Nik Halik The Thrillionaire Pdf Download
Thrillionaire ® RevolutionHow to Skyrocket a Property's Value in 30 Days With 'Value Facturing'How to Skyrocket a Property's Value in 30 Days With 'ValueFacturing' About Nik Halik Nik is the founder and CEO of Financial Freedom Institute, Money Masters Global, The Thrillionaires® and iCoach Global. He is a global wealth strategist, successful entrepreneur, international speaker, astronaut, high adrenalin adventurer and bestselling author. Nik Halik became a multi-millionaire and amassed great wealth through savvy investments in property and the stock market in his late 20’s. His group of companies have financially educated and life coached over 300,000 individuals globally. He is the real deal, creating millionaire clients across the globe.
Not only is Nik a successful entrepreneur, but he is also an avid, thrill-seeking adventurer. Among his various expeditions, he was one of the first explorers to dive down five miles and land on the bow of the Titanic. He has summited the highest mountains in the world and was one of the privileged select explorers in the world to view the curvature of the earth from the edge of space. Nik is the very first flight-qualified and certified civilian astronaut from Australia and is also set to become the first ever Australian and private space explorer to rocket to outer space and live on Earth’s only manned outpost in orbit, the International Space Station. Nik currently resides in the U.S.
Sep 07, 2011 Nik Halik's book, The Thrillionaire, will change your life! Nik not only shares his own epic adventures with you, but offers wisdom, motivation, and advice on how to make your own life an epic, extraordinary adventure! You owe it to yourself to read The Thrillionaire by Nik Halik. Recently, Nik Halik sat down and was interviewed by Hanna Mills from mxNews in Brisbane, Australia. In the interview he was asked a series of questions about his life and how he gained a sense of adventure. Nik is well known as a former rock star, a tornado chaser and a wealth strategist, and he can now add author to his string of accomplishments. This Pin was discovered by 5-Day Weekend. Discover (and save) your own Pins on Pinterest.
And amongst his private homes in the Greek Islands, Morocco and Australia. Nik you grew up as a very sick child. How did you come to be a global investor? My first strategy was to dismantle the boundaries of my bedroom wall so I could actually live a normal life and be like the ordinary kids that I used to view from my bedroom window. And these are the same kids walking home from school, on their BMX bikes or on their skateboards and playing football, cricket or whatever.
So your first challenge was actually getting well enough so you could just participate and be a normal kid? Yeah, a normal kid, but in a strange way I guess by default, in my longing to be an ordinary child I started to think extra-ordinary, and I started to think very differently. I recall my mother always said to my father, ‘Nik’s very different, let’s allow him to dictate his own life because there is something special about it’.
And I laugh about it now because it reminds me of Obi-One-Kenobi talking about Luke Skywalker; the force is strong in this one.I created my own little world, my own map of the world. I wasn’t part of academia so I think in a way that was like a blessing because my first mentor was a set of the Encyclopaedia Britannica my parents gave me and I pretty much digested every page in the Encyclopaedia Britannica, and that effectively was a world that existed outside my bedroom window. So for me, my strategy was to discover this beautiful mosaic of adventures that I wanted to touch, feel and explore. So for me it was the Encyclopaedia Britannica and I recall at age 8 I actually drafted a screenplay to my life, and I had my own little internal vision board within my goal list. And writing a screenplay I became the actor, the producer and director all at the same time and that basically has now absorbed over 32 years of my life and I had things like owning exotic homes around the world and becoming a multi millionaire, becoming an astronaut, running with the bulls in Spain, to visit over 100 countries. Rocketing to space, having lunch on the Titanic, some of the most craziest things that only a kid can dream of.
You’ve got this false sense of visibility, wearing this invisible kevlar vest that you could do anything in the world. And that effectively became my screenplay, and I’ve just been acting it out for the last 32 years. And out of all those amazing things how many have you accomplished?
