Terry Lollback had a bumpy start to his investing journey in 2011, when he bought his first property off the plan in the Philippines. He faced delays in construction and red tape, but the investment did eventually pay off big time.
He would go on to make more successful deals, and now boasts a multimillion-dollar property portfolio across three states.
“Property investment has now allowed me to create multiple streams of available cash flow. It is a terrific feeling to know that regardless of what might happen in your professional life, all your bills, loans, etc. are covered by returns from well performing assets.”
During his property journey, Terry has wound up owning his childhood home north of Brisbane when he purchased it from family.
His earnings from property have also enabled him to extensively renovate his PPOR.
He adds that he has continually found ways to raise the value of his properties, and they have helped him to pursue his life goals and hobbies alongside his wife Mae.
“My wife and I travel overseas a number of times a year. I’m also a martial artist, and the profits from property investment have made it easier for me to collect original historical manuals and books on the subject,” he shares.
“I have over 2,000, with some materials that are over 300 years old. It’s an expensive hobby, but one that I do enjoy more now!”
At a glance:
Best negotiation: A recent purchase in NSW that was 37% off the market value and generated 14% rental yield
Diverse portfolio: Terry owns eight properties across NSW, Queensland and SA ranging from residential rental properties, residential land and commercial sized land, plus another property in the Philippines
Proudest property win: Having a low-ball offer accepted on 200 acres of land one hour from the Adelaide CBD – which Terry soon discovered could be split into acreage lots and sold off.
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