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Discussion in 'Introductions' started by Jay sharpe, 12th Apr, 2016.

  1. Jay sharpe

    Jay sharpe Member

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    12th Apr, 2016
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    Location:
    Berkeley vale
    Hey everybody, I'm Jay. I'm 22 years old and just got approved for my 3rd investment property. Well, I have two and third one is a appoval to develop and construct a granny flat.
    Hoping to find ways to meet and greet people and further my knowledge with investments.
     
    Last edited: 12th Apr, 2016
  2. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Location:
    Canberra and Sydney
    Hey Jay

    Welcome aboard.

    Congrats on achieving so much at a young age.

    You've found the right place! Stick around - ask questions and respond where you can.

    Cheers

    Jamie
     
  3. bob shovel

    bob shovel Well-Known Member

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    very sharp! ;)
     
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  4. wylie

    wylie Moderator Staff Member

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    Welcome Jay. It would be good to hear about how you have managed to get two IPs by age 22. I'm sure that would be helpful for other young readers. Our sons have bought early but that is due mainly to having us as parents, and I owe my early start to watching my parents. Did you have parents who guided you to an early start?
     
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  5. Jay sharpe

    Jay sharpe Member

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    Thanks for the question Wylie :)
    I failed my HSC, and didn't want to go into uni, so decided to go into the workforce and try to become a investor for the sole purpose of making money work for me instead of me working for money.
    Mum and dad said k can continue living at home aslong as I save for a house.
    I'm living on $250 a week and saving the rest.
    took me two years, (18-20) to save 42k for my first house.
    I've had a team helping me along the way, my mortgage broker, lawyer and accounted all paid through myself, however my dad helped me find my team.
    I used equity from my first house to purchase my second, but continued with my saving strategies
     
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  6. wylie

    wylie Moderator Staff Member

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    Do your parents have IPs too? If not, at least it sounds like they "get it" and support you. I've tried to explain to my youngest (20) that deciding against uni doesn't mean he is dumb or lazy and that he can make property work for him.

    I used to think he would "know" all this from watching us and helping us renovate places through his childhood, but he was the youngest and I guess too young to really understand - and we've not really done much "hands on" for several years now. So I need to educate him all over again.
     
  7. Jay sharpe

    Jay sharpe Member

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    Location:
    Berkeley vale
    My dad runs his own family business, but has not got IP's as of yet. Dad had a broad idea when I first started and knows houses if done right can bring you a good passive return, but I needed to further educate myself.
    Reading all the rich dad poor dads and several other property guide books to give me a insight. I then started looking at areas whilst I was saving so that I had a idea of prices and so if I come across a price to good to be true I would know it is. Familiarising areas was a big part of my process.
     
    Last edited: 12th Apr, 2016
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  8. DiligentPM

    DiligentPM Well-Known Member Business Member

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    Welcome aboard!
     
  9. Hodor

    Hodor Well-Known Member

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    Haven't you read all the articles of how young people will never be able to afford to buy a house? Some people just don't listen to reason and "facts".

    Seriously though, well done. Looking forward to hearing more of what you get up to.
     
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  10. Jay sharpe

    Jay sharpe Member

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    I find myself listening to it all, and taking it all in, then I choose to do what I believe I can do and what I want to achieve. Putting things into action is the hardest but most rewarding part
     
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  11. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    Wow, you're off to a flying start @Jay sharpe. Are you working towards a specific goal?

    I can only imagine what your portfolio will look like when you hit 30 years old.
     
  12. teetotal

    teetotal Well-Known Member

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    Well done and welcome !!
     
  13. Fielding

    Fielding Well-Known Member

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    Nice work mate, you should be proud of yourself.
     
  14. Bran

    Bran Well-Known Member

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    Nice mate.

    Welcome.
     
  15. datto

    datto Well-Known Member

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    Velcome aboard the gravy train Jay.
     
  16. Leo2413

    Leo2413 Well-Known Member Premium Member

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    If you keep going along the trajectory your on now and continue to learn, network and improve, by the time your 30-35 you'll most probably be more financially successful with a lot more options than many of those who scored in the top 5% of your HSC nationwide.

    But you gotta make sure your work income now is secure and try to increase it as much as possible. Well done mate.
     
  17. Jay sharpe

    Jay sharpe Member

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    Location:
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    Long term goal, just to be financially free with my main expenses, from there I haven't planned, thinking maybe opening up a business
     
  18. Jay sharpe

    Jay sharpe Member

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    Location:
    Berkeley vale
    Thanks heaps Leo, really appreciate it, this first time I've been on a property networking site, is awesome to see
     
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  19. Azazel

    Azazel Well-Known Member

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    Gday Jay, welcome aboard.
    Sounds like you're off to a good start, well done.
     
  20. Wukong

    Wukong Well-Known Member

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    Very refreshing introduction.

    You'll do well and the forum will appreciate your positive contributions :)

    Great though process.