BLAST FROM THE PAST

ANGELA STRANG

Last year was a busy one for 2015 Landlord of the Year Angela Strang – she got married, had a baby, sold a business and hit $1 million in net worth. It took her just 10 years to go from buying her first rental property in Timaru to being able to live comfortably off the passive cashflow produced by her investment portfolio.

“It definitely happened quicker than I thought it would,” she says. “After working in the mines, I thought I’d never match that money again, but it got easier as my properties increased in value and it just snowballed form there. After three properties it was easier and easier.”

Her advice for new investors is to go at your own pace and not compare yourself to others. You might get some negative feedback, and you’ll have lots of failures, but just have a go and don’t give up.

“I had a contractor who went bust and I lost $23,000 just like that, but don’t be scared of failure. Take lessons from those hard times and get propelled further.”