Young Investors

I’m 23 and relatively new to the property game. For the future I’m seriously thinking about getting into the wrapping business, at this stage I’m into cashflow, not exponential capital gains.

For me it’s all about lifestyle, and the more money coming in the better.

A few years ago I thought property investing was for wimpy old codgers who were too scared of the stockmarket. I became enlightened to my ignorance just as the boom was winding down, but plan to be ready for the next.

Hope this helps…G7

Hi Tribe of Dan,

i started out my property investing career in April 2002, at the time i think i was 20 years of age, anyways.. i started out with completly nothing.. today im age 22 (turning 23 this year) i have close to or around 20 investment properties under my name, ive only ever sold 2, but my goal is to attain 100 properties by the age of about 30 and before i go beyond the grave, i want to see that, when i have children, that my own family have a portfolio of over a 1000 properties in total. (that is my ultimate goal)

today i no longer work, im not retired or anything, but i treat property investing as a business, it does take alot of determination, but also its not luck, but in the words of Peter Spann’s book.

Strategy
Momentum
Diversification/Knowledge

if you have that in place, and you understand that money is just an idea.. you will quickly understand and think of a strategy, that will help you produce a plan, that can lead you to great fortunes or on the path to wealth..

Cheers,
sis

Wanna Talk About Stocks

Hi. I’ve just turned 25. My background is this:
– I spent 4 years in Uni studying Engineering, straight after school. I started Uni at 16. A bit young I guess…so I had 4 years to mature[cap]
– I then got a full time job at 20 earning about 45k. While working, I also studied IT part-time, tutored high school students, lectured one unit at Uni and saved like mad. I bought a second hand corolla for 10k with my savings within a month and my first IP within 3 months. I stopped tutoring & lecturing because I was heading for a mental breakdown![blink]
– My first IP was a CF +ve fluke because I was clueless about investing. My parents went guarantor for me (bless their souls) or else I couldn’t have done it. It was a one bedroom unit in downtown Darwin. Fantastic returns, zero vacancy, great depreciation.
– I bought another new 2 b/r unit in Darwin a year later. Again, my parents were guarantor and my savings as a deposit. Very good returns, good depreciation.
– I bought a 3 b/r townhouse 2 years later on the outskirts of Brisbane, 5 mins from the sea. CF -ve. Probably not the best move in hindsight, but it’s possibly neutral now and should experience nice gains. With this purchase, I put down a huge deposit and removed my parents as guarantors for all my properties.
– I sold the first unit this year because they are building a monstrous 33 story apartment right next door, replacing my harbour views with a concrete wall. I made a reasonable profit from the sale which I’m now sitting on.
– I’ve enjoyed dabbling in shares along the way, just for fun. I treat it more as a learning experience more than anything, but I’ve probably made better returns from it than property.
– I’ve also thrown in a healthy dose of ‘life’. Although I am a bit scroogey, I really enjoy travelling and have done long trips to Canada, USA, Asia and all around Australia. Mostly to attend church camps and do the work of God.
– Now, I’m about to get married and am focusing on moving out of home and paying down the ppor by consolidating assets. It will give me time to bake cakes, dress our home, think about babies and on the more important things in life…. We will probably invest again when the market’s down and we’re in a good position to reap the deals.

Here’s one for you Dan, when I was 18 one of my friends of the same age wanted to buy a house in our town for $80 000 to do up and live in. He was pretty handy on the tools and was an apprentice landscaper at the time. However, his parents and others that he worked with laughed at this suggestion so he canned his plans and probably any plans for a RE investing journey.

This house would now be worth atleast $200 000 and instead of owning it, he bought a fancy car instead and promptly wrote it off within 12 months.

I think you’ll figure out the moral of this story, so be warned, be careful who your taking advice from!

Hi, my age is above 25 but I have a sister who is twenty-four. She has done Environmental Science and now a fashion course. She’s just going to settle on a property soon. My parents are wrapping her the deal.

Thanks.

Hey everyone,
Im glad there are so many young guns comming out of the wood work. I have been reading alot from this site only. As a first time poster still finding my feet i have actually learnt alot from the past few weeks of reading. So thanks guys

AND YOU CAN TAKE THAT TO THE BANK !!!!!!!!!!

Wow! This is so impressive! I am finishing my degree in economics (economist) and thinking to do Masters in Professional Accountency…but then…well, if everything works out the way I plan I will be able to post an amazing story of my own. For now, though, thanks for keeping the flame of my hopes burning bright and strong
cheers

Work hard today so that you can rest well tomorrow…

Hi all,

i love these stories. i am now outside your age bracket at 30 , but i began investing at age 17 , i have had the good fortune of time being on my side(as all of you youngsters do) and now have in excess of 60 IP . I tend to have a different strategy to most on this site i only buy bluechip properties. Any how i started my working life as a sparky , and thought it would be good to invest in property . I guess what i am saying is any one can do it … just remember your dreams and stay focused.