I’m a 42 year old now, and eight down, two to go. So you’ve done things like be an astronaut, and go to have lunch on the Titanic and things like that? You’ve actually accomplished those? Pretty much, and I actually became a millionaire in my early 20’s and it’s probably the most over rated thing in the world, it’s that over rated that I didn’t realise I was a millionaire for at least 18 months.
Because you become a millionaire through your rising property values? Exactly, property kind of thing, but I always knew that I would be living in exotic locations and just travelling the globe or what have you.
All I wanted originally, I was in search of a climate which was like 35° celsius every day – that was me. That was me; I’m not genetically engineered for winter so for me being of Mediterranean descent I’ve always wanted to be in hot tropical zones across the planet. So I started to think very differently. And the way I invested, I invested with an end result. I knew where I wanted to go and I’ve always pursued my life with the end in sight. I have always profited day 1 of every investment.
So when did you first start investing in property? As a teenager, well first up, I actually moved to Los Angeles when I was 17 with $30,000.00 in my pocket. I had my first business when I was 14, sold it, generated $30,000.00 out of it and at age 17, I relocated to Hollywood, California to perform professionally music wise. I was the lead guitarist for a popular rock band and eventually began touring around the world. In my late teens a few years later I bought my first property in Hawthorn, Melbourne Australia.And so you were a rock star?
Most people associate being a rock star with wild parties and you spend all the money you’ve got just on crazy living, right? But you actually built this business? There was crazy living, wild parties, and the crazy life style. But you know what; I was kind of different to the other guys. The other guys would pretty much blow all their cash or just basically lose sight of the bigger picture. But I would be out there in the morning reading the Financial Review, visiting real estate agents, open inspections, auctions, investing in the stock market; so I’ve always had that fiscal discipline that I had as a 14 year old., when i opened up my first business. At 15 I discovered leverage.
So it was inevitable that I would get involved with property because I’ve always loved property, but I stumbled my way around my particular strategy. I had no-one to really teach me in the early days.
But those lessons were the greatest lessons of my life – absolutely. What was the first property you bought? And how much was it? It was $156,000.00 in Hawthorn. So that would be worth possibly up to a million dollars now? Last time I had it valued it was about $720,000.00, all unencumbered.
$156,000.00 – mind you I had a $50,000.00 deposit, and I think all up I borrowed about $130,000.00 with all the stamp duty costs and all the conveyancing and what have you. Then I rented it out, and within seven years it was paid off. It’s always cash flow positive properties. I actually bought into a property development of four apartments, built in the late 1920’s; solid brick, clinker brick in Hawthorn in a cul de sac. So it’s unique and can’t be replicated? Well that’s one of my biggest strategies is that; if the produce can be easily, I’m not interested. I’m always looking for scarce products, within a 5-6k radius from the CBD, leafy suburbs, private schooling – and it’s all about people, people, people – in regards to the rental yield.
But it’s got to be dilapidated properties that I can restore the value, value-facture, add intrinsic value to the property and then rent it out positive cash flows. So let me ask you a question – did you value-facture on this property?
Did you actually add value to it? I did in the second year. I bought it and I then basically value-factured the engines, which is the kitchen, the bathroom, and the landscaping. I was able to raise the valuation by $50,000.00 in record time. That’s quite considerable, especially when you consider the whole property was $150,000.00 Absolutely definitely and these days I still value-facture properties that I buy for $400,000 - 500,000 and I look for dilapidated properties. Basically I acquire the properties, I have a building team that goes in and bam – within four weeks everyproperty internally looks the same because it’s a cookie cutter system.
So within four weeks my team goes in there, we have it value-factured and then I just get it revalued. When I do buy a property I utilise a very specific strategy and once again, everything that I do I’ve stumbled upon it – no-one really taught me.
