From $242K to $700K: 9 Properties Before 30 (The Real Strategy Behind It)

Most people think building a property portfolio is about luck…
 or having a high income…
 or just “getting in early.”

This episode proves it’s none of that.

Billy Childs started with a simple goal — buy one property.
 No strategy. No deep knowledge. Just action.

Fast forward to today:

•  9 properties before 30 
•  A portfolio worth over $6M 
•  Multiple deals with insane growth (like $242K → ~$700K) 

But here’s what matters most…
 It wasn’t perfect decisions — it was learning, adapting, and staying in the game.

In this episode we break down:

•  The mistakes most investors make on their first deal
•  Why buying where you live is usually the wrong move
•  How education (podcasts, books, reps) changed everything 
•  The truth about serviceability (and why 10 properties isn’t realistic for most)
•  What you actually need to build a $5M+ portfolio

This isn’t theory.
 This is real numbers, real strategy, and real experience.

If you’re trying to figure out:
 👉 Where to start
 👉 How to scale
 👉 Or how to avoid costly mistakes

This episode will give you clarity.

Transcript

SPEAKER_02 0:00

I bought it for 242 and it would be worth close to 700 today. It's name. There were properties in that suburb for 200 as well that announced it's 700.

SPEAKER_00 0:10

Billy Charles, thanks for coming into the studio today, Deanning Cornella. Mate, tell us a little bit about how what Billy Charles was doing as a young whippersnipper before we got all into this property stuff and you know what you're doing today.

SPEAKER_02 0:21

Mate, thanks for having me. Good to see you again. Before I was in property, I was working as a commercial beekeeper, as you know. So pretty different to most uh people in the property industry. But I was working hard from left school when I was 16 and was working hard until about 20, 21. Bought my first property, thinking, yeah, gonna get in the market and buy a property because property's the way to go. I didn't know that it was gonna be nine properties over the next eight or nine years. So I just started with one and yeah, went from there. Good on you, man.

SPEAKER_00 0:53

So you're not even 30 yet. And you're 29. You're 29, you got nine properties. Yeah. Yes. Shivers, man. I I don't know many people under 30 that have done that. But you got started very early. That's odd. But you're a country lad. I feel like all the country lads bust around, say, work hard. Was there pressures from someone or people or yourself to get into the property market?

SPEAKER_02 1:16

Or it wasn't pressures, but I was always good at saving money. So I was good at saving money from when I was a kid, five, six years old. I'd save all my money if I got money for the canteen. I'd put in my money box instead instead of buying buying food. But I was always saving a deposit to buy a property, and I thought it was going to be a property to live in, but my dad actually suggested you should go and buy an investment property instead. He had a couple properties that he's bought over the years and always done well out of it, and thought that obviously that's how you get ahead. So he was pretty keen to steer me down that route. And I think part of it was at 20, buying a property, he was worried I'd I'd uh live in it with a girlfriend and then probably you know, not uh not marry them and uh then I'd lose half of it. Which was the girlfriend that you had when you were 20, not the same one.

SPEAKER_00 2:08

So he knew he knew, yeah he knew you, he knew the scenario. He sent it to me. I think he knew life, yeah. So your your dad encouraged you to go the investment route, not the owner rock route. Yeah, and you you buy one property, but you're a diligent saver. Like I hear that, and it's like, who's saving money in their late teens, literally late teens? Like, what are you doing for work back then?

SPEAKER_02 2:29

I was beekeeping, so yeah, working hard and just not making heaps of money when I was 16, 17, but I also had no expenses. Living at home, had a car that no car loan or anything like that. So all my money I just put in the bank and I just like seeing it grow.

SPEAKER_03 2:45

Yeah.

SPEAKER_02 2:45

And uh then obviously I keeps growing and you've got to put it into something. So property was a logical thing. I'd interested in shares to a point, but just the volatility sort of scared me out of that uh avenue and went down the property instead.

SPEAKER_00 3:00

Tell us the tell us the numbers. The numbers. What was it? What was the purchase? Where was it? How much you pay? What's the total funds you put into the deal? What's it worth now?

