How 27yo Woolies casual owns 5 homes

Douglas Lazickirk, from NSW’s Central Coast, managed to travel the world and also become a multi-property owner before his 28th birthday.“I have purchased two properties in the past three months and I’m a casual employee.”

From his first property, he was able to leverage his way to his second all the way to his fifth home, which he settled last week. “So I went full-time there, worked full-time for 10 weeks, got over the line to [get a loan to] buy the house, then went casual again.” “I tried to get a loan on my own, tried every avenue possible, every bank, every broker,” he said. “My first property had doubled in two years but still no one would give me a loan.”His sister used the first homebuyer’s grant to nab a two-bedroom, one-bathroom house with a granny flat out the back in the Central Coast suburb of Tumbi Umbi.

He says he has been to 132 different countries including more unusual places like Svalbard in Norway, São Tomé in Africa, East Timor, Kazakhstan, Zimbabwe, Kenya and Lebanon — all while buying multiple properties back home.As a result, when borders slammed shut, Mr Lazickirk raced back to Australia from Africa. Unable to go jetsetting around the world, he really knuckled down with working and saving.

Not all appears as roses 🌹 don’t be fooled , others are paying for the lifestyle of negative gearing

How is this a good thing?

But.....he's in debt up to his eyeballs!

Inflation and interest rates could be a problem here. Value on paper is just that.

Big difference in buying vs owning

A NSW man, his dad and his sister have managed to buy $1.5 million worth of property while he travelled to 132 countries working casually at the local grocery store and living in dad's garage. There, fixed that for ya!

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