I’ll give you an example. I bought this property on my credit card. It was in the year 2000, it’s Hawthorn East, and it’s on Toorak Road and I bought it for $220,000.00 and it’s a house. This same property is now worth over $800,000.00 right now. But here’s a classic story; I got it as vacant possession, so I put a 10% deposit.
A vacant possession is a property where you buy and there is no tenant in it? Yes, there was no tenant in there, so it was vacant possession and it was a little bit in disrepair. I originally turned up to the auction and little did I know, I ended up buying and I had no cheque book. I said listen all I’ve got is a credit card. They said ‘fine, we’ll take it out of your credit card’. So I paid a 10% deposit on my credit card.
So its vacant possession, and I go, ‘listen, this property needs a bit of repair. Can I get access before settlement?’ Normally settlement is either 30 days, or 45 or 60, or 90 days, and the settlement on this property was going to be 30 days so I said ‘can I get access before settlement?’ They said, ‘yes we can do that, but we just to make an adjustment in the contract.’ I said, ‘great let’s do the adjustment’. The realtor said ‘we can do you access before settlement, we’ll allow that, but can we do the following over here. Put a 10% deposit and on Monday we’ll give you the keys and you can gain access to the property before it settles’. I’m thinking perfect – so I actually used this period of time during the settlement to renovate the property. Mind you, there’s no mortgage; all I’ve done is put a 10% deposit on my credit card. So I got my team in on Monday and we started value-facturing, we starting renovating the property.
One of my rules is I never spend more than 5% of the purchase price on the renovations, otherwise you’re over capitalising. So I got my team in there and we started renovating it, and on day 1, I put a ‘For Lease’ sign outside. The reason why I put a For Lease sign outside is because you’re going to engage curiosity and interest; you’re going to get nosy or curious neighbours or people driving by kind of thing. I put the For Lease sign out because I don’t want to value-facture a property and then wait for tenants to come in, and wait on applications. When I sell the property, or when a property is ready to be rented out, I want at least 5-6 different applications, so at no stage is there any vacancy. So Monday my team goes in there and within three weeks we have completely renovated the property. This is before settlement.
About four days later I get the bank in there to give me a valuation on the current valuation of the property that has now been renovated. Mind you, I’ve only put a 10% deposit down – the property is not even settled. So the property got valued for $340,000.00.Awesome. I bought it for below $200,000.00 – so $340,000.00 now; I got 80% borrowings off the $340,000.00. So you’ve basically got it almost no money down then by just.
Absolutely, definitely, and I’m thinking this is perfect because every property I buy now I’m looking at vacant possession and I always get access before settlement – I always make that adjustment, that clause in the contract because we use the settlement period to do all the renovations. And then day one I’ve got 5 or 6 different rental applications because I put the For Lease sign out from day one. And how can you have such a good team that can turn this stuff around on such short notice, because some people find tradesmen unreliable?
Because they are on the same building team, a bunch of three guys. I organise a property and they go in and bang – they do the work within three weeks. That includes carpentry, new engine – bathroom and kitchens. Landscaping, painting, purely cosmetic stuff. So I do all my renovations during the settlement period.
I manipulate the valuation, in other words, I add value to the properties, I’m not one to wait for capital growth because for me the most important thing when it comes to investing in property – the profits have got to be in the purchase. And if you get capital growth, bang, wonderful for you. I buy right, I buy dilapidated, I never buy brand new because when you buy brand new – why pay the developer’s profit? At all times I want to be the one adding the value. And I use the settlement period to do all the renovations and the property is always tenanted, 100% occupancy and I’ve already raised the valuation and I get the new valuation based on the new valuation of the property – not what I acquired the property for. And that allows me to leap frog into the next property, and once again the majority of the properties that I’m buying – it may be the odd house if it’s priced correctly. I don’t spend more than $500,000 for a house that I’m going to renovate.