SPEAKER_02 3:09

First one was a mistake, and it's the only property I sold. Oh and it didn't go, it could have been worse, but I bought it for$3.90 in Tamworth in 2017. Bought in Tamworth because I looked at the market in Coffs where I lived at the time, where I still live, and for$39,400 was about my budget. In Coffs, I could only get a rundown, you know, old shack that was you know, not pretty. Yeah. And uh I thought that's better than Sebastopol or well now I like the rundown old chipboxes, you know. So uh but back then I thought I don't want to buy something ugly, I want something nice and new and all that stuff. So in Tamworth, I could get it, it was almost a brand new, it was about two years old, four and two, on about 600 square metres. Beautiful house. Still it's better than was better than any house I'd lived in at the time. It's still better now.

SPEAKER_00 4:05

It's owner occupy a spec house.

SPEAKER_02 4:07

Well, yeah, yeah. However, you and you'll understand when I say this, but it was in an estate that was also right next to about 500 acres of developable land. So, you know, you could cut up blocks there for the next 10 years and build the same thing. So the land to asset ratio on that one, like I could have bought a block for 120, 130 grand. So, you know, nowadays we're buying properties that are ugly, but the block might be worth 500 and you're buying it for 550, six. Well, in that scenario, I was buying with about 25% land value, and the rest was the building. So it wasn't the worst. It would have performed okay. If I look at it now, it's probably worth 600, something like that. But I sold it in 2021. So I bought it for 390, sold it for 415, and I the market was moving then, but I sort of thought I think I can do better elsewhere. And then 2021 I went and bought in Perth instead.

SPEAKER_00 5:08

Ew.

SPEAKER_02 5:08

And I sat that yeah, turns out that went better.

SPEAKER_00 5:11

Yeah. Can I go back to who was the were you the sole decision maker in buying that Tamworth place? Like what type of uh voices or noises were influencing your decisions?

SPEAKER_02 5:23

Not really any voices or noises. I I didn't have any, I hadn't read any property books or after that I got very into books and podcasts and all that. That's what I mean that, yeah. Yeah, it was just something that I it was another town that I knew before, like besides COFS, and it was in my price point. So not really much education besides the fact that I should buy a house. And you know, long term it still would have done okay. It's just now I realize that I could have done a lot better, hence why I sold it.

SPEAKER_00 5:52

Right with the mortgage broker and stuff, sure you hear this all the time. So many people I speak to, I want to get on the ladder, I can afford 700. I'm gonna buy a unit in Southern. They know that there's a unit inside that they can afford to buy. I've got pre-approved, I'm gonna buy that. Why are you buying that for? I want to get on the ladder. I want to get in. That's all they say. And it's like, what for? Um, for an investment. And it's like, have you like down the numbers? You know what you're paying, you know what's worth, you know what the growth rates are. Oh, what's that? What what do you mean? You know, like they don't the they label it an investment property because it's what it is in their head. But in my eyes, an investment has always been something that you make a return on. I'm doing this to make a return, but they're just doing it because of I don't know, expectations or fear of missing out or something. But um, so you pivot from that. No, sweet.

SPEAKER_02 6:45

And most most of the time when people do that, like you're saying, they buy exactly where they live.

SPEAKER_03 6:50

Yeah.

SPEAKER_02 6:51

So, you know, if there's, as you know, 15,000 odd suburbs in Australia, it's pretty unlikely that, you know, if it's an owner ock, then cool. You gotta you want to live where you want to live. That's right. But if it's an investment, it's pretty unlikely that the suburb that you live in out of 15,000 suburbs is just gonna happen to be the best place to put your money at that given time. At that given time, yeah.

SPEAKER_00 7:11

So it's highly unlikely. And then to have the courage to do that and right, to do the deal in Tamworth, you've never been there, or you're comfortable with it, then you sell it a couple of years later. Yeah. Like how does how does how does that happen?

SPEAKER_02 7:25

Big change from that one. So I bought in Tamworth 2017. That was 2017, and then I bought in Ipswich end of 2018, and that one was much better. And the markets, that one I bought for I bought it for 242, and it would be worth close to 700 today. So it's insane.

SPEAKER_00 7:44

Unreal.

SPEAKER_02 7:44

Yeah, and there was properties in that suburb for 200 as well that are now 650, 700.

SPEAKER_00 7:50

I'm trying to peel back the the how did I go from the the thinking and the the progression of your understanding on each property transaction to like you are where you are now, nine properties deep. The first one you say is a mistake. The second one is like the holy grail, you know, you got in at the beautiful time in that area, you've made all the money off it, you probably rinsed equity out of that thing multiple times. What would lead you there?

SPEAKER_02 8:15

Yeah, good question. I went from 2017 knowing nothing about property, and then as soon as I bought, like a lot of people, I got the bug. So I loved it. I wanted to buy more, I wanted to keep going.

