There is an IT worker named Andrew Hew, who
is all set to join an exclusive club.
He is right now waiting for the day his
under constructed home in the Potts Hill to be completed in the month January
and then he’ll be one of the only a handful of Sydneysiders, who indeed owns
more than 10 homes , but there is only a one key difference and i.e. he earns a
very fairly typical salary. The Homebush resident that he has, built up his
collection of the 11 properties, which actually includes his residence, with
the minimal cash and no inside knowledge of the construction. His investments
span in the Western Sydney, the Central Coast, regional NSW and Queensland and
the 10 of his homes were just purchased, after the housing boom began in 2012.
Now, that’s called the smart work.
His each purchase has been guided by the
genius buying tactics. “Mr Hew buys only in suburbs where he can nab deals for
under their market value and where rents can cover most of mortgage costs.”
“Buying property this way, I actually
increased my income with each purchase so the banks were able to keep issuing
me loans,” Mr Hew told.
“I
don’t even look at the properties I buy,” he told. “You have to do things
without emotion.” He added.
One of the most common mistakes most of the
buyers make, when they are investing in property is that they do buy homes only
in the areas, where they’d personally want to live in, Mr Hew explained the
thought.
Probably, he didn’t follow anybody but his
own mind, that’s why he is owing that many houses.
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