I’m looking for properties priced around between $200,000-500,000. And you can still find them within the suburbs and the right radius to the city? You can do, right now you’ve got to find a fairly dilapidated one, one that’s been heavily neglected. But I’m buying a lot of apartment blocks where there is one or four apartments; older style. I don’t buy anything post 50’s – I like anywhere between 1890’s to 1930’s. I want that clinker brick, that solid brick.
It cannot be duplicated, it’s got to be scarce, that scarcity type product. Yeah absolutely, and you’ve mentioned the word engine a few times; that’s the kitchen, the bathroom, the back yard?
Yeah, the kitchen, bathroom and landscaping, they are the engines of the house just there.They’re the engines of the capital growth in the house? Absolutely, and in regards to aesthetics; the letterbox and the front door because that’s the first thing that people see. They’re checking to see the letterbox when they drive past to find the right property, correct? You always look at the letterbox. The next thing, they walk to the front door because they’ve got to knock on the door, so the aesthetic stuff on the outside – letterbox, the front door and the three engines; the landscaping, the kitchen and the bathroom – done. So it’s all about leverage, you are focusing on the three key areas that are going to allow you to value-facture the most money in the shortest amount of time?
Yep, purely cosmetic, I’m not doing big foundation stuff because usually I look for properties where the foundation is pretty good anyway. I don’t want to go in there restumping and doing this and doing that, or doing the plumbing or the electrical because these are intangible, they are not things that can be perceived or seen. Let me ask you a question; how does your team know exactly what to do? Do you have a checklist for them or do you monitor them, or are you on the site?
How do they go in and just know this stuff? Rule two is to know exactly what I’m looking for, and they’ll tell me exactly what needs to be done, and then I send my team in there. So really on acquired properties I haven’t seen the property until months or years later. So for me, I run a cookie cutter system. We use the same paints and the same period style like the burgundies, the regent green type colours or the clinker brick style. So you are buying certain houses with a certain traditional look and adding that look to them?
That’s correct, absolutely, so if its vinyl tiled we remove the vinyl tiles. If it’s carpets, we remove the carpets.
I despise carpets, I despise curtains, give me a nice set of blinds. Give me a nice wood grain finish. Give me nice solid brick walls. Give me nice textures around the walls, ornate finishes and what have you. So it’s about making homes that people want to live in?
Exactly and I don’t get emotional about it because I don’t live in these properties, but I make them very, very bright, new white goods etc. I provide cable TV to my clients. I don’t call them my tenants, I call them my clients.
I pay for their cable TV. I provide perks. For you it’s a capital expense anyway, you can claim it. I provide free Wi-Fi and cable TV. If you were looking at two properties okay, and one was offering free cable and Wi-Fi; which would you choose? Someone else, you’d have to bring your own routers, bring your own set – I include a Plasma screen with cable and free Wi-Fi. Amazing, you must have a lot of people applying?
You’ve got to make it, what’s in it for them? You need to incentivise the property rental. In most cases I’ll even say well listen, you can also ask for a two year rental contract based on what you are offering too. You may even go five years and give them a car or something. Let’s say you give a $10,000.00 car or something? Andyou run a car lease on it.
You can get creative, and at all times value-facture and add value to your client’s life, because when you add value to your client’s life guess what? You’re going to avoid vacancies and they’re going to look after the property. Absolutely, so tell me are you getting above market average rents? My properties are positive cash flow. So you’re making positive cash flow through this?
Yeah, and I have my own private residences around the world, and when I’m not using them I’m also renting them out too. Yep, so you’ve invested in places like Morocco, America. The Greek Islands; these are my private retreats, this is where I unwind. I have investment properties that I don’t personally live in, they are rented out 24/7, but I have my private retreats around the world and when not in use, I’ll lease them out too.
Some of those rent out for $700.00 to $1,000.00 a night, depending on the property. And tell me there’s been a lot of activity in the Australian market of Australian investors buying US property, what are your thoughts on that - because you live in America as well? Here’s the thing, it’s going to take about a good 6, 7, 8, 9 years for property prices to be where they were back in 2007. And there are a lot of variables around them. I look at the American economy; they’re using a defibrillator to even attempt to resuscitate it. It’s going to take at least two years just for it to bottom out still.