SPEAKER_03 8:25

Yeah.

SPEAKER_02 8:26

And I searched up Podcast, Property Podcast. That was, yeah, 2018. So there wasn't now if you go property podcast, there's 300. Everyone's got one. Yeah. But back then there was Smart Property Investment and Property Couch. So I listened to every episode, and there was probably 200, 300 episodes, then now there's probably thousands, but I listened to every single episode of those podcasts because I was working on the bees. A lot of the the time spent is driving to work and might be two hours, three hours a day there and back. So it could be four to six hours a day of driving. So that time I just listened to podcasts all the time. And then I got Steve McKnight's zero to 130 properties in three and a half years, whatever that is. And that big shift in that book was he was buying, he was asking agents, where wouldn't you buy? Where's ugly? Where's out of flavor? And he'd go and buy there because it was a lot of the time good value, good yields, all that sort of thing. So got a lot of knowledge from books and podcasts. And then for the next one, I had uh borrowing capacity restraints again because my income still wasn't very high.

SPEAKER_00 9:33

Well, I thought the bees pay.

SPEAKER_02 9:35

Yeah, when I was 22, I was just on basic wages. So I was getting probably 80 grand, something like that.

SPEAKER_03 9:42

Nice.

SPEAKER_02 9:43

So it was okay for my age. It was good. I was working a lot, and uh yeah, borrowing capacity because I already had one property, was uh I probably wasn't on 80 grand, it's probably like 70. Uh but yeah, something like that. Anyway, my borrowing capacity was only about 250, 300 grand. So I was very restrained from that side of the year. What do you think about it easier in a way because I didn't have the choice to go and buy a lot of suburbs. But then I looked at, all right, 300 grand. I could have got a unit in certain suburbs around where I live or in some Brisbane areas or whatever. But then when I looked at places like Ipswich and Logan, for 300 grand, I could buy whatever I wanted. Yeah, that's right. So yeah, that's where I went. And the yields were, you know, that first one was 242. I think it rented for 275 or 280 a week. So about a 6% yield straight off the bat, 650 square meters, 40 minutes to Brisbane. And everyone said, Don't buy an Ipswich, it's a shithole. And I was just like, Well, I'm 22, it's 40 minutes to the CBD at Brisbane for 240 grand. Even how bad can this be?

SPEAKER_00 10:49

Even the stats that you're rattling off on that deal, there was no stats on the Tamworth deal. It was just like, Yeah, yeah. But no, that's it was the year was this, this is what it was, the distance to the C BDA, bang. Like you you had immersed yourself in just education, and then that was the confidence to keep moving.

SPEAKER_02 11:07

Yeah. And back then I was listening to podcasts, and 2017, 2018 was off the back of the Western Sydney boom. So properties in Western Sydney had just gone from, you know, whatever they were in Mount Druid, I don't know, 200 grand to four, five, six hundred, they're a million now. But I was listening to investors that had rode that Western Sydney boom, and they were saying the same thing. They were saying, everyone told me not to buy Mount Druid, Blacktown, wherever it was. And I did. Yields were good, prices were low, and now it boomed. Then I looked at it and I went, well, Sydney's just gone through a massive boom phase. Brisbane hasn't grown back then, as you would know. It hadn't grown since 2009. Yeah. Because it had the floods and it had done less than 1% a year. So I didn't know it was gonna take off as soon as it did. It didn't take, it didn't take off till 2020, but I didn't know it was gonna take off straight away. I just looked at it and went long term, this has to come good.

SPEAKER_00 12:00

Yeah, even that is not like a a super strategic move. It's just like this has got to go good in time, yeah, but you've immersed yourself in the education, you're taking action, it's different strategy. And then right now, so you've gone through your first two deals, you're a deal, you're dealing number nine, probably about to do deal number ten soon. Yep. What what advice do you give yourself? What advice would you give yourself then from what you know now?

SPEAKER_02 12:27

When I was at deal two, deal two. Probably only advice which everyone would say is buy more. Buy more. I could have probably pushed it and bought a little bit sooner than I did, but I mean I bought, I I I pretty much bought every time I could. I bought yeah, I guess I bought Ipswich 2018, then I bought Redcliffe 2019 in Brizzy, uh, you know, 100 meters to the water for 500 house in Granny Flat. And then back to Ipswich in 2020, yeah, 2020 in COVID, thousand square meters in Bouville, Bouval. The locals call it Bouval, they call it Bouval, don't they? I call it Bouval, they get pissed off because they're fancy, whatever, or trying to be fancy. But yeah, bought that and then went 2021, Perth, sold Tamworth, went to Coff's, bought one in Coff's, yeah, and then 2022 I went Perth again, Rockingham in early 22, and that was nothing happening there, and then it just went through the roof, and then a couple of years.

