Eddie Dilleen - 30 Properties Before 30

1 COVER

2 TITLE PAGE 30 PROPERTIES BEFORE 30 HOW YOU CAN START INVESTING IN PROPERTY RIGHT NOW EDDIE DILLEEN

3 COPYRIGHT First published in 2022 by John Wiley & Sons Australia, Ltd 42 McDougall St, Milton Qld 4064 Office also in Melbourne © John Wiley & Sons Australia, Ltd 2022 The moral rights of the author have been asserted. ISBN: 978-0-730-39989-6 All rights reserved. Except as permitted under the Australian Copyright Act 1968 (for example, a fair dealing for the purposes of study, research, criticism or review), no part of this book may be reproduced, stored in a retrieval system, communicated or transmitted in any form or by any means without prior written permission. All inquiries should be made to the publisher at the address above. Cover design by Wiley Cover and internal image © Jandrie Lombard/Shutterstock Disclaimer The material in this publication is of the nature of general comment only, and does not represent professional advice. It is not intended to provide specific guidance for particular circumstances and it should not be relied on as the basis for any decision to take action or not take action on any matter which it covers. Readers should obtain professional advice where appropriate, before making any such decision. To the maximum extent permitted by law, the author and publisher disclaim all responsibility and liability to any person, arising directly or indirectly from any person taking or not taking action based on the information in this publication.

4 DEDICATION This book is dedicated to my mother,Elizabeth Dilleen. Without her I would not havegrown into the man I am today .

5 INTRODUCTION

6 PART I: MY STORY CHAPTER 1: Breaking the cycle Hard times Growing up fast My first jobs CHAPTER 2: Purchasing my first property Due diligence Playing catch-up CHAPTER 3: My second property Getting real The search Growth vs cash flow Negative gearing CHAPTER 4: The buying spree Property #3 Property #4 The side hustle Property #5 The struggle for #6 CHAPTER 5: Achieving my property dreams Career and lifestyle choices Property #7 Property #8 Property #9 Mentoring others Property #10 Founding Dilleen Property

7 PART II: INVESTMENT STRATEGIES CHAPTER 6: Property vs stocks The pros of investing in real estate The cons of investing in property CHAPTER 7: Other real estate strategies Flipping houses Build new Buy, subdivide and sell for a profit Granny flats Wrapping properties Commercial real estate CHAPTER 8: My property strategy Buy for capital growth, cash flow positive and under market value Compound growth A perfect fit: another great property example

8 PART III: YOUR INVESTMENT JOURNEY CHAPTER 9: Your goals Understanding property investing What is your end goal? What is your why? Where are you starting from? How many properties do you need to build a passive income stream to live off? But how do I get started? Is it best to buy a place to live in or to rentvest? Property investing as a partnership / joint venture CHAPTER 10: Understanding finance Broker or bank? Mortgage options Valuations Your credit file Structuring your portfolio Negative gearing The truth about financial advisers Monitoring your portfolio CHAPTER 11: The deposit Option 1: Personal loan Option 2: Guarantor loan Option 3: Using equity from a property you already own Choosing the deposit My tips for saving for a deposit Delayed gratification Self-managed super fund (SMSF) CHAPTER 12: How to find a property City vs regional areas Why I love metro properties An awesome example! Do your research Timing How to use the property clock Factors that affect property value Investment potential A distressed sale How a property gets listed Finding off-market properties Using a buyer's agent Buying my first home: a recent Sydney example CHAPTER 13: How to buy a property Your conveyancer The offer process Negotiating a better price Another great example from 2020 CHAPTER 14: How to manage your properties Property managers Loan interest

9 CONCLUSION Where I'm at now

10 INDEX

11 END USER LICENSE AGREEMENT

1 Chapter 3Table 3.1: cash flow figures for property #2Table 3.2: calculations for property #2

2 Chapter 4Table 4.1: calculations for property #3Table 4.2: calculations for property #4Table 4.3: calculations for property #5Table 4.4: calculations for property #6

3 Chapter 5Table 5.1: estimated expenses for property #7Table 5.2: calculations for property #8Table 5.3: calculations for property #9Table 5.4: calculations for property #10

4 Chapter 8Table 8.1: calculations for a duplex property bought in 2020

5 Chapter 11Table 11.1: calculations for the second duplex I bought in 2020Table 11.2: calculations for my first SMSF property purchase in 2017Table 11.3: calculations for James's propertyTable 11.4: calculations for Alex and Danielle's Brisbane townhouse

6 Chapter 12Table 12.1: calculations for the 2020 house and granny flat purchaseTable 12.2: calculations for Pete and Laura's first propertyTable 12.3: calculations for Nathan's propertyTable 12.4: Nathan's figures after two yearsTable 12.5: calculations for Naomi and Jen's propertyTable 12.6: calculations for our first home

7 Chapter 13Table 13.1: calculations for a 2020 lowset townhouse purchase

1 Chapter 6Figure 6.1: investing in a self-managed super fund without using leverage Figure 6.2: using leverage to an investor's (huge!) advantage

2 Chapter 8Figure 8.1: the power of compound interestFigure 8.2: property price increases between 1993 and 2018Figure 8.3: the power of compound growth and leverage over timeFigure 8.4: The power of owning and holding a property portfolioFigure 8.5: how investors create wealth over time

3 Chapter 12Figure 12.1: the property clock

1 Cover Page

2 Table of Contents

3 Title Page

4 Copyright

5 Dedication

6 Introduction

7 Begin Reading

8 Conclusion

9 Index

10 End User License Agreement

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