Remember those innocent specufesting kids? Parasites.

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Recall this story at Domainfax:

Mina O’Neill, 28, and her husband Scott, 30, started buying properties in late-2010.

Now the rentvesting couple has a portfolio of 28 properties across Australia, including commercial and residential real estate.

Mina has an advertising and financial planning background, while Scott’s experience is in engineering. So when they put their minds together it was “all about the numbers” – a natural fit for them to get into investing.

After all their costs, such as council rates and maintenance fees, are considered their portfolio leaves them with an income of $300,000 a year.

They’ve put this income to good use – spending six months of 2016 overseas and they are intending to continue with this lifestyle in the future.

So, Scott is an engineer, eh? He must have an evil twin working at a property advisory then.

Go build a bridge, mate.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.