You’ve got millions and millions of foreclosures. I would rather use property tax liens instead of going out there and spending 30 or $40,000.00 on a property in a down beaten suburb and then you’ve got a low calibre tenant. Yeah, and with the tax liens, you’ll be talking about that more at your LIVE EVENT Yeah, property tax liens are a great way and a far more affordable way to acquire US property because the government is actually involved to make sure that you’re going to pay it out. It’s one of those deals where it’s protected by law. And for me the profit is in the purchase. I want certainty in everything I do in my life.
If you buy a brand new property, where is the guarantee it’s going to double in 10-12 years? There is no guarantee, because most individuals who go out there and buy property, chances are they’ve bought in a very speculative environment. They’ve bought at ridiculous prices, the fear of missing out type of mentality; and then four years later the property is worth 40% less than what they paid for it. And they are holding onto a property that’s now worth 40% less, they can’t get a tenant in there and they are forced to sell it, put it on the market.
And the crazy thing is, that’s why I never buy into a development where there are more than eight apartments. Another Rule.No exclusivity there? Exactly, because if you buy a development that’s 200 or 300 apartments, where they all look the same, what is so unique about yours? 70% of people who own properties are investors. And let’s say 60% of them are dumping their properties, their two bedroom apartments and they all look the same. They are all competing and all dropping the price because one party is more desperate than the other.
Yeah, it’s a vicious cycle. Exactly, that’s why I don’t get enticed in those city apartments and what have you, it’s ridiculous. It’s not worth it, brand new apartments.
There is no money in it. I say to people, ‘go find property 6kms out of the inner city, dilapidated, older style, can’t be duplicated, and scarce.
Buy into a development, either buy one apartment or buy the entire block’. Yep, and then you’ve got control. Yes, and talking about control let me share with the story about the first property that I bought. It’s in Hawthorn, and this apartment was a block of four apartments and I bought the first one. The developer gave me a really good price because he needed to get the finance.
With developers, they need at least 40-60% sold in order to get the finance. So I got a super duper cool price because it was the only apartment with a front and back courtyard. I bought that one because it also had its own private accessory, its own driveway.
I managed to buy the best apartment. It took me fifteen years later to acquire the other three in the same block, because they were tightly held and seldom sold.
I tell you, that was a great day because I got to eradicate, I walked up to the body corporate and I actually fired them. They are very tightly held apartments, in fact the last person, she was 70 and she became too sick and her son actually put her in an elderly citizen’s home and put the property on the market. And I acquired it at auction, and it’s really funny because the realtor and the auctioneer knew who I was, and they realised hey this guy has got three of these apartments, three in this complex, and he’s going to pay whatever it takes to acquire this last one. They had some auction stooges which ran the price up, but you know what? Did I pay 15-20 grand more for it, because they had their little stint going?
Of course I paid 15-20 grand more for it, but I just wanted to secure the entire complex and sack the body corporate. If you can buy the entire building, buy the entire building.
If not, buy one apartment and work with that, value-facture it and just buy well. The profit is in the purchase, and create the value.
One other question before we move on to a different topic; how do you pick your renovation team and how have you got them to be loyal to you, because they’ve obviously got other projects on when you say right, I want you to do this. And they just come in and drop everything to do it. So what have you done with your team to get them to be such a dream team?
First of all my team, they run independently to me. I always monitor what they are doing in regards to their work load.
That’s how I basically do it.So explain that more deeply? Say if you bought a property next month how would you make sure that your guys were going to be available at the drop of a hat so you can.? Okay, well I’ve got my head guy who basically moderates the team. If any of the team are too busy with other properties then we outsource two other guys, but I still have my main guy who basically moderates my properties as a priority.