SPEAKER_00 13:26

So you're ripping them every every year, every year, nine to twelve months.

SPEAKER_02 13:30

2022, I had a gap, so I hit serviceability uh wall in 2022. I was still on POYG wages, I would have been 25, and I got to six properties and I capped out at my income. It sounds ridiculous. Getting six properties now, but my income was still, I say only, it was it was good. I was working a lot and you know doing decent out of the B's, but just PAYG. And I was on one.

SPEAKER_00 13:56

Yeah, 140.

SPEAKER_02 13:57

Yeah. So 140 getting six properties now sounds ridiculous. Yeah. But interest rates were also two percent. Totally. And the yields were pretty good, which are what I was buying, and the previous properties that I had bought were getting growth, so the yields on them were growing. So I'd seen that serviceability was at, you know, and I didn't know for sure, but I thought this is about the best time that I'm gonna be able to buy a property with rates at 2%. I was getting investment loans for 2.25, stuff like that. Yeah, insane. Interest only. So I went as hard as I could in that period, and then rates started going up, and I was completely capped out.

SPEAKER_00 14:35

I think that lending period for serious property investors like like yourself, I think has birthed what the property investment space is now. Like that glory year from like 2020 to 2023 was just this where loans and and debt was cheap, and yields of undervalued areas was so good that it's like it's created multiple anchor properties in people's portfolio. I started in Perth back in 2020. We signed our contract in December 2020, settled in February 2021.

SPEAKER_02 15:03

And we were now in Mandraway.

SPEAKER_00 15:05

That was in Rockingham in Warmboro.

SPEAKER_02 15:07

Yeah, mine's in Warnboro, too.

SPEAKER_00 15:08

Yeah, four bed, two bath, eight oh nine square meter block. At the time we're renting it for 360. We bought it for 350. Yeah, now we're renting that thing for 700. I think it's 7 or 720 a week. It'd be worth 900. Comfortable. Probably more. We're two streets back from the beach.

SPEAKER_02 15:21

Yeah, it's beachside as well. Three days. Beachside. Insane. Yeah, that'd be that'd be 950.

SPEAKER_00 15:26

I I got into this deal, and it's like, okay, rinse the equity. And I was the same as you. I I thought there's no better time like now. I'm going to rinse as much equity as I can, and I'm going to push as hard as I can because I don't want to be like, oh shit, I I should have done more. I should have done more. A good mate of mine, um played footy, done really well, was retired now. And I I've I've heard him say to me, he bought a couple of units when he was um playing footy. Yeah. And he basically said to me, like, I bought a unit in Koji, done well off it, bought another one, blah, blah. And he's like, he's he built a decent property portfolio, ended up selling a bit of it. But he was like, I wish I bought more. And I heard a few people say this, right? I wish I bought more.

SPEAKER_02 16:08

I heard everyone say it. Right.

SPEAKER_00 16:09

So it's like, these guys are property investors, they're wealthier than what I am. And I've always thought, like, I want to do what the people who have done, okay, you've done what I want to do. Great. I'm gonna listen to what you say. I wanted to, and I remember the second deal we did in Perth. I bought it. We didn't have the money with the equity release and our savings, and I was like, shit, there's a 20 grand gap here. I asked for a 120 days or a 90-day settlement, longer settlement. Then um, I just saved like an absolute day. Made it happen and made it happen. Basically, we didn't eat ramen, but like super conscious of the budget, week in, week out for that for the settlement period. Bang, settled, drained the bank accounts. Then you're still super diligent to rebuild. And I'm doing this with wife and kids. Yeah. Um, and it's just like I don't recommend it to people anymore, but I'm so glad I did at the time because we're getting 3% interest rates. Yeah. And I bought that place for$460. That's a four-bed, two buy thousand out.

SPEAKER_02 17:08

I'm running cash flows now for clients, and they're, you know, a good deal is$15,000 a year negative.

unknown 17:13

Right.

SPEAKER_02 17:13

I used to run deals, they'd be 10 grand positive on purchase.

