Couple’s gold mine: $500k richer a year without lifting a finger

A couple who used a job perk to overcome their fear of debt now get $500,000 richer every year without having to lift a finger. See how they did it.

A landlord couple who get $500,000 richer every year without lifting a finger began their property surge after a job perk allowed them a 10pc home loan deposit without insurance penalty.

Married couple Rajeev Bhavaraju and Sowjanya Pasupuleti have properties across Brisbane, Adelaide, Sydney, regional New South Wales, regional Queensland and regional Victoria – having added six rentals since the pandemic, thanks to being able to pivot off skyrocketing values in two Sydney properties they’d scrimped to buy since 2017.

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Married couple Rajeev Bhavaraju and Sowjanya Pasupuleti have eight properties now after a two year major investment spree that was kicked off by a 10pc deposit for a rental property.

The couple bought this home in Greater Brisbane’s Bracken Ridge sight unseen.

A beautiful home they bought in Hallet Cove, SA.

Mr Bhavaraju said his adviser Arjun Paliwal of InvestorKit called it “momentum style” investing, rapidly building a base of capital city and regional homes for a portfolio that is now expected to see average growth of 6 per cent.

Effectively, he said, their worth increases by over half a million dollars a year.

“You can’t even get a salary like that,” Mr Bhavaraju said. “Covid-19 was a part of the trigger.”

Ms Pasupuleti, a physiotherapist, triggered the start of their latest investment run, thanks to a 10pc deposit benefit health workers were able to access.

Ms Pasupuleti counts herself lucky being able to access a lower deposit loan without penalty thanks to being in the healthcare sector.

This Wodonga house in Victoria was among those they were able to add to their portfolio.

They also took out a loand to buy this house in Coffs Harbour.

She said “the world is open for us now and that freedom only comes when you have the base. It is good timing, just as the interest rates were going up we managed to get that mortgage down so we didn’t feel that pinch as much”.

Her husband said “now we’re comfortable with big numbers of debt. When you open your internet banking, it’s scary, but we’re now looking at investment properties in the commercial space”.

“Based on our current situation and the momentum we have, we are now in a position to maybe get our teeth into a bit more cashflow type properties. It enables us to fast track our goals even further.”

“The best thing we did was get out of our comfort zone with help and guidance. Taking calculated risks.”

Mr Bhavaraju says they did not dream before Covid that they’d be able to accumulate so many property investments so fast.

They also took on this house in Epsom, Victoria.

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He said they knew property could get them close to financial freedom.

“You start taking baby steps and by the time you know it in two years it just went into six acquisitions.”

Everything, he said, was data driven from InvestorKit – based on where the suburbs were heading, not just the houses themselves – all of which were bought sight unseen in their own names, family trusts and self managed super funds.

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Originally published as Couple’s gold mine: $500k richer a year without lifting a finger