News.com.au 4 homes by 32

Noe that would be a more productive conversation..I agree....

 

That gives more context..she own.$1.5m in property...great she is having a go.

As to whether I would take on what she has to say...I don' think so....I think this is again is self promotion of a business angle she is taking.

It also looks like her LVR would be high thus her concerns around IO only loans....

 

@euro73 has explained it hundreds of times. What she did can't be replicated in today's lending environment.

 

Possibly not....but her issue is that she is holding possibly some apartments which is now past peak ...that will further restrain any further CG which will provide capital to invest.

I have now changed my strategy to recycling loans as well as new loans...that will keep me going for a little while yet.

 

@sash, I'm the same age as her but I have 5 x more properties than her. I do not post my entire portfolio on here because if I did there would be ALOT of ppl that would figure out who I am if they cross related where my properties are and shared my journey like what I do for work, my online businesses and my consultancy firm that I run. Also they match my avatar and my hobbies/interests like horology/racing my cars and my anonymity is gone.

There is zero from me to gain from doing it except attracting unwanted attention. Also I dont want my clients from my online businesses and consultancy to know about my property portfolios and investments. It could be detrimental to them.

As much as I would like to rub your face with my portfolio that I have achieved 30 years younger than you - there are haters out in the world and its not a good thing to let the entire world know how much money you have - I've already shown you a glimse of how much my toys are worth. You can google them and see the price of each one.

 

I am sorry mate...but too many people on this site have made themselves look much bigger than they. Some of them got caught out...got a bit abusive...and subsequently got banned.

No one is asking you to post details....it is amazing how much can be discussed in a meet-up and one can ascertain whether they are fair dinkum or not.

Believe...me I agree with you...as there was a person who posted what I had...they actually did me a favour people then knew it was not BS.

Just that I find some of details some posters make a but far fetched....I know numbers well and some seem like fairy floss.

As for whether you have achieved things 30 years..younger...again that seems like fantasy...as I put you at mid thirties...and based on what I am hearing you till have not cracked 8 figure mark.

So lets stick to reality shall we? I look for consistency...and it would seem...there is quite of bit on inconsistency in what you say.....

 

I'm not sure people are balking at this because of tall poppy syndrome. It's just that this particular news site publishes articles in this format quite often, and in a huge number of instances these "I bought x many properties by x age look at me" articles feed would-be investors terrible, often outdated advice, and can foster an unrealistic attitude towards investing or the hard work it takes. They're almost always oversimplified into "just buy with almost no money down and then borrow, borrow, borrow easy peasy".

This article though is actually not too bad. It does sound like she borrowed with very little savings, which would be dangerously unrealistic in today's market, but there's some good advice in there, such as aim for quality over quantity. This person seems like they've made sensible purchasing choices, and benefitted from buying in a market that also wasn't in a bubble almost a decade ago. She hasn't just bought in a blind rush, she's built her portfolio wisely from what I can see. It's this genre of "snap up properties like candy quality be damned" articles that grates on me. If news.com.au made this less clickbaity it would probably come off as a much sounder article. "Secrets to striking it rich in property"? I mean come on. They've boganed it up.

 

Actually she came across as quite sensible to me.
She is renting as it is cheaper than owning in her preferred location.
She regularly reviews her portfolio and tweaks where she thinks necessary.
She is NOT sticking her head in the sand, acknowledges borrowing changes, and is aware she may have to start paying back principal, and has already switched one loan to P&I.
She acknowledges her strategy is high risk but seems to be closely monitoring things.

Sure, what she achieved may not be possible today with changed borrowing conditions - she does not say it is.

After all, many got their start with the low deposit, 105% loan available at the time, and due to subsequent rising markets have flourished.
Marg

 

Just to add she has 1 T/H in Canberra...2 units in Melbourne...and 1 TH in Brisbane

Assuming she bought something for 320k in Canberra it would be about 480k now.
2 units in Melbourne...lets say she bought them for 280k each worth 350k each
TH in Brisbane for 300k...now lets sa 320k

That means she has equity of about 320k on 1.5m ...that would leave her with 80 LVR.....

Now this is just a scenario..unless she bought stuff at under 250k...she would be at a very high LVR....this whole it is easy...I am not surprised she is tapped out...but if she did get say stuff under 200k....that would be impressive....

 

Yeh agreed. The second question is what happens to people who employed this recently (this example is pretty recent)? Do they stick fat or do they have to back it out?

 

If those are accurate (and we have no way to know) it’s probably not that big of a deal. 1.5 mil debt with passable rental income is ok depending on household income. If her husband has a robust income and she does ok it’s better than it looks at first glance. If she’s up near 2mil It’s probably more risky.

1.5 would make it hard if she pops out two kids and wants to buy or rent in a desirable suburb in the future. Wonder if they are turning to a pay down strategy from here.

 

I agree. Alot of members come here to stroke their own ego more than anything. Most people start with nothing and instead of wasting money on the latest gadgets, eating out etc. She invested in herself and took action and took on risks in order to achieve financial freedom, in itself is commendable.

 

And you dont think the self promotion is not ego?

Hmmmm....there are people on this forum who have achieved what she has in their mid twenties......she is nutin special...this sort of rubbish is just Rentvester porn.

 

Yes that's true. Different people, different times and different circumstances. In this day and age when all alot of young people do is whinge and blame others, it's good to see some are taking a different approach.

For the inexperienced investors the self promotion I'm the article is more educational than ego. It explained how she got the results and I think others can achieve the same if they followed it.

P.s I'm here for the rent-vesting porn

 

The purpose of the article for this young lady was to market her businesses.
The details of her portfolio could be risky, could be solid or could be a complete fantasy. It doesn't matter as that was not the reason for her putting her name in the media.
Well done to her either way!

 

I am 62 this year.

When I was young (40 to 45 years ago), a lot of young people whinged and blamed others.

Some of us took a different approach. As we aged, some of us (not all unfortunately) matured and took responsibility for our own lives; those that didn’t, still whinge and blame others. Unfortunately, I have some of these as family members.

I believe it has been this way for centuries. It is just humans being humans, unfortunately.

I was lucky. The light bulb came on when I was 19.

 

I'm not so sure. She's got some speculative investments that might have been taken out in a hot market (crypto and property for capital gains), which could bite her.

I agree with @Captnick that the article is to drive traffic to her online businesses.

 

I think the takeaway here is that this profile is not that uncommon and I am sure many rentvestors have built up a portfolio of units. Good luck to her, not the position I would really want to be in.

Hopefully these people are good enough to review and reflect on new rules/markets/strategies. I am sure some will and some wont.

 

This paragraph shows to me that she might not be that much of an expert, as I understand gearing not taking principal into account, so she's still positively geared.
I'm not flinging any mud though as I still make mistakes too (and there is a chance that my definition of gearing isn't the commonly accepted one).

 

At the end of the day its way way better than not having done anything and owning nothing. Especially her first one where she would have made decent capital growth by now for sure.