You know when you find that thing in life that you are good at and you focus a big part of your life doing it, obsessing over it and then working out a way of making it the main thing you do, well Real Estate is that for me and now primarily Holiday Houses.
I love finding great spaces that I know people will love gathering their family and friends in and setting them up so that it works for a wide range of people. I changed over from long term rental properties around ten years ago, I had ten of them between Cairns, Melbourne and New Zealand.
I sold them all except for a few in New Zealand and started purchasing properties that would work well as Holiday lets. I have three big properties that I own or co own with an investor, all are very successful and returning between 15 to 30%.
I purchase properties based on a financial formula and a Holiday let formula that I have created over the years. If everything matches up, we do what we can to purchase them, sometimes this means taking on investors. It’s not easy getting money from banks so we have found taking on investors is a great way to help achieve our goals.
The formula I use works in any state or country. If you get the right property, in the right location, in the right configuration they can do incredibly well. When you add the financial formula to the equation, you can have a very lucrative business that can be run from home and its really fun to do!