Most of the people can only dream about purchasing their own houses. In fact, they are paying hundreds of pounds each month to live in a crowded houseshare with 6-7 strangers hoping their food does not get stolen from the fridge.
However, one teenager has crossed all that hassle and through his savings, put down deposits on 2 houses. The nineteen-year-old, Ollie Stock, lives with his five siblings and parents in Lindfield, West Sussex.
He saved money that he earned from occasional shifts on his father’s construction site, and is now the owner of two properties.
This has let him combine a career in property development, which fetches him five figures, with studying at Chichester College.
He revealed that he has been working since he was sixteen during holidays and weekends. This obviously does not let him have any free time. He works as planning permission analyst and director for his father’s company, where he is paid £27,000 a year.
He further noted that in the case of big companies, they mint more money from their properties than their products, which made sense to him always.
Explaining how he bought his first property, Ollie revealed that he decided to invest his money in Dover after he drove through the area. He then noticed that the area had some development, which made him expect a rise in value in the area.
He had saved £30,000 in two-and-a-half years or £12,000 a year and added £8000 that he received from his grandmother as his inheritance. This enabled him to put down £40,000 as mortgage on a property worth £130,000 in Dover.
However, this was not enough for the teenager and soon he moved onto another property in Dover. He now rents both of the properties to help add to his income from his job.
Share this post with your friends and family.
“Talented Teenager Pimps Shabby Canal Boat Into Luxury Holiday Home For His Sister And Mum”
If you liked this post, we would love to hear from you :)