Financial Freedom through Property: A Conversation with Jasmiit Singh

In this episode of Networking Success: Northside Notables, host Lisa Thomas chats with Jasmiit Singh, a property and financial strategist who’s helping Australians achieve financial independence through smart property investment.

Jasmiit shares his personal journey from growing up in a property-focused family to becoming semi-retired at 33. He discusses the importance of structure, strategy, and having the right team when building wealth through property. You’ll hear about:

• Why he believes financial literacy is critical for personal growth and security.
• Real-life success stories, including how he helped a single mum secure a million-dollar gain by making the right decisions.

Whether you’re starting your property investment journey or looking for ways to grow your portfolio, this episode is packed with actionable insights and motivation.

🔗 Learn more about Jasmiit’s work: https://jasmiitsingh.com.au

Transcript

[00:00:00.000] - Lisa Thomas

Hello, everyone. Lisa Thomas from BNI, Melbourne North and the Inner West. Here we are doing the North Side Notable podcast, which is all about celebrating our local high performers. A lot of the times we look Externally, like nationally or internationally, for people to get inspiration from. We have a lot of local people that are actually brilliant at what they do as well. Today, we've got Jasmiit sing with us. Hi, Jasmiit.

[00:00:45.180] - Jasmiit Singh

Hello. How are you?

[00:00:46.340] - Lisa Thomas

I'm good. How are you?

[00:00:47.750] - Jasmiit Singh

I am extremely well as long as I'm breathing. That's it. I know. You always- That's the only condition that I have. Other than that, it's fine.

[00:00:55.880] - Lisa Thomas

Would you like to tell us a little bit about what you do?

[00:00:59.330] - Jasmiit Singh

Sure. So in a nutshell, I'm going to be very nice and easy crip so that we can all understand that very well. What I do is I help people create $8,700 monthly passive income in eight years. That's what I do. And we actually start from A to Z. And what do I mean by that? So we have a four-step process. Number one is we do a quick call. It's an introduction call. Number two is we do a discovery call. Number three is we share our strategies when you are ready to come on board. After that, we do the execution bit. That's where the fund begins. What do I mean by that? Anybody who wants to start their property investing journey and get to the goal that they're trying to achieve, they have to have the right team And BNI, obviously, is a great platform, and that's why I have a great team who I can help people to start extremely well. The reason I do that is I actually spent about $10,000 to $12,000 just to my structure right. Right structure will actually allow you to go to the next level very quickly. And what do I mean by that?

[00:02:09.240] - Jasmiit Singh

That only 1 % or 0.89 % of the people have got six plus properties, and I was able to buy seven plus properties in two and a half years, and credit goes to the right team that I had, but also the structure that I have from the get-go. We also do buying a commercial. I particularly do commercial buying and Development land because I'm a property developer myself. But I do have a team who started to do residential. We are doing a full service from A to Z. If you want to create passive income, and if you don't want to work, and if you want to learn how to get semi-retired at 33 because that's what I was able to do.

[00:02:48.980] - Lisa Thomas

Why are you so passionate about this, Jasmine? I've met you a number of times, and you're very passionate about helping people be financially secure. Is that what you'd say? Why are you so passionate about this? What's led you here?

[00:03:06.500] - Jasmiit Singh

Let me take you back to when I was 18 years old. I come from a property family. My father retired as a project manager. My grandfather was a very successful developer. But when I was 18 years old, we were almost bankrupt. I've seen that. I've never shared this before, but I'm going to share this For the very first time on a podcast or anywhere that we had people coming in because my father owed money to some bad people, too. Okay. And what my father knew, at what time would they come? They usually used to come late at night. And me and my brother were always home, along with my grandfather. So that pain is something that drives me as well. I really wanted to get my money right in a way that I wanted to learn about money because in schools, we really don't have that education, and I don't think so that we are ever going to get that. That's why I'm extremely passionate. Remember, let's just say you're 16 or 17 years old, and bad people are coming at home late night, 11:00 PM, they're knocking on your door.

[00:04:25.080] - Lisa Thomas

Yes, that would be very frightening.

[00:04:29.370] - Jasmiit Singh

That's why I'm extremely passionate. I really, really want to help people because me and my brother, my brother was obviously I was very protected of him because he was two years younger, but it was not a very good... But that just helped me. I've never complained about that either, by the way, because I'm really grateful that happened. That led me to where I am right now because I'm extremely passionate. I really, really want to help people because I think I've seen the worst of it. This is my first time actually sharing this story about this. Well, thank you.

