Single mum with 15 homes shares her secrets to building a property empire – and says it can be done while earning less than $90,000 a year
Single mom with 15 homes shares her secrets to building a real estate empire – and says she can do it while making less than $90,000 a year
- Single mother has built fifteen properties in five years
- Anissa Cavallo is the founder of Eda Property Group
- She helps other women invest money in property
A single mom who bought 15 properties in five years has shared her secrets to building a real estate empire while making less than $90,000 a year.
Anissa Cavallo, the founder of Eda Property Group, said Australians who simply have a job or are willing to get one already qualify for the property market.
The mother-of-two now owns a portfolio of 15 homes and plots of land across Victoria, despite “losing everything” in a 2018 divorce.
Ms. Cavallo says people with incomes of $90,000 a year or less can still buy investment properties, having done so themselves while earning $50,000 a year.
“Not everyone is able to buy 15 to 20 properties, but if you are willing to get a job, you can have one or two,” she told the newspaper. Herald Sun.
A Melbourne mom who has amassed up to 15 properties has shared her secrets to building a real estate empire while making less than $90,000 a year
Mrs Cavallo bought her first apartment in St Kilda, a Melbourne coastal suburb, before moving into a second investment property with her brother.
She said that despite losing both properties after her divorce, she remained committed to expanding her real estate portfolio.
In 2018, while living with her parents with her two children, Ms. Cavallo purchased a “really well-priced” property in the Victoria regions.
After she started earning more than $90,000 a year, she sought advice from a real estate advisory group, but couldn’t find one that suited her.
Her fifteen properties cost her between $300,000 and $750,000.
Ms. Cavallo was inspired to start her own firm that offers clients tailored advice for those who want to “build wealth through real estate investments.”
The real estate guru advises its clients with less than $90,000 a year that buying an investment property could actually cost less than living in their rental home.
She says the cost of an investment property can sometimes be covered by rental income and tax breaks in a strategy she calls “rent-vesting.”
Anissa Cavallo, the founder of Eda Property Group, said Australians who simply have a job or are willing to get one already qualify for the property market
The founder of the real estate consultancy is passionate about helping her clients, namely single women, achieve their real estate goals and find safe housing
When choosing a place to buy, first-time homeowners should consider how quickly the area is expanding and how quickly their assets are growing, Ms. Cavallo advises.
She says that homes with a land component tend to be better investments than townhouses and apartments in smaller blocks.
The mother of two is passionate about helping her clients, namely single women, achieve their real estate goals and find safe housing.
Ms. Cavallo recommends that her clients invest their money in cheaper new construction projects in suburbs or rural towns.
“I have been rebuilt to where I was before. I have fifteen properties, I have other investments,” she told 7News in July.
“I can show them what to do practically and I tell women all you need is a job or the willingness to get one.”
So far this year, Ms. Cavallo has helped twenty women buy investment homes.