Nurse Buys FOUR Investment Properties in ONE YEAR! Her EXACT Suburbs Revealed for First Time! 😮
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- Опубликовано: 29 июн 2024
- ❤️ Congratulations to Dawn Fouhy who has bought FOUR Investment Properties In ONE Year!
⚕️ Can you build a large portfolio on a Nurse's income? YES YOU CAN
In this episode we discuss:
👉 HOW she overcame the CHALLENGES she faced as a female investor
👉 HOW she confronted her biggest FEARS in property investing
👉 WHY she started investing rather than just stay within her "COMFORT ZONE"
👉 WHERE she bought her four properties and her thoughts on real estate LOCATIONS across Australia
👉 HOW INTEREST RATE rises have affected her property portfolio
💰 Dawn is super gracious with her time - I think every potential or experienced investor will become inspired, rejuvenated and excited by listening to her story!
0:00 - Introduction
1:21 - Why did Dawn choose property investing?
2:58 - Dawn talks about her nursing experience
4:17 - How did Dawn start property investing?
8:46 - Why did Dawn buy her first property in Perth?
11:36 - Problems of being a female investor
13:17 - Dawn talks about her second property
14:37 - How supportive was Dawn’s partner?
15:32 - Dawn bought her second property in Perth
17:17 - Dawn talks about her third property in Bargara
18:50 - What gave Dawn confidence in property investing?
22:50 - Dawn was scared about buying in North Queensland.
26:23 - Overall growth about all the 4 properties
28:37 - How Dawn manages the raising interest rates
32:05 - Did Dawn change her lifestyle after investing?
34:00 - What are Dawn’s future goals?
39:15 - Conclusion
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For years I struggled with outstanding debts, bills and my children's school fees. I am a nurse earning $6000 monthly. However I am starting travel nursing towards the end of summer. I was at a point where I wanted to give up. I came across every RUclips channel about how to make and multiply your income through passive income. Fortunately, I had saved some money and decided to start an investment, Now I have bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that doesn’t believe in investing..
How possible please?
@@paigehuston2060 investing requires higher knowledge. I invest across the top markets but not by myself tho. i follow the guidelines of Alexandra Diana Jose. you might have heard of her.. I can correctly say she’s worth her salt as a investment advisor as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 30 to 5O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what her place and not just on some particular industries of my choosing. .
@@stephaniejose5565 That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?
@@paigehuston2060 Look her up on the internet and leave her a message just like I did. She's quite popular for her services as she was recently featured on cnn.
@@stephaniejose5565 I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Alexandra Diana Jose and see what she can advise .Thanks a lot . This was of so much help to me .
Great content as always PK. Thanks. Well done. Dawn. Amazing journey. Congratulations on your portfolio. You spoke really well. Your mindset and determination is on point!
Great sharing thank you Dawn. My question is how do you get borrowing capacity when you have home loan? I have great equity from my 3 investment properties bought many years ago but since I have a home loan, bank has no doors open for me to borrow more in order to buy another investment property....
She is a buyers agent and probably get big income from her business. This is what they don’t say.
She is a nurse but her buyers agent income must be a reason her borrowing capacity is big.
Great content Dawn and PK. It’s all about the mindset! Dawn - truly inspiring and hope we get more tips/pearls from you
Cheers!
Great content PK, I think a missing piece in most videos is how people afford those repayments. With current rates, her rental income wouldn’t cover everything with a 90% lvr. Keen to hear how
It is, cause rents are up 30-40%
If we take a $480k property + settlement costs in a $460k loan, the repayments on that would be about $2700 month - $550 weekly rent, she would be short $500 a month. If you add that up to 4 properties 🤔
I am really keen, but this is always the missing piece of the puzzle.
@@mausvj the yield is much higher than than now..
Rentvesting, even in this climate? A solid and sound episode. Thanks for your sharing, Dawn. Aspect of your story are relatable.
34:33 “A goal without a plan is just a wish.” - Antoine de Saint-Exupéry
Hi PK, it is now hard to buy a property in Perth Surrounds, whether on the South, North, West, North-East, as there is extremely very strong demand, pushing price offers too high above the estimated Core Logic property valuation... We were looking at the Core Logic Mapping, and see the suburbs that were still affordable at the time. But people are just offering way above :( Thanks.
Just have to know the right people and places and markets to buy in Perth
I went to see four rentals on one day cheapest $620 per week for 2 bedroom. Inner suburbs but not worth the buck. Decided I would buy but looking at what houses are available I hope the next two months there are better options. Im fortunate that I earn a great income and can go back home for a little bit. Others who have no option to rent its bad
Yes, it's hard to purchase the properties, the price gone up, it's hard to find a low price
Love it Dawn smashing it out!
Totally!
Great story, mindset and purpose - thanks for sharing Dawn
Thanks so much
@@dawnfouhycan you please let me know who is your mortgage broker.
