And why with Australia’s extreme debt-to-income levels, it’s never been riskier to invest in negatively geared property.
In any case, negative gearing wasn’t going to help Olga solve her problem.
So I showed her another strategy.
And the minute she heard of it, she said… “that’s me.”
She could see, step-by-step how she could create the income and serviceability she needed to replace her income and move to new and different types of projects.
To her, it was the perfect start…
But she was so scared as she had never even rented a property in Australia and didn’t know how the whole process worked.
Still, she soldiered on…
The first property cost her about $15,500, and she is now enjoying positive cash flow of about $1000 a month.
But she didn’t stop there.
She had a mission to replace her engineering income…
And after investing in just 3 properties over 8 month period, by the end of this year she will almost be there.
According to Olga, the positive cashflow gives her two things: the freedom to travel, and most importantly, time with her family.