Right, you’ve got a manager that, if you give him a lot of work he helps you out. Exactly, yes, and he does all the carpentry and all the landscaping. And he basically does all the fit outs of the white goods, and he knows exactly what I do because all my properties like I said; I’ve got a storage place and we keep all our paints, all the materials, it’s exactly the same. All the outsourced guys do the flooring and we use the same guy. We use the same company every time. Yes, absolutely, and do you have it all check listed out, or do your guys just know exactly what to do now? They look at a property and they know exactly what needs to be done, and they always document it for example; so they always give me like a daily or weekly summary depending where I’m travelling.
It’s very much business formulated, this is something I do on the side because I love it. But for me, I utilise the equity.
To me it’s all about the equity. Its how much juice I can juice out of the property.
It’s all about the elephant juice. I use that juice and then I go and apply it into the financial markets.
Well that brings us to the next part. Although property is a sideline passion, you also are well known for your popular Sharelord Powerful CashFlow Strategy. What is that and how does it relate to your property strategy?
How do they interweave? First of all, I’m not a gambler, I’m not a speculator. There’s two ways to look at the stock market for example, you could be the speculator, the prospector, up to your knees in mud, hoping to strike it rich; or you can be the one selling the pans and the picks and the shovels. Well, I sell the pans and the picks and the shovels because what I do is reverse engineer the Stock Market. What I do is, I create the stock market for speculators. I utilise a particular strategy called Sharelord and we are able to potentially generate between 3-9% on a monthly basis. And when you’re paying 7-8% p.a.
On a line of credit versus generating 3-9% on a monthly basis, that’s monetary arbitrage, and I utilise that cash flow to go out there and acquire more property. And the more property you own the more access to cash in regards to a line of credit you have. So basically you’re using this particular strategy, this share market cash flow strategy as a way of fuelling more property purchases and also getting a better return on the equity or the cash flow that you build up, and the cash that you build up from property? Exactly, so the financial markets are cash flow, and the property market is my capital growth vehicle.Yep, and they both work together so you can.
Absolutely, so basically property is my capital growth vehicle and my asset base in order to siphon out the equity and then I use that equity in the financial markets, but I don’t go into the speculative part of the markets – I have more certainty in regards to generating 3-9% on a monthly basis. Then I use that money and then I use that to invest back into property or invest in more momentum type strategies. What do you mean by momentum type strategies? Where it’s a higher yield strategy, it’s also has a higher risk ratio. But don’t forget too, the money that I’m using is not money generated from J.OB income. It’s money that’s generated from other investments. So it’s got a different psychology attached to it.
It’s not after tax dollars, hard earned sweat and tears; it’s through investment dollars generated elsewhere. So there are no emotions.
It’s emotionally disconnected money, that’s what I call it. Yeah that’s right, because sometimes you see on the show, Dragon’s Den, I don’t know if you’ve ever seen it but it’s basically entrepreneurs pitch their ideas to investors, and the investors. I know the show; I was actually with James Caan on the British Dragon’s Den. I pitched a product to him at a business 2012 event that I was speaking at with Richard Branson. There was myself on stage, Richard Branson was there and James Caan and I basically pitched an idea to him live on stage. They had different speakers and they chose me out of all the speakers to pitch the most successful product to him.
I had five minutes to create a product and to pitch it on the spot because he was one of the representatives. Wow, there you go, so you know the show well. One of the things sometimes entrepreneurs say is they say oh I couldn’t possible give you that much equity because I’ve worked so hard to build this company. So it’s not the business deal in terms of how much money they will make. They are emotionally attached. The way I invest is I use one vehicle to create the capital growth and the equity, and I use that equity to invest in another vehicle, and that gives me a nice conservative income.
Then I use that conservative income to invest elsewhere, so it starts with an emotional connection, then it basically evolves into emotionally disconnected money. Then I use that particular money to invest in more high yield investments.
