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The 25-year-old with eight investment properties

Discussion in 'Investor Psychology' started by Mumbai, 20th Oct, 2015.

  1. Mumbai

    Mumbai Well-Known Member

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  2. Joshwaaaa

    Joshwaaaa Well-Known Member

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    ahh to be able to live with the folks rent free, wouldnt it be nice
     
  3. norwoodman

    norwoodman Well-Known Member

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    The number of times I've been recommended to go live with the parents rent free to save money as advice... If my parents didn't live on the other side of the country and there was work there for me I'd consider it! (Good on him though for making the most of his position and equity)
     
  4. D.T.

    D.T. Adelaide Property Manager Business Member

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    I don't want to name any names, but there are people on here the same age with more properties so they should be congratulated as well. Not trying to take away from Jeremy's achievements of course.
     
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  5. Callum

    Callum Member

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    http://www.domain.com.au/news/the-25yearold-with-eight-investment-properties-20151020-gk9kbj/

    I'm interested in the profile of investors like Jeremy and others who start when young, as I'm thinking about my children's need to be financially savvy. Seems like these early achievers:
    • Work to save in the teen years
    • Tend to go for cashflow-neutral or -positive properties and are willing to shop far and wide
    • Benefit from family assistance, e.g. living rent-free; family loan
    • Are driven to invest -- obvious but I do think it sets them apart from peers
    What other characteristics might they have?
     
  6. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Im still looking for the binvested advertorial in the article...
     
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  7. Callum

    Callum Member

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    Don't usually read Domain -- what's the story there?
     
  8. Barny

    Barny Well-Known Member

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    Do you think 3 months rent to cover his entire portfolio is enough?
     
  9. York

    York Finance Broker Business Member

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    Just wondering if this is the same Jeremy from this forum...? He has a different name on this forum though. ..
     
  10. twobobsworth

    twobobsworth Well-Known Member

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    Congrats to what he's achieved but I still think it's a puff piece for something else he is offering.
     
  11. HUGH72

    HUGH72 Well-Known Member

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    Looks like he is off to a good start, one property which has almost doubled in value probably provides the equity and the further purchases must have been high yielding strong cash flow cheapies. Thats most likely the only way he could buy that many from nothing in a couple of years.
     
  12. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    The info about his accounting firm makes me think its a shill for accounting investment work
     
  13. 2FAST4U

    2FAST4U Well-Known Member

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    To his credit he does seem to have picked good areas and has diversified interstate. It's certainly a lot better than an article a few months ago about the 24 year old girl on 50k who had amassed 2.5m worth of units throughout Sydney.
     
  14. Lacrim

    Lacrim Well-Known Member

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    I don't think that house in St Andrews will be worth $600K for much longer.
     
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  15. 2FAST4U

    2FAST4U Well-Known Member

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    True. Not really a problem for him though as he's already extracted the equity.
     
  16. adrian_christian

    adrian_christian Well-Known Member

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    We've all treated these type of articles with a healthy dose of skepticism in the past, but I don't think we're giving him enough credit, he still had to go out and do what he did.

    At 25, he's well on his way. Kudos.
     
  17. jins13

    jins13 Well-Known Member

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    Don't be a hater, unless the achievements are a fabrication of lies.
     
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  18. D.T.

    D.T. Adelaide Property Manager Business Member

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    I dont think anyone here is being a hater?
     
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  19. Bran

    Bran Well-Known Member

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    Sincere kudos to him.

    If his story were posted on here, we would be singing his praises.

    @Mumbai, why not share yours?
     
  20. jins13

    jins13 Well-Known Member

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    Yes, I agree there is no one is so far but just a general comment.