From $438K Debt to $100M+ (Part 2) - Mark Rolton #106

Mark Rolton flew to Hawaii to sit in a hotel lobby until a man he had never met came down for breakfast. He got two breakfasts and four pages of notes out of it, and says that is what redirected him from doing deals to owning cash flow.

Mark Rolton is an Australian property developer and option strategist who started as a carpenter. This is his second appearance on the show.

What you will learn:

- The caravan park maths he ran: a park bought at four to five million on four hectares that he says returned around $600,000 a year net

- Why he took blocks of land instead of commission cheques, and what that did to his tax position

- What he tells his daughter she will inherit, and the one condition under which he will help

- The gap he says has to exist between what you earn and what you spend, and the number he puts on it

- Why he thinks you only need four or five genuine developer buyers, not a market full of them

Chapters

00:00 Round two, and what he wanted to talk about

03:02 A father in law who pushed him for specifics

06:04 Fists through walls, and bills on the fridge

10:37 A compass with no needle, and starting round two on paper

13:39 Cutting a friendship group, and what comes after

18:11 Not telling anyone while you rebuild

21:10 Switching the dialogue away from self loathing

24:12 What his North Star is now

31:33 A fifteen year competitor who now buys him lunch

37:36 Telling his daughter she inherits nothing

42:08 Waiting in a Hawaii hotel lobby

45:07 The caravan park numbers

51:04 Whether projects are still the fastest cash flow

54:05 What he would do differently starting again

57:06 Finding the developer who built the area first

1:03:09 Two or three a year, and what that compounds to

1:09:15 You only need four or five real buyers

1:15:19 The lunch with the man who owned the block

1:21:20 Advice to his 26 year old self

1:28:51 Who do I need to be in this moment

Mark Rolton went from doing deals to owning the cash flow. Property should work the same way.

Most properties only make money if the market does. The ones that pay for themselves from the day you settle are bought differently, and it comes down to four points.

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General information only. Not financial, tax, legal or credit advice. Bothsides is not a mortgage broker or credit provider.