I understand, and you’ve also got businesses that fuel your cash flow? Yeah definitely, and with business I perform the same strategies, I value-facture, I value-facture properties. I value-facture people's lives from a life coach perspective and I value-facture businesses in regards to adding value to their bottom dollar. I’m a very creative person and love to franchise or license out my ideas.Yep, and ultimately you’ve created a life of multiple streams of income, and having multiple adventures, so it’s been an amazing journey from a sick migrant Greek boy to having exotic homes all around the world.
You’d have over 30 properties in Australia? The funny thing is when you start buying properties your first goal is you want to get 10 properties, and then you want to get 15 properties, then you want to get 20 properties. The realistic thing is after 20 I stopped counting. To me I’ve got a lot of properties worldwide now.
Yeah, you’re always looking for the uniqueness; you’re always looking for value. It’s got to be unique, there’s got to be a great void where I can add value to the property. And all my investment properties, 20% total deposit and with 80% borrowings, so that way I’ve got an LVR ratio of about 80/20. And my own properties that I live in, I want them to be paid outright. Yes, so you’ve got that total security. Yes because they’re a liability but investment properties are your assets. I don’t subscribe to negative gearing for my investment properties; they’ve got to be neutral to positive cash flow.
Yep, and you do that through value-facturing? Absolutely, that’s my main strategy. And like I said, it’s like I’ve stumbled upon these ideas. As we conclude though, I want to share with you another strategy that I stumbled upon. Funny enough it was another Toorak Road property, and it was a two bedroom house. I rented it out for two years, it was a two bedroom house but I got it back as a three bedroom house.
So were they carpenters or something? Or did they crack a hole in the wall? No, they ran an illegal brothel!
So imagine it, business was that good that one of the bedrooms which was extraordinary large because of the times, they actually put a wall in the middle and then it become a third bedroom. I got it back as a three bedroom, I’m thinking, ‘how can I use this to my advantage’. Then I checked the rents for three bedroom properties in the same area and I’m thinking, ‘you know what, I could charge an extra $130.00 per week for it’. This is awesome!
So basically whenever I’m looking for a house now with large bedrooms, the first thing I do is put a wall in the middle. Yeah, well being a property investor or being a landlord has got to be one of the oldest professions in the world and you just made money off one of the other oldest professions in the world! It’s hilarious, but like I said I just stumbled upon these ideas.
I didn’t get around to it by learning how to buy a brothel, you know?Yeah exactly you’ve just gone out there and had a go and learnt. I’ve had a go and you know what? I’ve made some mistakes, but when I reflect back it’s really worked for me. What people say is, never sell any property, and I’ve never sold one property.
I don’t care in the most trying of times if you need cash flow, or whatever reason, the biggest regret will be selling your properties. Yeah, you often read about that, someone sold a property on the Northern beaches. Exactly it started back in the 80’s and they’re thinking, ‘if I kept that property it would be now worth 1.6 million dollars’. I bought my property for $156,000.00 in the late 80’s, but that would be worth over a million dollars soon. How many more properties, it’s one of those things where you never, ever sell it – let it run. Just let it run because it’s the equity that is the most valuable thing, not the property itself. Yeah exactly.
And it’s how you find better gainful employment on that equity. I’m not talking about equity where you’re going to blow it on a holiday or a fast car, where you’re going to lose money on. What I’m saying is use that equity wisely, invest in a low risk conservative strategies where you can potentially generate your 3-9% per month.
The returns from that are then utilised to invest elsewhere so you create emotionally disconnected funds now – where you can actually achieve higher yields now. Yes, it’s a very important psychological perspective. It is, it’s all psychology.