[00:04:59.880] - Lisa Thomas

Thank you for sharing it with us. What are some of the key services that you offer for people?

[00:05:07.360] - Jasmiit Singh

When I talk about key services, we are a buyer's agency. What we basically do is we help people buy the right properties so that they can grow their portfolio because it's got to be a combination of growth and cash flow. I particularly deal with commercial properties and development sites because I'm a developer and I do develop, so I know some of the things. My grandfather was a very successful developer, too. But I think I briefly mentioned about my team. We've got a team now. They have started to work on residential as well because not everyone is able to go to commercial straight away. Even I was not able to go to commercial straight away. I had to start with the residential to be able to go to the next level, which is the development and the commercial. That's what we do. We find right properties in the growth area, which will give you a combination of cash flow as well so that you are able to secure your family's future by investing in property. Because I think in Australia, we are crazy about properties. We are. We're crazy about properties. But I didn't want I don't say this, but I have to say this.

[00:06:17.770] - Jasmiit Singh

Our financial system is corrupt. What we really need to do is we have to understand, especially in the Western countries, that all All the governments will always really devalue the money. That's why the property prices keep going up. Now, this is something that I learned when we had that incident, when we were almost bankrupt. That forced me to really understand the game. I only really have the operational cost of the business in my setting in the bank account. Everything else is invested in property. Wow. Okay. Because I understand the game. If you see, yesterday, feds have dropped 50 basis point in the US Market tanked. And guess what's going to happen in the next few months? The property value is going to start to going up again because they've dropped the rate. That means that they devalued the money again. And that's why it's going to go up again so that the property prices are going to start to go up again.

[00:07:18.650] - Lisa Thomas

What are some of the, I suppose, pitfalls that people get into because they don't get help or they don't have somebody advising them? What are some of the common things that happen?

[00:07:33.300] - Jasmiit Singh

They listen to their friends.

[00:07:36.990] - Lisa Thomas

Or their family sometimes. Or their family. That don't necessarily have a lot of experience yet.

[00:07:41.470] - Jasmiit Singh

Exactly my point. And secretly, let me tell you something, guys, this is for everyone who's listening this. Secretly, when your friends and family have made the mistake, they want you to do the same.

[00:07:54.700] - Lisa Thomas

Really?

[00:07:55.170] - Jasmiit Singh

Yeah. Because they don't want to see you grow.

[00:07:58.920] - Lisa Thomas

Okay.

[00:07:59.940] - Jasmiit Singh

Secretly, yes. They wouldn't admit to it, but that's what happens. About, I would say, 80% of the friends and family are just there just for sake of it. They're not really actual family or friends. That's what mine take is. Because they've made them a second, Oh, yeah, look, we have invested. They may know something about the property or the area or the location, but they still won't share it. That's what we've seen, by the way. Okay. That happens very often.

[00:08:32.280] - Lisa Thomas

That's the most common thing people listen to their family or their friends.

[00:08:36.700] - Jasmiit Singh

Most common thing. Okay, look, if I need help from a plumber, I wouldn't go to an electrician, would I?

[00:08:46.400] - Lisa Thomas

No, that's correct.

[00:08:48.480] - Jasmiit Singh

They are not in the same profession. They don't do that day in, day out. We do this absolutely every day. If I have a plumbing problem, I will I will go reach Marty. Shout out to you, Marty. Yeah, I will go reach him. I wouldn't reach out to Marty, which is our electrician, by the way. Shout out to Marty. So I wouldn't do that. I wouldn't know, Hey, if I need an electrician, I will go Marty. And if I need a plumber, I will go to Marty. It's T-Y, by the way, guys, just making sure. So I only really go to the right people. I wouldn't come to you if I want cakes. I will go to Prianka.

[00:09:24.910] - Lisa Thomas

Yes, of course.Because.

[00:09:26.210] - Jasmiit Singh

You don't...I.

[00:09:26.840] - Lisa Thomas

Don't do cakes.Exactly. No.

[00:09:28.620] - Jasmiit Singh

So that's my point. When we Why do we do this when we are making the biggest purchase of our freaking life? We are going to spend 6,000 to 700,000, or sometimes, million as well, but we don't get the advice from the professionals.

[00:09:45.200] - Lisa Thomas

No, that's true.

