, the individual’s net worth.

And the net worth is the value of all assets minus the total of all liabilities.

There’s that word again…….‘value’.

That being said, let me ask you another question

What would you prefer?

30 residential investment properties or 1 Westfield shopping center?

Don’t worry it’s a rhetorical question, no need to answer it.

But I gather you get my point.

Forget the number of properties and think of the value of properties.

Ok so now that I’ve set the tone…..on to the question you’ve all been waiting for.

The 6-million-dollar question

In fact, it’s worth significantly more than that.

And yes, you guessed it, it’s another multiple choice.

Here we go…

How many properties does Michael Yardney own?

a) 17 properties
b) 24 properties
c) 32 properties
d) 56 properties
e) 75 properties
Drum roll, please…

and THE ANSWER IS…

Oops, I forgot to include option ‘f’.

Option ‘f’ being… IT DOESN’T MATTER.

(I’m sorry for yelling)

Yes, I know it’s a bit of an anti-climax and if you haven’t thrown your phone across the room or punched the computer screen then please continue reading.

The truth is that I don’t know.

Not only do I not know but it’s actually none of my business.

Nobody knows how many properties Michael owns, other than the man himself (and his wife Pam – if she can keep count.)

What I do know however about Michael’s portfolio, in fact, what I can guarantee are the following 8 things:

1. Each property would be in a well-located residential suburb in the inner middle rings of our capital cities.
2. Each property would be a quality investment-grade asset with a strong focus on growth that outperforms the averages.
3. Each property would have an owner-occupier appeal.
4. Each property would have been purchased at or below its intrinsic value.
5. Each property would have a large land to asset value ratio.
6. Each property would have had the potential to add value via a renovation or development.
7. Each property would have some level of scarcity value. That is, it would have something unique about it relative to the level of demand.
8. Each property would have been the highest and best use of his funds.

So, there you have it

We are no closer to answering the mysterious question however we have learned there is a much more accurate and powerful question to ask a property investor to determine their success or wealth.

And that is ….‘What is the value of your asset base?’

That being said, if you ever find out how many properties Michael owns or the value of his asset base then feel free to get in touch (I would still like to know).

If you would like to discuss how to grow the value of your asset base with quality investment-grade assets that outperform the averages in growth, then reach out to the independent team at Metropole property strategists.

You may also wish to read: MICHAEL YARDNEY’S NET WORTH – THE TRUTH ABOUT BUILDING WEALTH THROUGH PROPERTY

Now is the time to take advantage of the opportunities the current property markets are offering.

Sure the markets are moving on, but not all properties are going to increase in value. Now, more than ever, correct property selection will be critical.

You can trust the team at Metropole to provide you with direction, guidance, and results.

Whether you’re a beginner or an experienced investor, at times like we are currently experiencing you need an advisor who takes a holistic approach to your wealth creation and that’s exactly what you get from the multi award-winning team at Metropole.

We help our clients grow, protect and pass on their wealth through a range of services including:

1. Strategic property advice. – Allow us to build a Strategic Property Plan for you and your family.  Planning is bringing the future into the present so you can do something about it now! Click here to learn more
2. Buyer’s agency – As Australia’s most trusted buyers’ agents we’ve been involved in over $4Billion worth of transactions creating wealth for our clients and we can do the same for you. Our on the ground teams in Melbourne, Sydney, and Brisbane bring you years of experience and perspective – that’s something money just can’t buy. We’ll help you find your next home or an investment-grade property.  Click here to learn how we can help you.
3. Wealth Advisory – We can provide you with strategic tailored financial planning and wealth advice. Click here to learn more about we can help you.
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from Property UpdateProperty Update https://propertyupdate.com.au/how-many-properties-does-michael-yardney-own/