I’ve known him for over 20 years, but learned only yesterday of his wealth creation strategy. He said it all goes back to advice that he received in his early 20s, something like “everyone needs a place to live”. So, he started buying modest apartments in the 80s. He didn’t say how many, but he did say that he now has no debt whatsoever, and that his rental income is multiples of his salary as a well-paid Radiographer. He’ll be 55 this year.
So, for those of us without a plan to achieve financial independence, we should recognize that investments in real estate is a strategy that has worked for many. Yes, the market is ‘hot’, but the talk of a bubble is in direct contradiction to the opinions of several different banks’ economists, who all agree that the Sydney market will remain severely under-supplied for at least another two years.
Ring me for a no-obligation assessment of how you can get started.