I don't really know much about property, however was wondering if someone in here could help! (Even though it's a Sharemarket forum lol)
Anyhow, I occasionally see things on TV like "I own 78 properties and started off in a caravan" type stories, like what's on A Current Affair tonight.
My question is.. How on earth is this done? Even assuming the lady bought cheap houses (say $250K), she'd be worth nearly $20 million! How do you do that on an average income?? Am I missing something here?? What are the risks, and what is the general principle behind it all???
Some enlightenment would be appreciated.