Geoff Doidge Quotes
100 Geoff Doidge Quotes
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If you are bored go white water rafting and leave your property investment alone!
Geoff Doidge
The 7 o’clock news won’t make you rich… Missing the 7 o’clock news is the price you pay for financial freedom.
Geoff Doidge
Property investment is not an overnight proposition.
Geoff Doidge
Tenant problems are only temporary. Your future lifestyle will be permanent.
Geoff Doidge
No money – no honey.
Geoff Doidge
Spend money to make money.
Geoff Doidge
Lifestyle to me is playing golf mid-week on deserted courses. It’s fishing your favourite spot while everyone is working. It’s unhurried time with your family.
Geoff Doidge
Action overcomes fear. Action creates energy.
Geoff Doidge
There is no end to learning.
Geoff Doidge
Life is… a learning process.
Geoff Doidge
Rental property is only a vehicle to get you where you want to go in life.
Geoff Doidge
You may occasionally take the wrong turn but you can get back on the track again.
Geoff Doidge
Why re-create the wheel when you can learn from OPE (Other Peoples Experience).
Geoff Doidge
[On a stock market crash] One moment I was a guru and the next a broken fool.
Geoff Doidge
Being a public servant I didn’t even know there were cycles. I soon learned about booming prices and the dreaded rising interest rates.
Geoff Doidge
I discovered that the newly painted roof was in fact rusty sheeting patched with paper and masking tape and painted over… a ‘bog and flog’ shyster cleaned them up and sold them to me.
Geoff Doidge
I was still an amateur investor in 1984, when I bought a block of land at Mount Tambourine, a picturesque mountain village. I liked the view. But there was no rent: all money out and none in. That meant the interest was not tax deductible. This was not an investment but an emotional liability.
Geoff Doidge
I made a decision to leave work. I just had to find a way.
Geoff Doidge
I took control of my finances. I sold the land at Mount Tambourine, realising it was a liability.
Geoff Doidge
[On just painting the front of a house] In those days money was so tight that I only painted the front of the house for street appeal and left the rest for later.
Geoff Doidge
It’s not what you earn; it’s what you do with what you earn.
Geoff Doidge
[In 1992] I got a 15.4% [interest rate] loan and was told that was a very good rate.
Geoff Doidge
Practically everything about the house was wrong… it was truly a case of turning muck into money.
Geoff Doidge
If the weather is fine, paint outside. If it showers, you can always go inside. This one tip could save you weeks of lost time.
Geoff Doidge
Price is not the only issue. Find out what the seller wants and, if you can, give them what they want by negotiating on the conditions.
Geoff Doidge
Cashflow pays the bills. Capital gain makes you wealthy.
Geoff Doidge
I did something very rare. I paid the full price of $298k with no conditions. That property has gone up $200,000 in one year.
Geoff Doidge
You pay tax or you pay interest. I prefer to pay interest.
Geoff Doidge
It was critical to rent fast as the negative cashflow from an empty building was over $1000 per week!
Geoff Doidge
Buy well. The key is making money when you buy.
Geoff Doidge
I have spent many many thousands of dollars on my own education via seminars and books and tapes and I have always got at least one good idea that I can apply for the rest of my life. Often this investment in my financial education returns my money many times over.
Geoff Doidge
[Geoff Doidge and Paul Eslick] We don’t sell property, we buy it!
Geoff Doidge
What did we do before the internet?
Geoff Doidge
We’re always learning.
Geoff Doidge
Learning is essential for success in any sphere.
Geoff Doidge
Property investment is a business, and your clients are your tenants.
Geoff Doidge
Buy a property with a twist.
Geoff Doidge
I recommend you find a good mortgage broker.
Geoff Doidge
Property is so much fun, and rewarding. In so many ways it will test you, try you out, but then you work out how to make it work for you, you will never look back.
Geoff Doidge
Deals are everywhere.
Geoff Doidge
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