6 Massive Tips From 32 Year Old Property Investor And Developer Chris Moscher!
Friday, 9 May 2014 12:00 AM
Chris Moscher is the type of guy you knew growing up.
You know that one that was modest, likeable and would do anything for anyone.
As a 32 year old property investor Chris owns two very successful G.J. Gardner Homes franchisees, has a beautiful family and a growing property portfolio.
1. How many properties do you own? How much did you buy them for? How much are they worth now?
I currently own 2 houses, 1 block of land and a 50% share in another block of land.
Property 1: (Principal Place of Residence)
Purchase Price: $465,000
Current Value: $850,000 – $1,000,000
Property 2: (Investment Property)
Purchase Price: $365,000
Current Value: $580,000 – $650,000
Next Investment Property (Land Purchased)
Purchase Price: $101,250
Looking to build and hold this property. (Building to start before September 2014)
Joint Venture Investment (Land Purchase)
Purchase Price: $90,000
Current Value: $125,000
Looking to build and sell this property.
2. What’s your personal investment strategy?
Always looking for the next opportunity to build a property and build equity.
To have as much equity in my principle residence as possible, and to use this equity to fund new properties.
I aim to own my principle residence in the next 5 years.
To build and hold properties.
Aim to build and sell as a joint venture, to increase cash flow.
3. What are your plans in the future?
To have as much equity in my principle place of residence as possible, and to also have this paid off in the next 5 years.
I would like to start to build and hold properties for here on inn.
Aim to build and sell 5 to 8 joint venture House & Land Package’s Per year from 2015 forward.
To build and hold 10 investment properties within the next 10 years.
4. How did you get into property investing, building and property development?
I have always had an eye for building and property development; however it has taken me 10 years to be in a position to have a real crack.
Throughout my 20′s I worked hard to get myself into a position to do what I do now.
Although I still work my arse off now, I really enjoy what I do, the people I work with and the opportunities it creates.
From a work perspective I started my carpentry apprenticeship at 14, then went on to complete a degree and post graduate degree. After my degree I worked as a teacher for 3 years, before buying into the Albury G.J. Gardner Homes Franchise. I am now the majority share holder in this business and recently purchased the G.J. Gardner Homes Wagga franchise.
5. What do you know now that you wish you new sooner?
How important it is to have good people around you, that push you and thrive on your personal success.
The importance of a good broker and financial planner, despite the fact I still go against my planner’s advice at times.
Learnt how to ask the tough questions. The worst thing they can say is no.
I am massive on family and time with family. I recently brought a wake boarding boat, despite my financial planners advice, which has been the best investment in my family I have ever made.
6. If you were starting again what advice would you have for yourself?
I’ve made many mistakes in the past and I’m sure I’ll make more in the future. This said I still believe that your gut always knows the best opportunities.
I would have bought and held land earlier. When I was 16 I wanted to buy a block around our local lake which was going for around 30K, the land value of blocks in this particular area is now around 350K.
I recently bought and sold 5 blocks of land for $75,000, which were valued at $115,000. Looking back I wish I had built and held them myself. Opportunities like these are rare and I will never make that mistake again if it comes up.
Be carful who you take advice from and ask if the advice is in your best interest? Unfortunately many people just don’t want to see other people succeed.
More property investment case studies like this?
Property investment case study – How Aaron McDonough bought 24 properties before he was 35!
Investing while your young: A case study on 28-year-old property investor Ben Everingham who purchased 6 properties in 3.5 years.