Wonderful to see people pursue their financial goals no matter their family situation. Top line counts but not as much as the bottom line and what you do with that bottom line. I can relate to their story in many ways-4 kids, single income and 4 properties.
that first ppor was purchased in about 2015, no more moves where made until 2020 and then it was 6 deals done in under 2 years. Unfortunately Todd couldn't let me talk for the 5 hours it would take to go into depth explaining all the ins and outs!
Something really doesn't add up from their story - all the stories about buying in their backyard is cute and all but how much combined income to get this burrowing capacity?
Hey mate, great question! We didn’t go into detail about their income but for memory it was around the double six figure mark, so not low income but certainly not brining in crazy money
I’ve got one of my IPs in a company/trust structure. It’s a game changer when you find the broker and lender to make this work. My next purchase will be in the same structure, not a seperate one, as I’ve been told that isn’t necessary. The borrowings are hidden if you have one or multiple properties in that structure
That's because Todd couldn't let me talk for the 5 hours I would need to in order to explain all the ins and outs 🤣 happy to share more if you want to get in touch!
Grear story, with a little one myself it's encouraging to see a positive story about having the kids and the financial success all at the same time.
Thanks Rose! best of luck on your investing journey with the little one 🙂
Thankyou! happy to share more in depth if you'd like some more inspiration 😊 Ester
Legends ❤🎉
Thanks mate!
Wonderful to see people pursue their financial goals no matter their family situation. Top line counts but not as much as the bottom line and what you do with that bottom line. I can relate to their story in many ways-4 kids, single income and 4 properties.
That’s amazing!
Congrats 🙌🏼😊
@ thanks man. Appreciate your content-really good stuff.
Real question is how did they get $1m equity from first PPOR? E.g. gift from parents. Seems odd given the context they shared
that first ppor was purchased in about 2015, no more moves where made until 2020 and then it was 6 deals done in under 2 years. Unfortunately Todd couldn't let me talk for the 5 hours it would take to go into depth explaining all the ins and outs!
@roundmountainhorses6170 thanks for sharing the insight 😬
Haha put us both in a room we could make an episode that goes all day 😊
Great having you both on and thanks again for sharing your personal journey!
Something really doesn't add up from their story - all the stories about buying in their backyard is cute and all but how much combined income to get this burrowing capacity?
Hey mate, great question! We didn’t go into detail about their income but for memory it was around the double six figure mark, so not low income but certainly not brining in crazy money
They specifically mentioned they put each new property in a new trust
I’ve got one of my IPs in a company/trust structure. It’s a game changer when you find the broker and lender to make this work. My next purchase will be in the same structure, not a seperate one, as I’ve been told that isn’t necessary. The borrowings are hidden if you have one or multiple properties in that structure
That's because Todd couldn't let me talk for the 5 hours I would need to in order to explain all the ins and outs 🤣 happy to share more if you want to get in touch!