[00:09:46.330] - Jasmiit Singh

Why would you not do that? That is the biggest problem that I see, and they want to do DIY.Do it yourself.Yeah, do it yourself. Again, there are times that you will get to that stage when you will be able to understand that, yes, you know what? I'm comfortable. I've made enough mistakes, or I've learned enough to do this DIY. I understand that, but that takes time. You ought to consider doing at least 10 property transactions to be able to get to that stage, in my opinion. That's just my opinion. That's your opinion, yes. I could be absolutely wrong. Some people may be able to start doing really well, and their exceptions are always there once they've done 3-4 transaction, and I understand I understand them, right? But just my own, I have done about just my own, not for the clients. I've done 25 transactions, just my own for the last three years.

[00:10:38.700] - Lisa Thomas

Wow.

[00:10:39.560] - Jasmiit Singh

It's me putting my own money buying and selling properties, 25 on my own transactions. Sorry, 24. 24. Right? So you've had a lot of experience. Yes. That's it. I just know, these are the conditions that we're going to do. I actually just met Ernie One of our other BNI fellow members. We were talking about a few things. He asked me a couple of questions, and I said, Look, man, let me give you an answer. I have done deals with just $1,000 or $10,000. I was talking to him about one of my developments that I did. The property value was about 950. I gave the owner 980. I said, I will give you more than the property price, but I need 18 months settlement. Okay. Now, that's when I was able to get my DA done, my approvals done. And by the time it come to settlement time, I've already made up that money. Actually, that property was valued at about 1.2. I haven't ever spent any money except the deposit that I gave them and the other money that I spent on just securing the property. So you don't always need money to really make money.

[00:11:57.130] - Jasmiit Singh

Now, this is something most of the people don't have the experience. True. So, yes, get to DIY, but I think there has to be an appropriate time for you to do it.

[00:12:10.520] - Lisa Thomas

Do you have a recent success story or something that you can share with us.

[00:12:16.020] - Jasmiit Singh

Absolutely. This is for all the single mothers. One of a single mother's core from Sydney, and she's a tram driver from memory. What she said, Hey, I am getting all the pressure from my family because she had two properties, the one that she's living in and the other one in Perth. She was getting, Hey, all my family members are like, Hey, sell this property, sell this property, sell this property. You've made enough. There were some real estate agents involved as well who were trying to push her to sell it. She obviously got to know about us, and she got us on the call. It was a strategy session that I did with her. I told her, Hey, look, it's just a strategy session, so we're going to charge you a fee. She was like, Okay, that's no problem at all. I asked her, Hey, how old is your son? She mentioned in the conversation that I have a son. She said, I've got 10-year-old. I was like, Wonderful. I said, If you sell this property today, do you think that by the age your son will be 20, you'll be able to make million dollars?

[00:13:26.360] - Jasmiit Singh

She said, There's no way in hell that I can make million dollars. I said, This is exactly you would do if you sell this property right now. We made her a million dollars without her when she lifting her finger because one bad decision in property can lead you to so many unrealized losses is what I call it. People don't understand that you sell the property the wrong time, you've lost a lot of money which you have no idea about. She made a million dollars without even lifting her finger. You know what she said? She said, I want to double the fee that you charge. I said, No, that's okay. You don't have to do it. She She obviously paid me the double the strategy session that I charged for because she saw that it was valuable. I made a million dollars.

[00:14:09.240] - Lisa Thomas

Wow. I'm sure there's lots of people that would like that to happen. Much better than buying a Tatsalito ticket.

[00:14:17.740] - Jasmiit Singh

Well, that's another topic that we don't want to go into. I think that's another... How do I put it nicely? I'm trying to look for words. I think that's the That's the worst way to invest your money. That's the worst way to invest your money.

[00:14:35.320] - Lisa Thomas

So, Jessamyn, you're part of our group in Epping, so BNI business elite. So how has BNI really helped you with your This business.

[00:14:46.000] - Jasmiit Singh

Obviously, this is not my first business. This is my third business. I started my first couple of businesses in 2018, which I sold my books or business, if you want to call it, in 2021. I'll take you back to 2018 when I I went to BNI for the very first time. It was my first time, and all they were talking about were give us gain, give us gain, give us gain, and give us gain. I often share this story that the way that I was raised was My grandma raised me and my brother. She always used to say, Hey, look after others and you'll get looked after. I was like, Oh, no wonder. I joined BNI straight away. I was like, No, that's it. That's what I want to do. Bni actually played a very important role in the first couple of businesses that I sold. Helped me building the business as well. Partly, obviously, there were other social media. I have to give credit to social media where it's due. But BNI obviously played a very important role, and I made so many great relationships and relations that it's not even funny. You need something, you just call.

