PHOTO: Sydneysider Jake Geary purchased multiple homes in Queensland. Picture: Tim Hunter Source: News Corp Australia
A Sydney technician who was once dismayed with his housing options on a tight budget now owns four homes thanks to a clever buying strategy that demanded little savings.
A Lane Cove resident who once doubted his chances of scaling the property ladder has revealed a “change in thinking” allowed him to purchase four homes with savings of less than $50,000.
Technician Jake Geary said he was initially considering purchasing a home in Sydney but was dismayed with his options and decided to purchase investment properties in Queensland instead.
The trick to securing these investments was structuring his finances so he could fund each new purchase with equity from his last investment, he said.
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