Coles Worker On Average Wage Buys 7 Houses, Makes Half A Million Dollars Equity In 9 Months!

Ben Canty worked in Food Retail at Coles Supermarket in Melbourne. He's just bought 7 properties in 9 months through the Property Investment Accelerator.
💰 His total portfolio is worth $3,323,000 with almost half a million dollars of equity already.
In this episode we go into the NITTY GRITTY:
👉 What was his strategy and how he developed it?
👉 How he managed to buy so many houses so quickly?
👉 Which mindset blocks he had to re-wire to achieve this level of success?
👉 How he structured his loans and lending strategy, including 3rd tier lenders?
👉 How he maximised his borrowing capacity?
👉 What types of names/ entities he bought in, including a Self Managed Super Fund (SMSF)?
👉 How much his properties cost to hold and his exit strategy for retirement?
✨ This is a revolutionary interview - we've never gone into this level of depth before!
❤️ I'm incredibly proud of him and humbled by his achievements, especially his sheer will to succeed.
#propertyinvestmentaccelerator #propertyinvestment #australianproperty
Chapters:
00:00:00 - Ben's Journey to Building a Property Portfolio
00:05:17 - Binge-watching and genuine content
00:11:03 - Rebalancing my Property Portfolio
00:16:59 - Rewiring Your Mindset
00:23:05 - Overcoming the Challenges of Loan Structuring and Using Third Tier Lenders
00:28:49 - Short-term Challenges and Long-term Strategy
00:34:42 - Overcoming Challenges in the Perth Property Market
00:40:19 - Investing in Interstate Properties with Confidence
00:45:48 - The Value of PK's Course
00:51:05 - Thank You
Chapters:
00:00:00 - Ben's Journey to Property Investing Success
00:05:17 - Building Self-Belief and Setting Goals
00:11:03 - Rebalancing the Portfolio
00:16:59 - Rewiring the Mindset
00:23:05 - The Journey to Starting My Own Business
00:28:49 - The Long-Term Game of Property Investment
00:34:42 - Overcoming Challenges in Buying Property in Perth
00:40:19 - The Benefits of Buying Interstate
00:45:48 - The Best Course for Investing in Property and Real Estate
00:51:05 - Thank You Ben
LEARN MORE 👇
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DISCLAIMER: No Legal, Financial & Taxation Advice
The Listener, Reader or Viewer acknowledges and agrees that:
• Any information provided by us is provided as general information and for general information purposes only;
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#PropertyInvestment #PassiveIncome #Australia #RealEstate

[@AusPropertyMasteryWithPK]

❤ JOIN THE COMMUNITY & GET FREE SUBURB TIPS + STRATEGIES 💡 Private Facebook Group With Over 40,000 Clients & Investors 👉 facebook.com/groups/passiveincomethroughproperty 💡 Top Ranked No "BS" Podcast On Spotify/ iTunes/ Google 👉 consultingbypk.com.au/podcast/

[@ishakojonskis213]

Yo keen to try get another property. But be good to see or hear your thoughts buddy. @AusPropertyMasteryWithPK

[@CleanupStack]

The key take away is "single man, no kids" :) That explains the borrowing power 💪💪 Well done mate & PK.

[@zorororonoa2469]

🤣

[@bencanty8771]

Hahahahah. Very true mate. Thank you.

[@gregfields011]

Regardless of your situation, you can always do well. All of us wish we had started investing in real estate at 21.. next best time is now.

[@raywan22]

jesus. This guy's journey is insane. He set out a goal to buy 7 properties in a year and he did it. Along with selling 2. Big props to you and thanks for sharing. Very inspiring!

[@AusPropertyMasteryWithPK]

Crazy determination

[@bencanty8771]

Thanks mate

[@marcoschena99]

Top job Ben & PK. Thanks for sharing, especially all the detail on structure/lenders etc.

[@bencanty8771]

Thanks mate!

[@user-fr5lq3vu3f]

Great video , so much valuable information Thanks PK Well done Ben !

[@piecesasian]

Thank you and great video.

