Getting one step on the Property Ladder

Dividends this week

2020 has started off on a positive note.This week I have “earned” $46 in dividends from 5 companies after Tax

• MO – $26
• WEYS – $7
• REE.MC $5
• PEP – $4
• CTBI -$3

I don’t know why but I find it strangely satisfying knowing that money was deposited into my investment account while I was effectively doing nothing. That is what I love about dividend investing, I spend a hour a so once a month selecting companies and sit back and wait for the cheques to roll in. It almost feels like free money 🙂

Finally getting on the property ladder

I have been making great strides in acquiring my first rental property. Starting a property portfolio was always one of my main goals. I made it a priority to buy a property in 2020 with the intention to sell later. However one of my more annoying flaws is coming up with loads of ideas but when it comes to taking action, I can sometimes take a backseat and gets distracted.

I am trying to change that this year and inspired by Jack Canfields blog on how to take action i’m trying to do small things each day which is forcing me to take action.

Getting on a property ladder always felt impossible unless you had a shed load of money. Now I don’t have a shed load of money to my name YET! but I am learning that by taking action and putting yourself out there doors will open up that you may not have noticed before.

I started to discuss and talk about my goals and desire to get on the property ladder to anyone who would listen and before the end of the year I came together with an investor who turns out was looking for an investment partner to source and manage a property. After an hours meeting we decided to go into business together.

We have been moving fast this year to try and secure our first property. We had a meeting with the bank which they agreed in principal to give us funds and we have already viewed two properties. Hopefully by the end of the first quarter we will have the keys to our first property.

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