When buying the ‘ugly duckling house’ pays off

houseThe great thing about property investing is also the one attribute that new investors find most confusing: there are just so many options.

There are dozens of strategies you can use to get ahead; several different types of properties you can invest in; and various personal buying rules you can set to help you reach your goals.

What works for you may not work for your neighbour (and vice versa) because we all have different budgets, risk profiles, mindsets and goals.

That’s why I love sharing my students’ property success stories. It allows other investors to see what’s working for someone else, to see if there are any tips, advice or strategies they could use in their own investing journey.

Our long-time student Karen has achieved incredible things in Victoria’s regional property market.

She has a couple of simple rules to guide her property purchases, which may not work for everyone, but they certainly work for her: Homes have to be positively geared, and they must be located within driving distance of her home in Melbourne, for her to consider adding them to her portfolio.

“The whole point of investing in the country was to make things cheaper and I didn’t want to spend thousands of my hard-earned money on all the costs associated with travelling to inspections and auctions interstate,” she shares.

Read more about Karen’s inspirational story, including the purchase of her “ugly duckling” home in Albury, here. Keep up the incredible work Karen!

Til next time, happy investing!

Helen Collier-Kogtevs

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

Become a successful Property Investor

Start Here With Your Free Investment Gift Pack Valued at $297
how to project manage your renovation

Get one step closer, Fill in the form below

  • This field is for validation purposes and should be left unchanged.

More from Real Wealth Australia

Property market about to go ballistic in australia
Articles

The Property Market Is About To Go Ballistic!

I’ve got good news for you and more good news! Firstly, you may have heard that the Reserve Bank of Australia (RBA) have indicated that …

How to Maximise Your Most Important Investments this Christmas_7
BLOG

How to Maximise Your Most Important Investments this Christmas

Your biggest investment: what it is and how much is it worth? If it’s your home, it could be worth a fair chunk of change. …

/the-next-boom-cycle-is-coming-prepare-yourself/
Articles

It’s official! Australia is now in a recession… now what?

As Australia has experienced three months of negative growth we are now officially in recession. I wanted to share my thoughts on this as there …