Emily Shape, 25, and Luke Rogers, 24, own 22 homes. 19 of these purchases occurred this year alone. The couple claim that anyone can do the same.
Rogers’ first purchase did not work out with poor rents and slow increases in value being yielded from his Gympie purchase. He quickly changed his strategy after he ‘started researching how other people made money in real estate.’
His research led him to decide mirroring Nathan Birch, property investor who has bought over 150 properties before the age of 30.
The couple follow 3 simple criteria when making a property purchase:
- LOCATION: the area of the investment property must be about to quickly rise
- MONTHLY PROFIT: mortgage repayments must be exceeded by monthly rental income
- GOOD VALUE: the purchase price must be beneath the property’s real market value
This means that in a few months the couple have equity. This is because they owe less than the value of their property purchase! The couple then uses this equity to secure a deposit on their next property investment.
The couple understands the importance of getting help. Emily Sharp says ‘trying to secure new loans and good deals on homes is time consuming, so we get help.’
The Sydney residents have units in Fairfield and Granville but have ventured out with majority of their properties being blocks of units in Cairns and Lithgow. ‘For us, you’ve got to look at the future growth areas and Sydney has already seen a lot of price growth. Brisbane looks better,’ said Luke Rogers.
Rogers was an ambitious teenager who starting saving for his first property at age 17 and has been rewarded with rental income that is higher than his job earnings.
A recipe of strict saving and determination are the key ingredients to the couple’s success.
If you have any queries about investments or wealth building – please don’t hesitate to get in touch with the team here at Fortis Accounting Partners. You can reach us on 02 9267 0108, or via info@exemplary-financial.flywheelsites.com.
