Article supplied by Crawford Realty
Minesite electrician to millionaire in less than four years
You might be familiar with the name George Baramily.
This time last year he was about to enter the Big Brother house where he would later be discovered
by his housemates as the ‘secret millionaire’.
But in 2009 George was earning just $30,000 a year as an apprentice electrician with a large mining company in Newman.
How did he get from being a minesite electrician to a millionaire, who no longer needs to work, in less than four years? It wasn’t by winning Lotto. He discovered the power of investing in positively geared property.
"I was earning $30,000 a year, and I knew I wanted to retire as soon as possible through property investment," George said.
With education, strategy planning and expert guidance from Crawford Property Group (CPG), the specialists in positively geared property investment, George bought his first positive property in Newman in 2010. The property immediately began earning him almost $2,000 a week in rental income - cash that went straight into George’s pocket.
With the ongoing support of CPG, George continued to develop his portfolio over the next two years. During this time, the value of his properties increased by up to 170% amassing him a net fortune of more than $3 million, while generating George a passive income of more than $6,000 a week!
George is now financially secure and able to provide for his family - while enjoying the lifestyle he had always dreamed of.
"The income from positively geared properties has given me the ability to financially help my family as well as the freedom to travel. If I had never invested in property, I would still be a hard working electrician trying to put food on the table and a roof over my head,” he said.
“I am very appreciative of the support CPG gave me while assisting me on my journey to become a property millionaire.”
CPG offers free one-to-one strategy sessions for those seeking a path to financial security or looking to build on existing investments. The sessions, offered over the phone or in person, will assess your financial situation, create a customised plan for multiple property purchasing and provide access to the best property investment options.
The above information is supplied by Crawford Realty.
Disclaimer: while due care is taken, the viewpoints expressed by contributors or sponsors do not necessarily reflect the opinions of Your Investment Property.
Do you have more than $200k in your super fund? You could use your super to buy property - Find out how
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out