[@RajkumarSapkota1]

Great input Cheers Ben and PK🙌

[@AusPropertyMasteryWithPK]

Cheers!

[@EdmondAndyGuo]

Thanks guys for sharing some of the details, very helpful to understand the actual situation + the mindset on top of that. 👍

[@bencanty8771]

Thank you mate

[@teresazhang3766]

really inspiring video although I find myself still far from the fence(more just starting walking towards the fence lol) I can feel the energy and encouragement from you both . Thank u and congratulations for ur achievement 🎉

[@ThinhNguyen-ey2ll]

This is a wonderful video PK. Very inspirational and relatable; one that is more realistic that we can all potentially replicate. Well done Ben respect!!!

[@bencanty8771]

Thank you mate

[@ElaineRoams]

Super impressive!

[@TheGreatVehicle]

Great video PK thank you for sharing. im at 3 properties so far wondering if i can achieve more

[@AusPropertyMasteryWithPK]

Keep it up

[@TheGreatVehicle]

@@AusPropertyMasteryWithPK could you please share the name of the accountant and how I could reach him ? I need someone who can help me plan my next moves thank you so much !

[@dmoo8121]

Well done Ben

[@michaelrobinsrobinson7934]

Great and positive mentally 👌

[@AusPropertyMasteryWithPK]

That’s what it’s all about!

[@LunarExplorerVideos]

Bravo Benjamin! and thank you PK for sharing this story

[@AusPropertyMasteryWithPK]

Thanks mate !

[@jessicaamy6711]

Great video! I’m at 3 properties and just turned 30 😭 hitting a dead end with borrowing capacity so not sure where to go right now besides save, save & save.

[@IT-28]

Obv depends on your specific circumstances but Commercial property could be next steps 👌

[@shubhammahajan4052]

You’ve done great so far ! All the best !

[@U.s.e.r.3493]

Good on this guy, appreciate the content. Any steer on how you detect tipping points, such that you assess an area and say "too far gone" to invest? E.g. I'd say NSW is largely a state that's gone too far for the first time investor

[@AusPropertyMasteryWithPK]

I think it comes down to suburb level.. one is where investors make up over 40 or 50 percent of all transactions. Like Sydney in 2016/7

[@U.s.e.r.3493]

@@AusPropertyMasteryWithPK cheers PK. Have been binging your content

[@ericwarria6532]

Hi PK, Just wondering if you can an analysis video on the Pilbara property market?

[@AusPropertyMasteryWithPK]

It’s pretty niche and volatile!

[@theaussienurseflipper.8113]

Don't you have to disclose when you sell if somebody's died in the property?

[@DisciplinedLion]

PK what do you reckon about woodridge suburb in QLD

[@AusPropertyMasteryWithPK]

Not a fan.. 75% of houses are rentals

[@nadiakhudi9820]

How did he avoid the CGT with selling 2 properties?

[@HanginOffThaReel]

💡 Not sure if you noticed. - get rid of the 9-5 by 45 is get rid of the 9 to 5 by 9 x 5 hahaha

[@bencanty8771]

@slapz444 Thanks for pointing that out!

[@darshirathod1213]

Hi pk how much fir course and how to join ? Plz help

[@AusPropertyMasteryWithPK]

Hey :) please see here the fee: consultingbypk.com.au/faq/ The website also has the process for enrolment

[@JonathanRodriguez-bx3hm]

who's his broker?

[@funkzsnoopy]

Nice!! But just a little confused on how banks lending you money if you are going -$4500 with each property? Overall its -$30,000 debt? Apologies if this question doesnt make any sense. Trying to understand if its impacting your borrowing capacity. Thanks

[@AusPropertyMasteryWithPK]

Third tier lenders are more forthcoming, and his plan is to refinance to big 4 as he mentioned. Esp once rents rise etc

[@angelatheexplorer2507]

Is that holding cost per month or per year per property?

[@bencanty8771]

@@angelatheexplorer2507Per Year

[@bencanty8771]

@@angelatheexplorer2507 Hi. Per year.

