A cricket mate & sounding board
Already savvy with the ins-and-outs of property investment, Jason owned and lived in his apartment in Sydney’s West. He and Andrew Koleda (Ironfish North Sydney Strategist) had been playing cricket together for years, and regularly chatted about property and investing. Jason had realised that living in Sydney, and having the type of retirement where he could regularly go out with friends, still travel and enjoy his sport would be unlikely on his super alone.
“Kollas and I had known each other for a while, and we often spoke about property – he’s always been cluey about that sort of thing. I originally bought my property in Blacktown in 2009 and lived there for about 8 years, but I started thinking about what else I could do with my money. We were chatting and he brought up the idea to go down the route of investing. I’d already been thinking this was going to be my best bet to set myself up for retirement.”
Putting the wheels in motion
After that casual chat at cricket, Jason spoke more seriously to Andrew about his plans for retirement and his retirement goals. Jason knew he needed to grow his property portfolio faster to be able to continue to enjoy a similar lifestyle later down the line.
“Andrew sat me down and we talked a lot about my retirement. I want to retire at a certain age, and still be able to enjoy sport, going out with friends and travelling without having to scrimp and save. He showed me what I needed to do, and I came out of it very clear on what my strategy for investing in property would be.
“I really needed to get a 2nd place pretty quickly to build a portfolio to set myself up for retirement. I moved out of my unit and started renting it out to build a bit of equity behind it. That’s when I could refinance it to be able to buy the next investment.”