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Extravagant millennials who splurged thousands on a lavish wedding in South Africa and travelling around the world now own SIX properties - and reveal how YOU can do it too

Daily Mail logo Daily Mail 13/10/2019 Nic White

Two years ago this young couple were $37,000 in debt from lavish holidays and an extravagant overseas wedding.

a person holding a pink dress: Megan Andrews, 32, and Jeremy Craig, 37, have bought six homes in just the past 18 months © Provided by Associated Newspapers Limited Megan Andrews, 32, and Jeremy Craig, 37, have bought six homes in just the past 18 months But Sydney pair Megan Andrews, 32, and Jeremy Craig, 37, have now bought six homes in just the past 18 months.

Their property empire across Queensland, where houses are cheaper, rakes in $80,000 a year in rent and is worth about $1.5 million.

a group of people sitting at a beach: After their 2017 wedding they set of on a four-week multi-continent honeymoon

After their 2017 wedding they set of on a four-week multi-continent honeymoon
© Provided by Associated Newspapers Limited

First they had to curtail their spending to get out of the debt they had amassed with their self-confessed wasteful spending.

'We were young spending anything we had direct access to. Travelling, shopping and eating out,' Ms Andrews told Daily Mail Australia.

'Our goals to own our own home was a lot more unrealistic than we thought. We knew that our spending had to change.'

The couple had travelled extensively, posting photos of themselves visiting landmarks in Berlin, Thailand, Barcelona, Rome, and Amsterdam.

The tradies gulped champagne by the bottle overlooking the canals of Venice and later hit the slopes on a snowboarding holiday.

In April 2017 they tied the knot in South Africa and celebrated with an extravagant reception including a meaty feast and five-layer wedding cake.

After the wedding they set of on a four-week multi-continent honeymoon, diving with sharks, swimming in gorgeous hotel pools, and sipping cocktails on the beach.

Back home with mounting debts, the couple wanted a home of their own and realised they needed to tighten their belts. 

'We thought we had been doing everything possible to scale back,' Ms Andrews said, before some financial advice gave them a new strategy.

The couple always wanted a dream home, but gave that idea up for a different strategy that allowed them to quickly amass a lucrative portfolio.

a statue of a man and a woman standing in front of a building: The couple had travelled extensively, posting photos of themselves visiting landmarks in Berlin, Thailand (pictured), Barcelona, Rome, and Amsterdam

The couple had travelled extensively, posting photos of themselves visiting landmarks in Berlin, Thailand (pictured), Barcelona, Rome, and Amsterdam
© Provided by Associated Newspapers Limited
Mr Craig's parents let them draw equity from their house as a long they used to buy a house in Ipswich in January 2018 and another near Toowoomba last August.

Each cost about $420,000 and could fit two sets of tenants so they could collect double the rental income.

The couple even had enough cash from their rental income to buy a brand new Ford 4WD last August.

Then they built a granny flat to live in out the back of Mr Craig's parents' house in Penrith, an arrangement that helped them save more money.

'Jeremy's parents loved the granny flat so much they ask to move into it instead and let us stay in the main house. We were excited and decided to renovate,' Ms Andrews said.

Using new savings and equity from their other homes, they then bought another in Redbank, Queensland, this year.

That house could also could be divided in two, and they earn $600 a week combined for them.

'We were stuck in an old mentality. You work hard and eventually you pay off a house,' Ms Andrews said. 

'We're not doing that anymore and the way we did it was so much easier than we expected.' 

Ms Andrews said she and Mr Craig next wanted to have children and had a 10-year plan to be able to live entirely off their investments.

'We will continue to buy investment properties until our cash flow exceeds our income and we can live financially free,' she said.

'I'm South African and come from a poor background and poverty. So if I was able to be in a good position, I would give back to others and not only give funds but actually physically contribute.'

a man and a woman taking a selfie: The couple always wanted a dream home, but gave that idea up for a different strategy that allowed them to quickly amass a lucrative portfolio © Provided by Associated Newspapers Limited The couple always wanted a dream home, but gave that idea up for a different strategy that allowed them to quickly amass a lucrative portfolio

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