Teen as­pires to build prop­erty port­fo­lio

Southern Telegraph - - News -

Bud­ding ren­o­va­tor Liam Singer, of Secret Har­bour, will head east next week­end after re­ceiv­ing a Young Ren­o­va­tors Schol­ar­ship from Five Day Flip star Cherie Bar­ber.

The 14-year-old was se­lected out of hun­dreds of ap­pli­cants, se­cur­ing his place at Ren­o­vat­ing For Profit’s three-day work­shop in Syd­ney.

The work­shop is de­signed to teach peo­ple how to be­come savvy and cre­ative prop­erty in­vestors.

Liam and the other young win­ners will also re­ceive 12 months men­tor­ing from Ren­o­vat­ing For Profit’s ex­pert prop­erty coaches and a com­pre­hen­sive study kit con­tain­ing more than $37,000 worth of ed­u­ca­tional ma­te­ri­als.

The Year 9 stu­dent from Comet Bay Col­lege said he had been in­ter­ested in ren­o­vat­ing from a young age, with his par­ents’ own ren­o­va­tion suc­cesses en­cour­ag­ing him to pur­sue a ca­reer in flip­ping houses.

“I like to help as much as I can with my par­ents’ projects,” he said.

“It’s already taught me valu­able lessons about bud­get­ing, know­ing when to do the work your­self and when it’s smarter to hire a pro­fes­sional.” Liam said he planned to ap­ply the knowl­edge he would learn from the pro­gram to help his par­ents find more prop­er­ties they could ren­o­vate to­gether.

He said he hoped to start buy­ing houses and build­ing his prop­erty port­fo­lio in the next few years, after fin­ish­ing high school.

“School doesn’t pro­vide any course like this; I’ll learn valu­able in­for­ma­tion that will re­ally help my fu­ture,” Liam said. “Like Cherie, I want to be able to make a ca­reer from buy­ing and ren­o­vat­ing prop­er­ties. Hope­fully, this schol­ar­ship will help me achieve that.”

This marks the sec­ond year of the Young Ren­o­va­tors Schol­ar­ship Pro­gram, which was es­tab­lished by Ms Bar­ber as a way to teach young Aus­tralians the ins and outs of prop­erty in­vest­ment. “Prop­erty own­er­ship and in­vest­ment are the foun­da­tion of a se­cure fi­nan­cial fu­ture, yet the ma­jor­ity of school leavers have lit­tle to no knowl­edge on the ba­sics when it comes to the prop­erty mar­ket,” she said.

Pic­ture: Polka­dot Com­mu­ni­ca­tions

Liam Singer, 14, of Secret Har­bour.

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