From House Sitters to Millionaires

The Success Story of Paul and Rachel Wright

Our story begins when we decided that we wanted to set ourselves up for the future.

property investorsTHE STRATEGY

We worked out the best way to do this and decided that investing in property was the way to go. So Rachel and I started by buying our first block of land 8 years ago. We managed to pay that one off in less than 2 years, but not without a lot of sacrifice.

THE SACRIFICE

In order to pay off the block of land so quickly we lived on only my wage which as an apprentice at the time was only 20k a year and put all of Rachel’s wage into the mortgage. We also gave up having a home of our own and became house sitters for other people, meaning that we lived a nomadic lifestyle moving from home to home as required and saving on paying rent. 

Paying off the loan so quickly gave us some equity to build on the block of land, using the equity once we had built our home once again gave us more equity to purchase our first investment property.

After reading a lot about property investing and how it can make us money I hopped on the internet and the first site I saw was for Property Wizards.

MEETING PROPERTY WIZARDS

So Rachel & I called them up, we discussed our position and what were hoping to achieve; we had a tight budget to invest in the market. They said that we would be best looking for a property that was going to give us maximum capital growth and with our budget we should look in a suburb where there is planned rezoning.

buyers agent property searchIt wasn’t very long before Property Wizards had found us something. They found us a property which was a corner block in an area where the council was increasing the zoning meaning that potentially this block of land would become a 2 unit site.

That is just from engaging the experts who bought us a brilliant piece of property in the right area at the right time for the best price and sitting on it.

THE REWARDS

We now own three properties, one which is our family home, the second is 100 % negative geared and costs us nothing at all, if anything we actually made a profit last financial year and the third property that we bought will cost us nothing at all for the next two years and once that time is up, we will get it revalued and it should continue to pay for itself.

We don’t have to  stress about money and our kids get the benefit of always having their parents around.

FROM HOUSE SITTERS TO PROPERTY MILLIONAIRES

Our portfolio is looking very healthy, having accrued a balance of over 1.5 million dollars in just 8 years and still being very young Rachel and I feel quite setup and secure for the future.

It is nice to know that we are able to live the life we want, provide for our children comfortably and retire at a much younger age than the norm.   

We have and will continue to use Buyers Agents and look forward to working with Property Wizards in the future. The expertise, knowledge and savvy they have, gave us and can give you peace of mind that they are going to get the best possible purchase for you and your money.

 

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