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Neville and Karen were typical of many Australians; paying off their own home, working full-time on a modest income with little in the way of assets behind them as the spectre of retirement loomed. Between them, Neville and Karen had dreamed of owning a single investment property as a part solution to their quandary.
After attending an Investors Club workshop in Perth in 2001 Neville and Karen appreciated the lifestyle choices residential real estate would give them – and a sleepless night was ‘enjoyed’.
After some soul searching and questioning of Club personnel they recognised that The Investors Club would provide them with all of the ongoing support and care they would require in order for them to achieve their financial independence.
Neville and Karen’s concerns ‘went out the window’ because the Club had Researchers who identified the best areas to invest in, could recommend mortgage professionals to set up their loans correctly and also a leasing coordinator to assist with tenant placement on an ongoing basis. The final straw for Neville and Karen was the peace of mind they gained by knowing that their Support Member was also an experienced property investor too.
Since then, Neville and Karen have continued to follow the Club’s plan and have accumulated four investment properties. This and the growth in their own home see Neville and Karen now sitting on equity of nearly $900,000.
| Property |
Purchased |
Cost |
Value |
| Gosnells |
1984 |
$54,750 |
$550,000 |
| Arundel |
2001 |
$118,000 |
$270,000 |
| Rockingham |
2003 |
$115,000 |
$270,000 |
| Cairns |
2006 |
$200,000 |
$235,000 |
| Wavell Heights |
2006 |
$350,000 |
$350,000 |
Neville and Karen have actively promoted The Investors Club to their friends and have even used some their equity to help their sons, Steven, Gavin and Trevor start their own investment journey. Collectively the three sons now have equity of approximately $300,000.
on behalf of
Neville and Karen Barnes
Club Members, WA
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