[@theaussienurseflipper.8113]

Did he say he $30,000 a year in the hole after tax? It's scary to think I saw a video buy Martin North yesterday some areas have gone down over 20%. If interest rates go up again in February or March he's going to be in a lot of hurt.

[@AusPropertyMasteryWithPK]

His suburbs have gone up tens of thousands despite the rate rises last years and continue to go up every single month. I wouldn’t mind another rate rise

[@bencanty8771]

Thanks for your insights and concern. I’m not scared at all. My property portfolio has increased 18% since purchase (my valuation, not the banks). With rental increases and interest rates slightly decreasing or me refinancing, in 2 years I’ll be about $18k positive.

[@theaussienurseflipper.8113]

@@bencanty8771 that good mate

[@hereg3043]

No chance of an interest rate rise now that inflation has come under for the December quarter!

[@TheLolz1988]

Banks always over value properties for investment purposes .. i would take a bank valuation with a grain of salt

[@AusPropertyMasteryWithPK]

I think from investing for a long time sometimes banks go under sometimes over. It also depends on the bank itself, and generally 3rd tiers are not liberal

[@theaussienurseflipper.8113]

I don't understand why he was sharing his business with people around him. And then right there negative comments on a wall to stare at. My parents never share my goals and dreams with people around me because I wish you the worst.

[@bencanty8771]

Thanks for your comment. Everyone is different and gets motivation and focus through different means. I was being open and honest on this vid as I wanted to reach other people out there that might have been in the same situation I was in.

[@jenniferjennifer3604]

Thanks Ben, you certainly have inspired me. I'm going to do PK's course again.

[@ashahmed7866]

Guys, what you think of buying a house a bit cheaper then market value, but had suicide in it few months ago??

[@AusPropertyMasteryWithPK]

I think comes down to personal preference

[@13579john]

How much cheaper

[@cynthia9040]

I won’t touch it, it is super bad luck regardless of the price. You will regret later if you buy as no tenants will stay after they find out.

[@coasteyscoasteys4150]

​@@cynthia9040 I doubt most people will care.

[@Kurio71]

Did he say he's negatively geared 4.5K per property?

[@AusPropertyMasteryWithPK]

That’s correct

[@hereg3043]

Per year I am assuming

[@bencanty8771]

Thanks for your comment. Yes that’s correct. I’m expecting my portfolio to be $2.5k positive per property in 2 years (increase rents and decreased interest rates, or refinanced).

[@maralfniqle5092]

So just how much is Coles paying for God's sake.

[@bencanty8771]

@@maralfniqle5092 Thanks for your question. Did you watch the video?

[@bakshifamily]

Wow hes 4.5k in the hole per property per year. Thats scary. Hes losing $40k and thats real loses. His gains are just notional.

[@AusPropertyMasteryWithPK]

It’s scary if you don’t have a strategy. Just like going for surfing is scary for the first time. But after wards it becomes very rewarding as you catch the wave.

[@IT-28]

I wonder how much more he'd be making if he owned commercial property or a mix of residential and commercial.

[@bencanty8771]

@bakshifamily. Thanks for your comment. Not $40k in the hole. Just over $30k. I’m expecting my portfolio to be $2.5k positive per property in 2 years (increase rents and decreased interest rates, or refinanced). Bank Val is certainly more positive than reality. The reality is my portfolio has made $250k in equity in 6 months (my own conservative CMA on what my properties would sell for today) and I’m predicting $500k in equity in the full 12 month cycle. Not by bank Val, by mine. Growing at over 18%.

[@TheGreatVehicle]

​@@bencanty8771 hi Ben thank you for sharing your story super motivational could you please share info on the accountant yoy used? I need someone like that to help me with my next steps cheers !!!!

[@jenniferjennifer3604]

Well done Ben. Such an open, honst and insightful sharing, I certainly have learned a lot. Thanks PK, thank you Ben. Keep going and all the best wishes for your new adventure.

[@user-fr5lq3vu3f]

Great video , so much valuable information Thanks PK Well done Ben !

[@bencanty8771]

Thank you. Appreciate it.