5 minutes with Tim Weger – 30-year-old entrepreneur, investor and property owner

5 minutes with Tim Weger – 30-year-old entrepreneur, investor and property owner

Property investment case study.

When it comes to investing in property not many 30 year olds have a story as inspiring as Tim.

Tim grew up with a single mum on a single income. Determined not to re-live his past Tim bought his first investment with his mum at age 18 to ensure his mum would live rent and debt free in her retirement.

This property not only allowed Tim’s mum to become financially secure in her retirement but also tripled in value since 2001.

Tim bought a second investment property for his grandpa in 2003, before buying his own home with his wife in 2005.

After 4 years in his own home Tim and his wife bought their 4th investment property. A year ago Tim and his wife bought a new family home to cater for their growing family and converted their first family home into an investment property

What attracted you to property investing?

The attraction for me was in achieving financial freedom. I knew this would never happen on a single salary.

I have always believed in working because I want to, not because I have to.

When I started to look at historical capital growth data, I realised the trend was up. In my 12 years of property investing, I’ve enjoyed this growth, which allowed me to go on and purchase additional properties.

How do you manage to keep your business, family and property lives in balance?

I still feel like I am constantly letting someone or something down. At the moment it’s tending to my property portfolio as I have a newborn daughter. There always seems like there is so much to do and so little time.

My biggest tip on maintaining balance is to take time for reflection. Sometimes we get so caught up in what needs to be done, that we forget to reflect on what has been done.

When I sit back after a year and review our capital growth, how much we’ve paid off the mortgage, what the kids have achieved or memories from a family holiday, suddenly the time and effort we’re putting in seems less like a chore and more like the inspiration we need to keep going and edging closer to achieving financial freedom.

More success stories…

What are some of the key lessons you’ve learnt?

  • It’s about time in the market, not timing the market.
  • Negative gearing has its place but isn’t the holy grail of property investing like so many suggest.
  • Set realistic goals and hold yourself accountable.
  • It’s important to reward yourself to stay focussed.
  • Find a really good financial partner.

Structure is everything, especially when you’re looking at the longer term.
Getting a no from a lender is not the end of the world. It just forces you to be a little more ‘creative’.

What’s your current investment strategy?

My strategy is to invest in positively geared properties and to re-invest the additional income into new properties.

My family and I now have a good income, which means the additional investment income is better put towards growing our asset base than spending on things we really don’t need.

I will also be using my yearly tax return as a deposit for future purchases.

What is your long-term goal?

My goal is to achieve financial freedom by age 45 and for my wife and I to travel the world in style once my youngest girl finishes high school.

To do this we will need 20 positively geared properties. As I only own two positively geared properties at present (the other 2 are negatively geared/principal place of residence), I best get moving!

More success stories…

Ben Everingham


Ben founded Pumped On Property after building a multi-million dollar property portfolio over a 5 year period. His mission is to show you how to replace your income through property investing so you can do what you love…full time.