SPEAKER_00 17:16

And it's I why were why didn't I go harder? I went as hard as I possibly could. I drained my bank accounts twice, and I was like, I'm not doing that anymore, but like um, it's given me confidence.

SPEAKER_02 17:27

I did the same in 20 end of 2019 when I bought Redcliffe. I was buying it with a 12% deposit and have had a bit of funds left over to keep myself comfortable, pulled equity out of Ipswitch, all that. And then last minute the broker called me up and he said, mate, issues with the bank, we're gonna have to put in 20% deposit. And I had 20%, but when I settled it, I had about 500 bucks in the bank. It doesn't feel good. So I've I've not done it since, but yeah, you you advise clients not to do it, but sometimes it's just you make it happen and it's worth it.

SPEAKER_00 18:04

Yeah, I've tapped both, I've tapped the curry street one three times, I've tapped the Atwell one twice already. I might I could do it again. Um, and it's like if I didn't do those things at the time, like where would I be? Or like where would my property portfolio be? Um, but I I digress again because like what you're telling me is like a bit nostalgic, right?

SPEAKER_03 18:24

Yeah.

SPEAKER_00 18:25

Can you talk about how you've run into serviceability walls a couple of times in building your property portfolio? And you say it's funny to say that you're making 140 and you've got six properties. I I feel like there's this myth in the industry, or mainly on social media, I don't know where it is, it's somewhere that people are talking about like you just buy, you rip equity out, you buy again, you rip equity out, you buy, you oh, you hit a serviceability wall, throw it in a truss and you just like keep going. I've always understood that you have to have some type of income. I thought I was making decent income, I had a six property portfolio, and I was like, I'm feeling tight here. And I was like, I thought I was on good money, blah, blah, blah. And people think that you can just keep borrowing forever.

SPEAKER_02 19:09

Yeah, I get this all the time. Being a broker, clients will come to us with, they'll come to us with a plan that they get from a BA or something like that. And it'll be, uh, I just want to buy. This is this is I've heard this 50 times, hundred times, maybe. Clients come to me and they say, All I want to do is I just want to buy 10 properties a year over the next 10 years. And I'm like, no, like probably not. Good good, good idea. I like it. But I've done nine properties in you know, nine years, eight, nine years, and it's been me trying to do that with all my effort almost every single day, every year. And now I've got a business, business thankfully is going well, income's good, and I will, I could get number 10 now, but like just. And you know, it's for the average person that you know wants to buy 10 properties in 10 years, it's not really realistic.

SPEAKER_00 20:04

It's you know Can we harve it quickly? Yeah, as a broker, you're assessing someone what type of income, what type of capital do they need? Yeah. I want to buy, Billy, I want to buy five growth assets in the next three years. What income do I need to have? And what type of amount of capital do I need to have for you to be like, yep, sweet Jace, go for it.

SPEAKER_02 20:22

Depends what they've got in terms of owner-occupied debt and stuff as well. But if they don't, if they don't have an owner-occupied debt, then if you have, say, 250k income as a household or something like that, that's a good starting place. But you can normally get, say, six times your income. So that'll get you to about one point, what, 1.5 mil of debt. So that'd be, you know, three, maybe four properties, depending what you're buying for. But if you can increase the income over time, obviously you're getting rents as well, then you can add to that and also stuff like a lot of people don't realize SMSF is another good one. But, you know, if you're on a hundred grand household income, no chance you're doing much more than one property.

SPEAKER_00 21:04

You're talking 250 household income. You're pretty much doing three deals.

SPEAKER_02 21:08

Three, four properties you can do. So if each party is on, you know, 120, 125 each, something like that, and there's no owner oct debt, you could do four, probably make five happen over time, but that'd be you'd be doing well. You'd be doing well. Yeah. Whereas, you know, but when I say I had six on 140 as well, I was buying for 240, 350. So it's that's not around that much anymore. Yeah, the debt wasn't the same as what it is for today's dollars. But you don't need also, if you run I talk to a lot of people and I say when they say, I want ten properties, I say, All right, well, if you actually run the numbers on three seven hundred and fifty K properties, you buy those three properties and you hold 'em for thirty years, the results are insane. Yeah. It's like seven percent growth, six percent growth, it's over ten million bucks. You know, thank you. You can't go wrong. 30 years, you're fine. So you the first thing that to break down with a lot of these people that want to you know go ham and get 10 properties. I say, why do you need 10? So show them the numbers, what three or four will do, and then this is how you get to that three or four. This is realistic, you know, it's not going to be easy, but it's realistic over the next five years, four or five years. And then they're like, okay, cool, let's do that. So it works. It's just you don't need 10 properties to make things happen.

