Lucy is only 23 years old (Income $65,000  suburb Quakers Hill NSW)  and is in a hurry to get into the property market as soon as she could. Her parents have had some bad experiences with the investment properties they purchased so Lucy was a tad nervous to say the least. When I met Lucy, she was $7,000 short to qualify for a property. So I helped her whip up a savings plan.

In three months, she got the money together and I found her a perfect property in a high-growth area. I helped her secure a tenant. And the rent more than covers the repayments and actually gives, an extra $93 in Lucy’s pocket every week! Now, 18 months later Lucy has just acquired her next investment property, this time around it is a dual income property which is adding and extra $127 a week to her pocket. At 25 years old, Lucy is well on her way to achieving her goal of owning 5 properties in her 30’s and becoming a savvy property investor. 

I’ve been working with Steve for about two years. Steve (income $98,000 – tradie, electrician – Suburb: Miller NSW ) is 54 years old and is planning on retiring in 11 years. When I first met him, he had a mortgage on his own home and was paying off one investment property. He bought that investment property over five years ago and it had only appreciated in value by $40,000. Steve had no idea how he’d have enough money to retire.

I helped Steve work out a plan to buy four more investment properties over the next 10 years to create a nest egg and an income stream for retirement. After two years, the first two properties have grown strongly in value (the QLD property has equity of $134k and the VIC property has $63k) . As an extra bonus, these properties are cash flow positive and are putting almost $200 a week in Steve’s pocket($187 per week). Steve now see’s how he will be living a comfortable retirement.

Jim & Jennifer (incomes $87,000 & $68,000 suburb: Elenora Heights NSW ), they are both 35 years old and have two kids. When I met them, they had a mortgage and very little savings. They couldn’t see how they were going to pay off their own mortgage let alone looking at investing in property with their financial situation. We set out a plan for them and in 2 and half years they acquired two investment properties one in NSW and the other in QLD. Things were going well for them, until Jim was laid off from work.

We sat down together and I helped them restructure their finances and this gave Jim six months to find another job without financial stress or tension. Seven weeks later, Jim found a job. That was 18 months ago, now they just had their properties appraised and couldn’t believe their eyes when they realized that they had reached their goal – the equity in their investment properties covers their home mortgage balance. In 4 years Jim & Jennifer have now the funds to pay off their home. We are now working towards their next investment property goal where they are focused on retirement.