A casual Woolworths employee has revealed how he was able to buy five properties and travel the world before his 28th birthday.
Douglas Lazickirk, 27, is the proud owner of five properties in two Australian states with a combined value of $2.4 million.
The NSW teacher and casual Woolworths employee has aspirations to become a millionaire before he turns 30 and attributes his success to hard work and ‘just a bit of luck’.
He bought his first house when he was 22, while balancing his shifts at the grocery store and studying a bachelor’s degree in teaching and art which he completed in 2015.
Douglas Lazickirk, 27, (pictured) is the proud owner of five properties in two states with a combined value of $2.4 million
Woolworths’ teacher and casual collaborator has ambitions to become a millionaire before he turns 30 and owes his success to hard work and a bit of luck
His first property was previously owned by his neighbor in the NSW Central Coast suburb of Erina, which he was able to acquire by getting a loan from the bank.
The graduate was advised to work full-time at Woolworths to ensure he was approved for the loan, which he did for ten weeks before returning to work.
With his father as guarantor for the loan, he was able to purchase the two-bedroom, one-bathroom home for $280,000 with a $28,000 down payment.
The savvy spender immediately moved tenants into the house to help with the mortgage payments and began devising a strategy for his next step in the NSW real estate market.
Mr Lazickirk told Daily Mail Australia that he learned most of what he knows by watching YouTube videos on investing and reading ‘every article’ he could.
“I think you should do everything yourself,” he said. “It’s not a fast game, it’s a slow game.”
The investor used the equity of his previous two homes to purchase the $300,000 four-bedroom home in Grafton, NSW’s Northern Rivers region (pictured)
Mr Lazickirk bought his first home at the age of 22 and plans to further expand his property portfolio
The savvy spender aims to be a millionaire by the time he turns 30 and plans to buy three more properties in the next 12 months
He bought his second home at age 24 with the help of his sister, who used the first homebuyer’s grant to buy the two-bedroom, one-bathroom home.
The Tumbi Umbi house on the Central Coast — complete with a granny in the back — cost $435,000, with each sibling making a 10 percent down payment.
The couple decided to raise the rent on the house, meaning the mortgage is slowly being paid off as the two pursue their passions, traveling for Mr. Lazickirk.
As a casual worker, the investor has the luxury of making travel his number one priority and has flown to no fewer than 132 countries so far.
As a casual worker, the investor has the luxury of making travel a priority and has flown to no fewer than 132 countries so far
He then decided to cut his first Erina property in half and build a two-bedroom, one-bathroom granny flat to earn an extra $460 each week.
In the past three months, the 27-year-old has purchased two additional properties, one in Grafton in the NSW Northern Rivers region and the other in Hobart.
He used the equity from his previous two homes to buy the $300,000 four-bedroom house in NSW and seized the property in Tasmania after it had been on the market for just eight hours.
The property cost him $380,000 and has three bedrooms and a bathroom.
Mr Lazickirk said he will usually make 20 offers on houses and be accepted for four, and has bought every property without even inspecting them because of Covid-19.
The informal Woolworths teacher and employee has been able to build up his savings by living in his father’s garage and working seven days a week
The Hobart property cost the investor $380,000 and has three bedrooms and a bathroom (pictured)
He says interest in his smart investment methods has exploded over the past three months, but admitted he doesn’t like giving financial advice.
The casual teacher said he could have built up his savings by living in his father’s garage and working seven days a week, adding that he doesn’t drink alcohol.
He now outsources the work associated with owning five homes to real estate agents and brokers and sees himself as ‘the CEO who makes all the decisions’.
With the passive return of the five properties, he has been able to take flying lessons and, in his own words, spend more time with friends.
As for future investments, Mr Lazickirk aims to purchase three new properties in the next 12 months and is confident that he will achieve millionaire status a year later.
Mr Lazickirk aims to purchase three new properties in the next 12 months and is confident that he will achieve millionaire status a year later