When it comes to investment to lifestyle balance not many investors have it as well locked down as Kieran Snelson.
Not only did Kieran buy 4 properties before he was 26, he also traveled the world with his friends, built a great career and lived his life on his own terms.
Unfortunately too many of us have a belief that we need to either travel and have a good time or knuckle down and invest. This is complete bullshit. Its doesn’t have to be one or the other, you can do both.
I hope property investment case study (Kierans story) inspires you to travel the world, live it up with your friends and get ahead in the property game, all at the same time.
Introducing Kieran Snelson.
Where did you grow up?
I grew up in the Sutherland Shire, on the South side of Sydney.
Where have you travelled overseas?
After purchasing my 1st investment property when I was 19, I headed straight over to the UK where I lived, worked and did some incredible trips.
Since then I have travelled to Bali, Thailand, Italy, Malta, Croatia, England, Holland, Bulgaria, Turkey, Greece, Germany, France, Spain, Albania, Dubai, Sri Lanka and a heap of other countries.
How many properties do you own?
I own 4 properties.
How much did you buy these properties for and what are they worth now?
- Caringbah NSW
- 3 bedroom townhouse
- Purchased for $521,000 in 2008
- Currently worth $730,000 in 2014
- Mackay QLD
- 3 bedroom townhouse
- Purchased for $365,000 in 2014
- Has not been re-valued yet
- Birtinya QLD
- Purchased for $226,000 in 2014
- Currently worth $242,000+ in 2014
- Mermaid Beach QLD
- 3 bedroom unit
- Purchased for $326,000 in 2014
- Currently worth $360,000+ in 2014
What have you learnt as an investor?
The most important thing I have learnt over the last 6 years is to establish a first class team of mortgage brokers, accountants, solicitors and buyers agents who work as hard for you as you work for yourself. It’s important to build the right team before you even start looking at property.
I also think it’s important to remain unemotional when making decisions. Keep focused on the numbers, location and growth.
Do you have any tips for first time investors?
Find someone with great knowledge of the property market. Make sure you can trust them and they have your best interests at heart.
Learn from other peoples mistakes. There are so many investors with so much experience out there, which means you don’t have to make the mistakes yourself.
A great starting point would be to read Hellen Collier-Kogtevs book 47 Biggest Mistakes Made by Property Investors and How to Avoid Them.
Make use of the first home owner’s grants available in your respective state. They can help get into the market sooner by providing you with a lump sum payment and a stamp duty concession.
I want to keep investing in property as I feel the more experience I have the more progress I’m making.
I’m passionate about investing and would love to continue to help other investors through the process.