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12826331 No.12826331 [Reply] [Original]

Why dont you own 4 properties yet anon? This 25 year old is out hustling while you party your savings away

>While his teenage peers focused on partying and the freedoms of adulthood, Mr D’Agata was determined to become a homeowner — the quicker, the better.

>He remained in his family’s home in Sydney’s Mascot to avoid paying rent while other teens moved out, and ruthlessly stripped back expenses wherever he could.

>In 2015, at the age of 21, his hard work paid off.

>He’d already squirrelled away a $55,000 deposit, so when he spotted a one-bedroom, one-bathroom apartment one street back from Maroubra beach for $450,000, he swooped.

>“I always knew property was something I wanted to get into but initially for me the vision was of buying that first property as early as I could,” he told news.com.au.

>Two years later in 2017 he visited his bank manager to discuss the possibility of a second loan, and he was stunned to learn he was able to borrow 100 per cent of the value of a new property.

>In July that year, he came across an off-market opportunity through a family friend, and ended up scoring a $350,000, two-bedroom home in Liverpool in a “nice spot” between the station and a shopping centre

>In March 2018 he followed it up with his first foray outside NSW, nabbing a one-bedroom, one-bathroom property in Southport in Queensland for $200,000.

>Just before Christmas last year, Mr D’Agata, now 25, bought his latest property — a one-bedroom unit in Rockdale in Sydney, which had passed in at auction due to lack of interest.

>He picked it up for $383,000 — about $120,000 less than another buyer paid for a near-identical flat in the floor above the year before.

>Today, his four-property portfolio is “floating somewhere between $1.7 and $1.75 million”, with a loan-to-value ratio of 74 per cent.

https://www.news.com.au/finance/real-estate/buying/sydney-man-reveals-key-to-buying-four-properties-in-just-four-years/news-story/f68798d118abd64ab15c29193bed7850

>> No.12826356

>>12826331
>a one-bedroom unit in Rockdale in Sydney, which had passed in at auction due to lack of interest.
>lack of interest.
>no bubble

>with a loan-to-value ratio of 74 per cent.
rip zoomer

>> No.12826357

>>12826331
>>He’d already squirrelled away a $55,000 deposit, so when he spotted a one-bedroom, one-bathroom apartment one street back from Maroubra beach for $450,000, he swooped.
What fucking bank is going to give you a mortgage with 12% down?
No wonder Australia's housing market is a fucking dumpster fire.

>> No.12826362

>>12826331

What race is that?

>> No.12826376

>>12826362
Aussie.

>> No.12826381

>>12826376

DELET

>> No.12826392
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12826392

>>12826381

>> No.12826400

>>12826357
Are you retarded? How about an FHA loan? 3.5% too much? Check your states down payment assistance, guaranteed there's a program that will loan you 5% of a homes value for 0% interest if you qualify for an FHA, and often times forgives the loan entirely after X years. NO ONE does 'Buy a fucking house' like America.

>> No.12826431

>>12826362
Half sand nigger half aussie

>> No.12826438

>>12826400
Im in Canada. We have 5 major banks and buying a house is a lot like waiting for an organ donor. My friend had 150k for a deposit on a 400k home, decent credit and still had to get his mom to co-sign. It insulates us from the type of crash that happened in US, 2008 but makes home ownership a fucking pipedream for average folk. You might think this would have a downward effect on housing prices here but we let so many fucking immigrants in each year housing and rent prices in the major cities are astronomical.
The bright side is once you own, it is very unlikely you will lose value on your investment as with US/Austrailia.

>> No.12826527

>>12826431
half aussie? half anglo? no way

he's full italian or med

>> No.12826536

aussies isn't your housing market primed to pop? so this is just a propaganda article right?

>> No.12826558

>>12826331

Article TLDR:

Deluded zoomer getting KIKE'D into overpriced houses right before the crash, inevitable suicide within 3 years when prices crash and he can no longer afford it.

He borrowed all the money. None of this is his.

>> No.12826716

>>12826558
lmfao imagine buying the very tippy top like this faggot

>> No.12826730

>>12826716
i dunno about the areas but all his properties were cheap af

>> No.12826776

>>12826362
>>12826376
>>12826431
>>12826527
D’Agata is obviously Italian and you cunts are fucking retarded for not being able to figure that out

>> No.12826818

>>12826776
this guy gets it.
italians just got bored of their zombie estate market and now are buying the top of other markets. like pottery

>> No.12826824

>>12826776
What are you on about? He's a fuckin wog mate.

>> No.12826839

>>12826730
Lmao no, why don’t you just shut up if you don’t know anything

>> No.12826845

>>12826824
southern italian. basically north african.
the differences in italy between the north and south are way more than north and south korea.

>> No.12826925

i guess the top is in

>> No.12826990

>Mr D’Agata said the “critical key” to his being able to pull off home ownership at such a young age — while he was earning an annual income of just $45,000 — was living at home, something he was “not ashamed to admit” he still did today.

/our guy/

>> No.12827090
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12827090

>>12826331
I thought that this article was made in 2016-18 and that you posted it for a laugh but
>Feburary 22, 2019
WEW lad

>> No.12827113

Let me explain a few thing here:
1. He is of Italian descent and his parents likely came to Australia in the 50s 60s as pseudo slaves. He is what is technically known as a wog.

2. At 75% lvr he will be under water by end of 2019 at the latest.

3. Canada is full of cucks.

4. GTJs

>> No.12827115

>>12826527
med is a kind of aussie.

>> No.12827121

>>12826818
Lmao are you fucking stupid. Australia is full of wogs, they aren't literally coming over from italy to buy our shit. They've lived here since the 50s

>> No.12827130

>buying IP's instead of stocks
lmaoing at your life zoomers

I have 350k trading capital and have made 30k since Jan 1st

>> No.12827394

>>12827121
an aussie who can't read data. why am i not surprised?
enjoy your dumpster fire