Chris Moscher is the type of guy you knew growing up.
You know that one that was modest, likeable and would do anything for anyone.
As a 31 year old property investor Chris owns two very successful G.J. Gardner Homes franchisees, has a beautiful family and a growing property portfolio.
1. How many properties do you own? How much did you buy them for? How much are they worth now?
I currently own 2 houses, 1 block of land and a 50% share in another block of land.
Property 1: (Principal Place of Residence)
Purchase Price: $465,000
Current Value: $850,000 – $1,000,000
Property 2: (Investment Property)
Purchase Price: $365,000
Current Value: $580,000 – $650,000
Next Investment Property (Land Purchased)
Purchase Price: $101,250
Looking to build and hold this property. (Building to start before September 2014)
Joint Venture Investment (Land Purchase)
Purchase Price: $90,000
Current Value: $125,000
Looking to build and sell this property.
2. What’s your personal investment strategy?
- Always looking for the next opportunity to build a property and build equity.
- To have as much equity in my principle residence as possible, and to use this equity to fund new properties.
- I aim to own my principle residence in the next 5 years.
- To build and hold properties.
- Aim to build and sell as a joint venture, to increase cash flow.
3. What are your plans in the future?
- To have as much equity in my principle place of residence as possible, and to also have this paid off in the next 5 years.
- I would like to start to build and hold properties for here on inn.
- Aim to build and sell 5 to 8 joint venture House & Land Package’s Per year from 2015 forward.
- To build and hold 10 investment properties within the next 10 years.
4. How did you get into property investing, building and property development?
I have always had an eye for building and property development; however it has taken me 10 years to be in a position to have a real crack.
Throughout my 20’s I worked hard to get myself into a position to do what I do now.
Although I still work my arse off now, I really enjoy what I do, the people I work with and the opportunities it creates.
From a work perspective I started my carpentry apprenticeship at 14, then went on to complete a degree and post graduate degree. After my degree I worked as a teacher for 3 years, before buying into the Albury G.J. Gardner Homes Franchise. I am now the majority share holder in this business and recently purchased the G.J. Gardner Homes Wagga franchise.
5. What do you know now that you wish you new sooner?
- How important it is to have good people around you, that push you and thrive on your personal success.
- The importance of a good broker and financial planner, despite the fact I still go against my planner’s advice at times.
- Learnt how to ask the tough questions. The worst thing they can say is no.
- I am massive on family and time with family. I recently brought a wake boarding boat, despite my financial planners advice, which has been the best investment in my family I have ever made.
6. If you were starting again what advice would you have for yourself?
- I’ve made many mistakes in the past and I’m sure I’ll make more in the future. This said I still believe that your gut always knows the best opportunities.
- I would have bought and held land earlier. When I was 16 I wanted to buy a block around our local lake which was going for around 30K, the land value of blocks in this particular area is now around 350K.
- I recently bought and sold 5 blocks of land for $75,000, which were valued at $115,000. Looking back I wish I had built and held them myself. Opportunities like these are rare and I will never make that mistake again if it comes up.
- Be carful who you take advice from and ask if the advice is in your best interest? Unfortunately many people just don’t want to see other people succeed.
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Chris is a licensed builder and a owns multiple G.J. Gardner Homes franchisees. Chris has more than 15 years experience as builder and focuses on helping families and investors build their dreams..
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