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Michael & Nicole, a former electrician & nurse respectively on modest incomes, started investing with just $30k. Now they have 17 rental property incomes in under 13 years and make over $100K Passive Income!
I'm proud to call them clients of the Property Investment Accelerator.
💰 Their property portfolio is worth over $7M and they aren't stopping.
In this episode we go into everything you want to know:
👉 As children of hard working immigrants, how they started investing in Australian property?
👉 Their biggest MISTAKES, off-the plan-units property, the sales pitch about "depreciation"
👉 The "aha" moment when Michael's first property made him MORE MONEY than his job in under 1 year!
👉 The "tiered-value-add" STRATEGY that transformed their journey?
👉 How they bought a property MID-FLIGHT on a plane to America?
👉 How they found themselves property rich (8 by 2018) but HUGELY NEGATIVELY GEARED by the time they had their first child!
👉 Why hiring a BUYERS AGENT to buy a commercial property was a big MISTAKE?
👉 How they now don't need "boots on the ground" for INTERSTATE investing
👉 Their biggest advice to experienced investors who have NOT got the expected results from property investing!
✨ This is a grass-roots interview - pure, honest & raw!
❤️ I'm incredibly proud of them and humbled by their achievements, especially the mindset to constantly pivot and solve problems to achieve success.
#propertyinvestmentaccelerator #pkgupta #consultingbypk
Chapters:
00:00:00 - Introduction to Successful Property Investing
00:08:24 - Investing in House and Land Packages
00:16:49 - Stumbling upon a Distressed Property
00:24:48 - Researching Property Investment
00:33:33 - The Fruitful Experience of Rooming Houses
00:41:47 - Value Add Strategies in Real Estate
00:49:18 - Starting a Buyer's Agent Business and Streamlining Processes
00:57:09 - The Role of Financial Planners in Real Estate Investing
01:04:54 - Strategies for Success in Real Estate
01:12:16 - Thank You for Your Support
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