I bought my 1st property 19 years ago in Western Australia in waikiki were move from rental property sydney to our own home in w.a. we
sold it 2 years later for big profit then bought another house in warnbro to live in for less mortgage then decided to buy investment properties 10 years ago 2 in warnbro and 2 in Portkennedy. recently just sold my 2 investment properties in warnbro for profit and pay off my mortgage where I live in now but still have 2 investment properties in Portkennedy. And I'm only a supermarkets workers with one income.
Wow that’s phenomenal
Would you recommend Golden Bay? And do you have a property manager you recommend?
@Luke Dewar yes I'm looking my self to buy my dream home 2 storey home one day around that area close to the water my preferences are from rockingham safety Bay secret harbour singleton golden bay all the way to mandurah area .I'm been living here now for 20 years love where we live
are sorrounded by beautiful beaches beautiful weather all year around. But always do some searching to pick the neighbouring areas or streets
I have property manager for 10 years but not reccomend them as the property manager recently who manage my property not doing their job that's why end up selling my 2 investment properties but they were the cheapest rate in the Area as I have 4 investment properties they given me 7percent for a start now I think 9 percent management fees monthly .normally 12 to 13 percent management fee monthly to each property in a different agent
I am looking around Waikiki, Warner, Baldivis, Port Kennedy,. They look good area, how to choose good street, everything looks good street?
Very Impressive - just curious how a nurse in her 20s accumulated 250k plus in deposits.Would appreciate any tips in order to emulate this achievement!
She bought two properties. One 10 yrs ago.
Great work Dawn 😊. So inspiring.
Thanks for watching! Dawns great hey!
Thank you very kind
Very inspiring!
Indeed! 😁
👋 love the content guys, also a nurse here in sydney hoping to be on the property investment soon!❤
Well done on even getting started 💪🏽
Thanks so much!
This was a good watch and I am learning just listening and understanding the thought process.
26:41 Excuse me, 80% deposit and 90% deposit?
I think refers to loan
So question related to borrowing , did the banks have any set back on the loans or were they ok with giving u one loan after the other since all ur prop were cash flow positive ???
When thinking about inspection interstate, what was the process u followed, how did u find which PM to ask for the same? Also how much did u pay them?
What were ur data sources ? Any websites or anything?
F
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Hello!! No issue with the banks or finance. All were cash flow positive, prior to current rate rises 🎉
As a Mortgage Broker, the only time there would be a potential setback is if you max out your borrowing capacity, which is about 6-7 times your gross income, including rent. This is called DTI(debt to income) ratio
Let's say with your first investment property, your debt to income ratio increases to 2.5 and with your 2nd investment to 5. There wouldn't be issues with most lenders. Hope that helps.
@@dawnfouhy thanks 🙏, could u please answer the 2nd and the 3rd question ❓ it would be of great help
Inspiring...
What were the suburbs?
Port Kennedy, Secret Harbor, Bargara, Kirwan
Ok content but perhaps a suggestion focus on key elements of buying a property. Such as pop-up deal and serviceability etc
Check out a whole video on serviceability done a few weeks ago, it could revolutionise your investing
Uppah Dawn!!!
Appreciate the information & experience shared. I won't lie it does sound risky, but I've never been right about property in Australia. It's always sounded/seemed overpriced 🙂. Definitely been proven wrong over my life, so far.
Only risk in life is not taking any and following the herd. 🚀
@@dawnfouhy
Some risks are fine
Not always though
Does nurses have LMI? Or they're exempted?
Paying LMI doesn’t bother me, long term vision. Some banks wave LMI for nurses yes. Most of our deposits were 12% and 20%
@@dawnfouhy why not waive lmi to use it for further leverage? I know not all lenders but to those lenders that waive, do they waive it to all the properties nurses buy or theres a limit? Im not a nurse but I would waive lmi as much as possible
Lmi waived for investment properties too
Special rates too for some professionals. Medical, accountants, lawyers. Too poor 😂
@@dawnfouhywatching this 4+ months after upload, has the buyers agency started up?
420k that’s a good price compare rest of the state in Aus! Rent price would cover most interest, smart girl. More population growth next ten years, where is everyone gonna live?
Right!! So much opportunity in diff markets around Aus
When did she buy these properties ?
All in 2022 🎉 onto number 6 this year
@@dawnfouhy So those interest rates would hit her hard with a drop in property value.........
Properties continue growing everyday, despite the interest rates.
interest rates don’t bother me, property is a long term wealth creation strategy. Lots of different cycles of rates to come over the next few decades.
@dawn fouhy
Another covid ?
Nuclear war ?
Worldwide recession?
Never assume. But if the risks pay off for you then good luck, if not then....
Great work pk, and well done dawn
Please send me info on the course please pk
Leverage is fun until its not.
Very true. We should be educated to know when, where and how to use it.
As long as you have appropriate cash buffers, the right education, leverage is the most powerful wealth creation tool 🚀💸
Leverage is how many of the rich got rich! Use it to your ability, intently and smartly can get you very far.
You’re too worried about being PC and mentioning about men and women. No need for that. Relax and please stick to your good advices regardless of gender, race or whatever else.