How a Sydney couple in their 20s built a $20 million property portfolio
Back in 2009, young Sydney couple Scott and Mina O’Neill were working towards buying their first investment property, ready to re-think the traditional means of property ownership and shake up the market.
In their early twenties at the time, they were working numerous part-time jobs to save for a deposit bartending in nightclubs, working in retail and cleaning cars at dealerships, before managing to save around $60,000.
They secured a loan in 2010 after landing full-time jobs and they bought a house and granny flat in Sydney for $480,000, with a return of $660 each week.
Today that same property rents for $1000 per week and is worth over $1.1 million.
Over the next 10 years they continued to build their business and wealth by strategically purchasing properties that had good cash flow and capital growth. This strategy allowed them to build a portfolio worth around $20 million dollars, shared between 32 separate properties.
It was also the start of their business, buyers agency Rethink Investing.
Just like the small first house they bought in 2010, it’s clear from Scott and Mina’s story that choosing the right high yielding properties allows you to build your portfolio and wealth, as well as opening up more options in your retirement. Giving you more autonomy in your future.
Even while running the business, Scott and Mina still travel overseas three months each year using the passive income from their 32-strong property portfolio.
Their profile grew as they were featured in news articles about how they’d managed to build their property portfolio with a mix of both commercial and residential properties.
They received hundreds of queries from fellow Australians asking for help choosing the right properties for their own investment journey.
It was clear that for many looking to invest, there was a real need for guidance and advice in the property market.
Fast forward to 2019, Rethink Investing is the most well-known buyers agency in the country when it comes to high-yielding commercial and residential real estate.
The team has continued to grow and Rethink Investing has helped thousands of clients invest in high yielding properties all across Australia.
When it comes to investing in property and choosing a mentor or professional to guide you, reputation and past results mean everything.
This will give you the confidence to get the results you are promised.
Any properties recommended by Rethink Investing are the same Scott and Mina would personally buy.
If you have plans to invest in 2019/2020 or would like to talk about your strategy, contact firstname.lastname@example.org or call 1300 965 551.