Tradie buys his FOURTH property at the age of 22 without the help of his parents – and reveals his five tips for scraping up enough money to find a home
- Queensland trader Norbert Kaess bought his first house at the age of 20
- He is now 22 and has a total of four properties in different parts of Queensland
- According to Mr. Kaess, Townsville is the & # 39; perfect place & # 39; for young buyers to invest
A young trader who bought his 22nd house without help from his parents at the age of 22 attributes his success to working on long working days, saving and smart buying.
Norbert Kaess, a 22-year-old tiler from Queensland, also puts his success in the real estate market down on investments in dilapidated houses that he can renovate and rent out.
Mr. Kaess soon started saving for his first home after graduating.
The ambitious worker was 20 when he made a $ 20,000 deposit to his first home in the West End, an older suburb of Townsville.
Trader Norbert Kaess (pictured outside his fourth building in Brisbane) started investing when he was 20
HOW TO BUY A HOUSE
1. Use a mortgage broker
2. Don't buy a brand new one
3. Search for deceased or taken possession of estates
4. Buy on land for multiple use
5. Choose your first property wisely
Source: Norbert Kaess, as quoted by realestate.com.au
He said that he had sacrificed his weekends and had worked long and hard hours to scrape the money together.
& # 39; I would still go out with friends on a Saturday night, but instead of having a hangover in bed on Sunday, I would get a hangover at work, & # 39; said Mr. Kaess. Townsville Bulletin.
Mr. Kaess, who now earns $ 1,600 a week in rental income, said Townsville was the perfect place for young buyers to invest.
Mr. Kaess bought his second building in the Belgian Gardens at the age of 21, before adding buildings in Brisbane and Bowen to his portfolio the following year.
In a Facebook post after he bought the house in Brisbane, he thanked his peers for helping renovate his properties to make them suitable for the rental market.
& # 39; I wasn't sure how feasible it would be if I was 22 and juggled the renovation of my house in Brisbane and it's a bit tricky here, & # 39; he wrote.
& # 39; So to all my tradition partners and friends who lend their time and skills to help me, I could not be more thankful.
& # 39; It means that the world will not be forgotten for me and your favors. & # 39;
Mr. Kaess (photo left) said he worked long hours and even worked on Sundays. He believes Townsville is the perfect place for young buyers to invest
Mr. Kaess said it was important for young investors looking for the housing market to spend money on an experienced mortgage broker.
& # 39; These people have years of experience; they will compare a range of banks and discuss it with you to get the best deal, & he said realestate.com.au.
He also suggested that young buyers should avoid buying new things and instead look for deceased or seized estates.
& # 39; The people who own the property have not paid for it and they have no emotional connection, so they are usually willing to settle for less & # 39 ;, he explained.
He also advised young real estate investors to do additional healthcare research before they bought their first home, and to consider buying on land for multiple use.
# It is (multi-use country) attractive to a wider range of people; including developers at re-sale. You must also consult an urban planner before you buy, so that they can tell you exactly what you can and cannot do with the block. & # 39;
Mr. Kaess stressed the importance of not using equity to secure home deposits.
& # 39; I did not use shares to buy the following properties, I started again and saved a down payment. I didn't want to stick to one economy, so I decided to buy in low, medium and high risk areas, & he said.
& # 39; With a low risk, Brisbane was because it was a subway, a high risk was Bowen because I thought it was subject to Adani going through it, and a medium risk was Townsville. & # 39;
He said he followed the footsteps of his older brother, a successful investor, and used his guidance before investing.
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