[00:15:57.400] - Jasmiit Singh

Hey, this is what's happening. And not just within your group. It's basically if you want to call… I call someone in Brisbane. I was looking for help because we bought a property for our clients in Brisbane. They were like… I called the guy. I was like, Hey, man, I'm BNI apping. He was like, Hey, man, how are you going? It's like a I called when I said when I entered before. A shared group of values.Yes.

[00:16:22.540] - Lisa Thomas

Of course.We all have a shared group of values.

[00:16:24.400] - Jasmiit Singh

I was just kidding, by the way. We're not a cult, right, guys? Calm down.

[00:16:30.510] - Lisa Thomas

So have you got a good referral story for us from BNI?

[00:16:35.310] - Jasmiit Singh

Yeah. Khan, shout out to you, man. So referral to me or the ones that I've shared?

[00:16:44.300] - Lisa Thomas

Totally up to you.

[00:16:45.060] - Jasmiit Singh

Okay, cool. So we actually onboarded a client, and they had four properties in Melbourne, and they were paying $15,000 monthly just to pay their mortgages. Wow. $15,000. And the guy was working like hell. He wouldn't see the kids, he wouldn't see his partner. And they got in touch with me, and we sat down. I was like, Guys, $15,000? Do you know how much money is that? And going forward with the land taxes, which are going to come in picture, it's just going to probably be more closely about $20,000 we're looking at. So they ended up selling all their properties through Khan. Yes, from Ristic Real Estate. From Ristic Real Estate. Shout out to you. A thousand bucks to you. Then you have to pay me just for this, by the way. So Khan and his team sold all their properties, and Khan was very happy. I think it was about close to $20,000 worth of business to him. Probably more. I just have to double check. Yeah.

[00:17:54.450] - Lisa Thomas

Yeah. No, that's fantastic. And the people, obviously, you gave them advice on what to do with their money.

[00:18:00.530] - Jasmiit Singh

Correct. So that's exactly what we're doing. We are finding properties for them in Queensland, or it's either going to be South Australia, but it's going to be a commercial property. The reason for that is we sat down with them, we made sure. I think If anybody wants to take anything from this podcast, these are the most important questions you want to ask yourself before you start your investment journey. Number one is, what do you want and by when? Get very precise about it. Hey, I'm 31 today. I want $10,000 monthly passive income in 10 years. This is just an example, by the way. It doesn't have to be $10,000. You can choose your number. And there's a formula to do that as well. The formula is extremely simple. Anybody can apply it. Go back, look at your three-month statements, last three-month statements. Whatever your expenses are, except the rent, add it up. Average it out and add another 15% on top of that. Because what's going to happen, inflation is going to keep going It's going to go up. When you add 15% on top of your goal that you're trying to achieve, you are ahead of the curve by five years.

[00:19:08.640] - Jasmiit Singh

What it does is obviously the rent is going to go up at the same time. What it does is it helps you to make sure that you are able to catch up with inflation or you are ahead of inflation and you still have that passive income that you're able to need to be survived. Number second question. This is the most important question, I think, for anybody else, because I just want to give you a stat before I give you this question. Question is number one, only 15% of the people when they retire have anything except their super. And that super is probably not going to go for a long time.

[00:19:43.750] - Lisa Thomas

No, that's correct.

[00:19:44.430] - Jasmiit Singh

Why are you doing it? What's going to drive you? We have obviously a presentation that we send to our clients when they come on board. That particular presentation is their goal and why are they doing it. We've particularly mentioned on that particular slide, print it and put it on your fridge, bed, anywhere you want in your bathroom so that it keeps reminding you. Why are you doing it? Why are you doing it? And top three reasons. We read them, we asked them to Write it down on that slide before we even go to our discovery session. Hey, send it to us before we actually meet up for our discovery session. So what do you want and by when and why do you want it? You ought to consider answering those questions before you even doing it because This is not going to be a very straightforward journey as most of us because look, 85% of the people are not able to do it.

[00:20:37.730] - Lisa Thomas

No, that's true.

[00:20:39.080] - Jasmiit Singh

These are the most important questions I think we need to answer before we go any further.

[00:20:45.250] - Lisa Thomas

Is there any industry trends or things that are happening at the moment that people should be considering?