I say to people if you’re chasing money, you’re not going to find it. Work on your belief system, work on your mindset, and wealth is simply a default result. Yeah because it sounds like your whole strategy isn’t based on chasing money, its creating value which is a completely different focus. Absolutely, and once again too it’s like when you’re adding value, whether it’s a business or a person’s life, or valuing a property – a person is willing to pay you whatever it takes to have the intrinsic worth of themselves or their business; they will pay top dollar for it, every time. I think that’s a really important psychological distinction, because being a gold coin chasing opportunity seeker is the surest way to run around in circles and not make money, but being a value creator – well that’s usually a valuable commodity in any market. Now, you’ll be going into these strategies more deeply at the thrillionaire revolution – do you want to just share quickly what that is about?
Nik Halik The Thrillionaire Pdf Download Video
It really is an expansion of my book, which has now become a best seller ‘The Thrillionaire’. The thrillionaire revolution it’s an experience with personal development and financial literacy, and I also invite my inner circle of advisors in regards to their strategies too. So it’s a unique forum, and it’s not just an event where you don’t really get the full picture in regards to how the strategy is basically executed and what have you. 80% of it is me in greater detail drilling deep and I’mdrilling into that vein of gold and just providing nugget after nugget after nugget.
And it’s all off the back of my experiences. I’ve made every mistake imaginable, but I’ve also stumbled upon some absolute winners. And one of the interesting things that I know one of your colleagues I know will be talking about at this event is the idea of a tax lien. What is exactly possible in terms of acquiring property through a tax lien? If there’s a property in default you can actually take out a lien on a property and what have you too. Let’s say a property owner then pays the default, then you’re lien that you basically put on that property is paid back to you but with interest and it’s guaranteed by the government.
If that individual who has defaulted on their property in regards to rates and what have you, then you can acquire that property free and clear. Wow, so what does that mean for me in nuts and bolts? What could I potentially.
Basically well let’s say you’ve taken a tax lien on a property and it was 15 or $2000.00 and you’ve acquired a property that is now worth $200,000.00. And it’s a really great way, and there’s thousands and thousands of tax liens every week. I’ve got a buddy of mine just like churning these out every day. I don’t subscribe to the words ‘hope, wish, try’ – I want more of a definitive nature in my life. I want absolute certainty. Yeah I understand, so basically this is the situation where you could potentially invest in a certain amount of money, say $15,000.00 to acquire a property potentially worth as much as $200,000.00?
We’re talking up to $1,500.00 to take a lien. Some of the case studies we’re going to share at The Thrillionare Revolution is incredible, I mean some of the properties that have been purchased for liens, it’s just ridiculous.
Think about it, in America there are such unique opportunity but I believe Australians who are investing in the American market, they’re investing it all the wrong way right now. They’re investing based on speculation. And like I said, I don’t subscribe to speculation; I want certainty. John if you asked me, there are two things in life that I can’t personally control – that’s the weather and traffic. I want to be in control of everything that I do in my life, and when I invest the profits in the purchase day one. I don’t buy with ‘hope’, because if you outlay money and you’re hoping on a return then you are speculating. Hope is not a good strategy.
No of course not. And with me, whether it’s tax liens or whether it’s my Sharelord strategy, or whether it’s my value-facturing strategy with property; I know with great certainty how much value I can create. I know the bench mark price of properties. I know how much the unimproved land value is worth. And I spend no more than 5% on the purchase price.Absolutely, so the big things are just having control, certainty and not relying on hope, and that’s what the whole value-fracturing philosophy is about – you creating the whole.
Absolutely John, the poorest people in the world are the ones that hope and wish – fact. There’s an odd saying – Tatts Lotto is a tax on the stupid.
Nik Halik Net Worth
Obviously it could be enjoyable to buy Tatts Lotto tickets, but just saying as a strategy hope is not the best option. So look Nik thanks so much, there’s a link to The Thrillionaire Revolution event just below, so for those of you that want to claim a ticket to that you can certainly do that. Nik, you’ve lived an inspired journey from a sickly son of a migrant working class family to a global entrepreneur investor multi millionaire thrillionaire. So thank you so much for your time, and I’m sure we’ve all got some benefit from it today.