Seven top tips from a property rock star
Starting with nothing, Matt Thorburn has built up a property portfolio worth $6 million plus over the last five years – and now he is keen to share his know-how with fellow investors.
Tuesday, July 7th 2015, 12:00AM
by The Landlord
Property rock star Matt Thorburn
If you were one of Matt Thorburn’s parents, you probably would have been a bit worried about him when he was 21.
He was working for the minimum wage in a warehouse, hoping his band would hit it big and had just found out he was going to be a father.
Matt is now 37 and his parents are, no doubt, feeling a bit more relaxed.
Over the last five years, he has built up a property portfolio worth over $6 million with a loan-to-value of around 50% and owns a lovely new freehold home in Titirangi.
He’s also the director of two successful property-related business and has a coaching role with Robert Kiyosaki’s Rich Dad, Poor Dad Australasia programme.
Here are Matt’s top seven tips for fellow investors:
1. Try to buy ahead of the curve.
2. Know your target market.
3. Spend renovation money on the “touchable” items.
4. Don’t rip people off.
5. Borrow sensibly.
6. Take a profit when it’s handed to you.
7. Give back.
To find out how Matt went from 0 to $6 million in five years, click here to get the digital issue of NZ Property Investor magazine.
Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.
Matt Thorburn is also a wealth mentor. You can learn more from him by attending his Step By Step seminar.
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