[00:20:52.550] - Jasmiit Singh

Yeah, look, we had a 50 basis point cut in feds, and that led to $1.05 trillion lost in stocks. $1.05 trillion, not billion. It's a trillion. Now, the money has obviously been lost. What's going It's not going to happen is I think that property is going to go up again. It's not funny. I know some of the people are struggling to get to their first one, but yeah, it's going to go up. Get onto it as soon as humanly possible Do whatever it takes. Don't have to buy a fancy home straight away. My first house was the shittiest house on a good location. Seriously. My first four houses were shittiest houses.

[00:21:42.170] - Lisa Thomas

Well, don't they say that? Buy the-The worst house on the-The worst house on the best street. Exactly.

[00:21:46.610] - Jasmiit Singh

This is basics, guys. You know this. But I just executed it. That's it. I bought the shittiest house. Just buy them as soon as humanly possible. That's probably the trend that I see. Next year, we'll have some buying opportunity. The market in Australia is slowing down a bit for sure. But as soon as we have the cuts in Australia, it's going to go up. And I have been yelling this since February, earlier this year, when RBA did not raise their interest rate, I said this is either a start of a new cycle or it is almost the end of the cycle. Now, what happens is when The RBA do not increase the rate. They keep it stabilised, that basically means the new cycle has already started. This is the best time that you want to buy. You actually make the money when you have the interest rate cuts next year. I'm expecting that that's what's going to happen. Maybe now because feds in the US have done it earlier, well, partially that was political as well. They have their elections in November, so I'm pretty sure Dems were obviously lobbying them for sure, Hey, we need a cut.

[00:23:08.490] - Jasmiit Singh

We need a cut. Not a best way to do it, but hey, politics.

[00:23:15.630] - Lisa Thomas

Yes, yes, politics. All right. Is there anything else that you would like people to know if they were listening to this podcast? Is there any other tip bits you'd like to share? Or do you think you've shared everything?

[00:23:31.610] - Jasmiit Singh

I think I've shared a bit, quite a bit, what they really have to do. They have to sit down with themselves and really, really answer those questions. Like, really dig deep, go inside, talk to your partner. Hey, where are we? What are we trying to achieve? I was trying to help a couple of doctors. Sorry. I was trying to help a couple of doctors. The wife wanted the nice house, and that's fine, perfectly okay. The guy wanted a house with a bigger land so that they could do it. They both were doctors, both were smarts, and they both were having a bit of... I wouldn't say fight, but yeah, a rift. Yeah, for sure. So I had to counsel them first. I was like, Guys, there's only one important question that you want to ask yourself. Is this house the house that you can live for the next 10 years? And they said, No. I said, If that's the case, then you ought to consider the investment perspective or angle on this property because you're not going to be living in this property for a long, long time. So you ought to consider that you can do something on this property later on.

[00:24:41.990] - Jasmiit Singh

I think, yeah, just ask Ask yourself questions. What are you trying to achieve? Get clarity on the goal that you're trying to achieve. And why are you doing it? Seriously, that is the most important question, I guess.

[00:24:58.030] - Lisa Thomas

That keeps you motivated.

[00:24:59.420] - Jasmiit Singh

Yeah, absolutely.

[00:25:00.140] - Lisa Thomas

Most definitely. It's always good to know your why. I always like to close off the podcast with a book or a podcast or something that you listen to that you think is really worth sharing with the audience.

[00:25:14.960] - Jasmiit Singh

I think, look, all the books by Ray Dalio, they are absolutely gem. But in particular, if you really want to understand the cycles, how the money market works, principles for dealing with Changing World Order is a great book. In that book, Ray Dalio has actually gone back to 1500s and all the Kingdoms that we've had thus far and why they rose and fell. And that is all cycles. Everything is in cycles. So once you understand the cycles, you can actually make money because you already know, hey... By the way, whatever is happening right now, whatever happened yesterday has already happened in 2001 and has already happened in 2007 as well. Every time feds cut their rate by 50 basis point, you know what it takes you? Recession in the US. So everything that you're seeing right now has already happened in the history. What happened in the past. All you got to do is just try to understand and learn about it. And Ray Dahlia's books are just absolutely amazing to be able to do it. Okay.

[00:26:23.990] - Lisa Thomas

Well, thank you very much.

[00:26:24.610] - Jasmiit Singh

Oh, thank you. Pleasure's mine.

[00:26:26.040] - Lisa Thomas

So thank you for coming along, Desmeet. Thank you for having me. And yes, we've really enjoyed talking to you about property.

[00:26:31.880] - Jasmiit Singh

Thank you so much. I appreciate it, guys. I hope you have an amazing day, and thank you so much for having me again.