DAVID GRAY

DAVID GRAY | FOUNDER

Since purchasing Elders Real Estate Port Macquarie in 2017, David saw a unique opportunity in a market place that was open for change. In that time he has expanded to a total of 11 offices that strategically enable full market coverage, blanketing the Mid North Coast and Northern Rivers areas. As of the 1st November 2019 Elders Lifestyle Group was founded.

Prior to creating the Elders Lifestyle Group, David has had an extensive 20 plus year career in real estate and has a deep love for all things property. In that time David has transacted and managed real estate on behalf of his clients, actively been involved in building his own property portfolio and developed over $100 million of Real Estate in Sydney’s Eastern suburb’s market.

A SUMMER CHRISTMAS

PHOTO BY KAROLINA-GRABOWSKA

If you are new to the property game, ensure you have long term property market experience in your Ideal Property team. Many new investors have not experienced different market flows. Times can get tough.

Can you remember how bad the Global Financial Crisis was over 10 years ago in 2007/8? You need the patience to wait out the bad cycles. Or you can or stay in your lane with a clear plan for the future, focused on adding value. Ensure you have the experience and knowledge in your Ideal Property team to guide and teach you about the market.

Another secret is to take the emotion out of your decisions. When you stay in one lane you build experience and knowledge which reduces the anxiety of the unknown. If you need money in tough times take out the emotion. Do not shy away from releasing funds and taking a small loss. When the market is rock bottom the only way is up and you can reinvest another day. Instead plan, act, add value, learn, and repeat. These are the secrets of the wealthy.

The wealthy plan for the best rate of return in their investment portfolio and buying mindset. It is their KPI that removes emotion. I have bought properties, made money, and was happy. But I could have bought another property and made a lot more. In my early years my hunger to accumulate properties resulted in a rush to buy. I was often missing out on better opportunities because I had the wrong priorities. I have watched and learned some invaluable lessons

from wealthy property entrepreneurs.

WEALTH

X DAVID GRAY

Always have a plan with a minimum rate of return and patiently wait for the right opportunity. The wealthy were patient and very selective without emotion in transactions. Whilst I was still hungry and wanted to do deals and keep going. They were happy to miss a market cycle, even if it was a five-year cycle. Comfortable with their process and plan. These mentors have shown me how you can buy a really good asset and hold it for some time until you get the minimum rate of return you planned.