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When Barry and Marilyn Atkins arrived in Perth from South Africa fifteen years ago, they did not believe that today they would own 13 properties valued at more than $4 million with a net value of over $1.5 million, after mortgages are taken into account. Barry and Marilyn are one of the 116 couples in Western Australia who are members of The Investors Club that, to date, have net equity in residential property worth more than $1 million. Becoming property millionaires will enable Barry and Marilyn to retire in a couple of year’s time with an annual tax-free income in excess of $100,000.
Barry says that he and Marilyn have always been interested in property investment and had bought properties in England and Spain with varying degrees of success but it was only in 1996, after meeting Kevin Young, Chairman of The Investors Club, that they became interested in property investment in Australia.
“For several years, I worked as a travel agent and Marilyn as a teacher and, like most people, were relying on superannuation to fund our retirement. However, we began to realise that, despite our best efforts, superannuation and personal savings would never allow us to retire comfortably.
“When I met Kevin Young, he explained how The Investors Club, which he’d started in Brisbane in 1994, could assist us to use the equity in our owner-occupied home to purchase a number of investment properties that would help us create substantial wealth for our retirement.
“Our first investment property through The Investors Club was a one bedroom unit in South Brisbane overlooking the river for $140,000. This purchase enabled me and Marilyn to get a tax refund of $6,000 within weeks and we were hooked on property investment!
“The Investors Club offers a multiplicity of free or reduced-rate services and has already assisted more than 1000 people throughout Australia to become property millionaires.
“The Investors Club is run by its members for the benefit of it members with all of the key services provided for free. Club members work together to share information which assists in buying and financing properties that have been carefully selected for rental and capital growth.
“Our Club has a large number of researchers who identify the best opportunities in the property market throughout Australia for the benefit of our members. We have been so successful because we represent the interests of property investors and not the sellers, who are represented by real estate agents.
“Our services are funded by builders and developers with whom the Club deals direct and our collective buying power enables Club members to buy properties at better-than-market prices.
“The Investors Club is now becoming a major force in the real estate industry in Australia with the Club already accounting for over 20% of the sale of properties in our key markets of Australia,” he said.
on behalf of
Barry & Marilyn Atkins
Branch Managers, WA
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