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It’s the combination of his “accountant’s brain”, with his “doer attitude”, which makes Chris Gray a very effective property investor.
When he was 22 he shopped banks and found a lender willing to lend him a lot more money.
He also figured out how to buy a luxurious three bedroom family home and have it cost him less to finance than an undesirable one bedroom apartment (which was all he could really afford).
And the rest, as they say, is history…
Chris is now one of the most recognised property experts in Australia.
He is the host of Your Property Empire on Sky Business News, he’s CEO of a successful buyers agency in Sydney, and he writes 2-3 columns per month in major print and online media.
Chris’ strategy is essentially to buy and hold blue chip assets, and to refinance regularly to build cash-flow buffers and to fund new purchases as well.
He buys predominantly around the eastern beaches of NSW and reduces risk by keeping near Sydney’s median house price (approx. $1M in August 2016). This is well below what the comparably more affluent residents of Coogee and Bondi are willing to pay, so there’s always a lot of demand for his properties.
Chris says his strategy’s “too simple” for most clever people to appreciate or understand.
It’s his tongue and cheek way of emphasising that making money from residential real estate doesn’t have to be complicated.
What’s more important is to take action, and to adopt low risk strategies which have stood the test of time.
In our 30 minute interview with Chris we discuss these topics in a lot more detail.
Chris also explains:
- How the process of buying “off market” (silent sales) often saves tens of thousands of dollars
- How you can be interest rate agnostic, but still get the best deals from banks
- Why he is regularly featured on the news, but often ignores it
- Why he prefers buying renovated ‘today’, rather than unrenovated ‘tomorrow’; and
- How you can sell your property to a bank, and then buy it back the next day, without paying any transaction costs
Chris’ key tips for investors are:
Buy the green little motels scattered around the Monopoly board, but then live in the hotel on either Mayfair or Park Lane
Ladies and gentleman, please enjoy our 30 minute interview with Chris Gray:
If you want more from Chris you can download a free copy of his book Effortless Empire from here. It explains why property is a great vehicle for building and holding wealth, and it also explains how the best way to make money is to spend it (wisely).
Please share your feedback. What are your thoughts on Chris’ approach, and does it resonate at all?
