Geoff Doidge Quotes
100 Geoff Doidge Quotes
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I made so many mistakes I must have failed my way to success.
Geoff Doidge
[In 1995] I have made heaps of mistakes but still control property worth $2 million…
Geoff Doidge
[In 2009] Today I’ve got about 25 million dollars worth of property and approaching a million dollars worth of rent. But it wasn’t always like this.
Geoff Doidge
I sat down did a budget took control of my finances and found $13,000 I didn’t even know I had and went out and bought a block of flats. Life changed at that point.
Geoff Doidge
It’s the middle of the global financial crisis. I actually don’t call the GFC the Global Financial Crisis. I call it Good For Construction or Great For Cashflow.
Geoff Doidge
An investment property is a business.
Geoff Doidge
What is the lifetime value of one good idea or the cost of one major mistake?
Geoff Doidge
Property investment at times of low growth is a bit like watching the grass grow.
Geoff Doidge
It is amazing how many people buy a property for say $100,000 sell it for say $120,000. They put the profits into a car or holiday. The car they bought is rusting away. The holiday is just a vague memory and a few crumpled postcards. Everyday they pass that property. The property looks the same as the day they sold. It keeps increasing in value, year after year. One day it is worth $200,000 and they say those terrible words ‘If only I…’.
Geoff Doidge
Pay the price to get your goal.
Geoff Doidge
There are no problems, only opportunities.
Geoff Doidge
I used to work all year for $40k, and you can make that in two hours!
Geoff Doidge
Work smart not hard (if you know how).
Geoff Doidge
I pay enough local council tax and land tax and stamp duty to feed a small army of bureaucrats but income tax can be minimised (not avoided) with intelligent purchase of the right properties.
Geoff Doidge
I’ve always found that the right advert at the right time with the right response gets the right result.
Geoff Doidge
I used to sit at work and try to think of GRQ (Get Rich Quick Schemes). I had over a hundred of them, and then I discovered property.
Geoff Doidge
You constantly need to challenge yourself. You are either going ahead or slowly going backwards.
Geoff Doidge
Buy well, add value, manage intensively, look for properties with a ‘twist’.
Geoff Doidge
In real estate an opportunity of a lifetime comes on average once a month… but only if you are in the market!
Geoff Doidge
You need to be a lateral thinker. Sometimes so lateral you become lineal!
Geoff Doidge
Do not take property advice from people who don’t have property investments.
Geoff Doidge
Keep that cash flowing – it’s the lifeblood of your business.
Geoff Doidge
I was in financial trouble. I failed my exams. The Vietnam War was on. I was ‘Called up’ for two years national service. After discharge I finally paid my stock market debts.
Geoff Doidge
I am not going to retire at 65 as a wage slave.
Geoff Doidge
If you decide you can’t, you can’t.
Geoff Doidge
Most people don’t know how much spare money they have because either they have never worked it out or if there is any money left, they spend it and then there’s no money left.
Geoff Doidge
Do you know some people spend $40-$50/week on lotto [gambling]? This amount carefully invested could support the purchase of a home or unit using the equity in your home.
Geoff Doidge
People are chasing the dream of the big win whereas they could be extremely wealthy, safely and surely, if the same amount was put into income producing investment property.
Geoff Doidge
Winning lotto is a mirage, a foolish dream.
Geoff Doidge
Home buying often is an emotional decision but you can afford to be totally business-like when buying an investment property.
Geoff Doidge
If you know what your future tenants want, you will rent that house fast.
Geoff Doidge
A well priced property gives more ‘bang for your buck’ – a good yield.
Geoff Doidge
Not the best house in the best suburb. Not the best house in the worst suburb.
Geoff Doidge
Borrowed money is like a wild horse. Tame it, understand it and it will take you fast and far. If you can’t keep a tight rein and control it, it will control you. It will buck you off and stamp all over you, leaving you in the dust wondering what happened!
Geoff Doidge
The fear of being in debt probably stops the majority of us getting started in investment property… The key is to do your sums.
Geoff Doidge
Help the bank to lend you their money!… So help them to do that.
Geoff Doidge
Only borrow for income producing assets…
Geoff Doidge
Give away only as much security to the banks as absolutely necessary.
Geoff Doidge
Don’t let any tenant or minor setback stop you from your dream.
Geoff Doidge
If I had given up when my bikie tenants left me with a dirty house, no rent and no bond I would still be working in an office, as a wage slave.
Geoff Doidge
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