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Young couple reinvent the Japanese Property Strategy; At 24.5 years of age they "own" 22 properties, 19 acquired this year!
Topic Started: 20 Sep 2015, 11:14 AM (15,166 Views)
Ex BP Golly
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Sydney couple in their 20s go on home buying spree, picking up 19 properties in a single year
AIDAN DEVINE
THE DAILY TELEGRAPH
SEPTEMBER 11, 2015

THEY’RE in their mid-20s and earn average incomes, yet Emily Sharp and Luke Rogers own 22 homes — 19 purchased in the last year alone.

The Sydney couple’s $3 million property portfolio includes homes in Sydney, the Blue Mountains, Central Coast and Queensland, which they’ve purchased mostly over the past 12 months despite one of the biggest price booms in history.

Ms Sharp, 25, and Mr Rogers, 24, purchased their homes with no financial help from friends or family and have relied instead on a clever home buying strategy and savings from their salaries — she works a graduate position in marketing, he works in the army....

The tactics they’ve used to purchase nine times as many homes in a year as the average Aussie will own in a lifetime may seem complicated, but anyone can do the same, Mr Rogers said.

“The trick is to have equity in the home the day you purchase it. You then take out that equity to buy your next properties,” he said.....

His research led him to Nathan Birch of Binvested, a Western Sydney native who bought more than 150 properties before turning 30. They decided to mirror Mr Birch’s approach....."


http://m.dailytelegraph.com.au/news/nsw/sydney-couple-in-their-20s-go-on-home-buying-spree-picking-up-19-properties-in-a-single-year/story-fni0cx12-1227534496884?sv=46165589edf059b4297c0b9cbc313b9b&utm_source=The%20Telegraph&utm_medium=email&utm_campaign=editorial


WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Jimbo
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Ex BP Golly
20 Sep 2015, 11:14 AM
His research led him to Nathan Birch of Binvested, a Western Sydney native who bought more than 150 properties before turning 30. They decided to mirror Mr Birch’s approach.....
Brilliant idea.

Do what everybody else has already done and milked to death.

Can't fail.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Terry
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Jimbo
20 Sep 2015, 11:17 AM
Brilliant idea.

Do what everybody else has already done and milked to death.

Can't fail.
Hang on. Nathan Birch is fast becoming or become a role model for aspirational youth in Australia. Nathan embodies much of what suburban dreams are made of.
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zaph
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Ex BP Golly
20 Sep 2015, 11:14 AM
The Sydney couple’s $3 million property portfolio includes homes in Sydney, the Blue Mountains, Central Coast and Queensland, which they’ve purchased mostly over the past 12 months despite one of the biggest price booms in history.
An average of $136k per property. Such quality. A simple blocked dunny fix could eat up the rent for an entire year on these gems.
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createdby
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Got my popcorn and soda ready.


Posted Image
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Frank Castle
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Business As Usual

zaph
20 Sep 2015, 12:17 PM
An average of $136k per property. Such quality. A simple blocked dunny fix could eat up the rent for an entire year on these gems.
What a load of shit ;)

Had one done a few months back.
Toilet removed - snake put down - then a camera to check - toilet reinstalled - cleanup.
$180.
Edited by Frank Castle, 20 Sep 2015, 01:25 PM.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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zaph
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Frank Castle
20 Sep 2015, 01:24 PM

Had one done a few months back.
Toilet removed - snake put down - then a camera to check - toilet reinstalled - cleanup.
$180.
Quote:
 
What a load of shit ;)


It's a pretty stinky story. Ghost written by NB no doubt.

A gross exaggeration on my part to make a point. That's very cheap service you got.

Properties at $136k must be in areas where rental demand is very sketchy. A house on average, requires shit to be done to it, painting, carpeting etc (perhaps $6ks worth) every so often. The cost is the same for a place with a shit rental price or a better one.
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Ex BP Golly
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Frank Castle
20 Sep 2015, 01:24 PM
What a load of shit ;)

Had one done a few months back.
Toilet removed - snake put down - then a camera to check - toilet reinstalled - cleanup.
$180.
That Vietnam time share comes with a dunny? !!!
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Jimbo
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Quote:
 
Any homes the couple now purchase must meet three criteria: the home must be in an area where prices are about to go up fast, the monthly rental income must exceed their mortgage repayments and the price must be below the property’s true market value.


This is a joke right?
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Chris
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Jimbo
20 Sep 2015, 05:13 PM


This is a joke right?
Nope it's Birchinism, the new economic marvel created by Nathan Birch (possibly also assisted by highly reputable and scrupulous values, brokers and agents).
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