SPEAKER_00 22:28

And I one of the trigger points for me in my life, Jaleel and I sat down and we're like, okay, what type of life do we want? Right. And with clients, we normally say, sweet, what's your goal? Let's build a strategy for you to reach your goal. That strategy will have stages. Then what's the properties we need to acquire to fulfill the strategy? And then we'll just help you manage that over time. We wrote, I find the majority of people struggle to figure out what the goal is. Like, what type of life do people want? So they're looking at everyone else's life saying, Oh, I'll take a bit of that, I'll take a bit of this, take a bit of that. But we we sat down, wrote down, okay, what type of house, what type of area do I want to live in? What does it cost to l to buy it or to rent it? Right? That's a dollar figure per year.

SPEAKER_03 23:07

Yeah.

SPEAKER_00 23:08

Right? We want to go on one holiday per year. That's gonna toss 10 to 20 grand with the whole family, right? There's 15 grand per year to holiday. Bang. We wrote it all down. Back then, I realized we grossly under-earn the life that we wanted. So that was like, shit, I've got to do something about it. But it gave us a very clear goal of what to work towards. Okay, how do we increase our income to afford this type of stuff? And then we in there was property investing. But do you find a lot of people don't know what the goal, like what they're even doing this stuff for?

SPEAKER_02 23:36

Yeah, definitely. So a lot of people say they want 10 properties, and I'm like, well, 10 properties, if you could buy 10 properties in you know 30 years, it's gonna be worth 20 million or 25 million or whatever. But they don't need 25 million to have a good life. You know, if you get your asset base to five mil, something like that, and that's you know net, five mil, sell that, plug it into commercial or a high-yielding reszi, and you got your passive income. So you don't need to aim for this ridiculous figure of 20, 30 million. If you want to, then you can. But the average person that's working a job, trying to save money, buy properties, I think three, four, maybe five is all you need.

SPEAKER_00 24:18

And what when you say average, right? I'm putting I'm bringing it back to incomes because I think that's important in the scheme of serviceability. I think you've got capital, which is one lever, and you've got serviceability is the other lever. What type of incomes is normal these days? I I think I, majority of our clients are, I don't say high net wealth, but they're established business owners established in their career in early late 30s, early, early 40s, and they're like making what I would consider big money. What's average money these days?

SPEAKER_02 24:46

I think 80 grand is average, but I think there's a lot of people these days earning 100 grand. 100 grand used to be huge. I thought 100 grand was massive, you know, back in the day. People have six figures, yeah. Oh gosh. Yeah, exactly. 100 grand's decent. It's still decent, it's solid. So if you got two, like I was saying before, if you're on 250, you can get stuff done. But if you've got a household income of 200 grand, so you're both on 100, you can make things happen. You know, you you're not gonna have a massive amount of surplus cash. But if you're, you know, if you've got especially you've got family, kids, all that sort of thing, plus you're paying rent if it's rent in, you know, Sydney, your rent's a thousand bucks a week, there's a quarter of your income gone or a third of your net income. So that makes it harder, but you just gotta be diligent with your savings and your you know budget over time. And I don't like strict budgets either, because a lot of people come people come out with these really strict budgets on a spreadsheet, and there's just no room for, you know, I would say play money. I uh when I'd help someone do a budget, we do their budget, but then I will allocate a couple hundred bucks a week or at least 150 bucks a week, and like do whatever you want with it. Yeah, buy buy beers, put it in the pokies, cigarettes, vapes, whatever you want. Yes, it doesn't matter if you need it. If you don't do that, you're just gonna get sick of this ridiculously strict savings plan and you're gonna go off it. And you're not gonna blow just that 150 that you would have allocated to play money anyway. You're gonna blow the whole amount that you saved that week because you're gonna get sick of it and just go off the plan.

SPEAKER_00 26:21

Absolutely, man. Like you gotta have some some splash money or you you gotta what kills me, man, is like some some guys would go out for dinner, would go off for whatever, and they're like, oh no, mate, I've got a mortgage. I can't do that. So brother, why are you telling me you got a mortgage and you can't come for a drink or come for dinner, you know? Why are you telling me that? Yeah, it's because they haven't factored it in, you know? They're just like living to the and good on and forgiving a go. I'm not saying like that, that's bad, but like it there needs to be some type of planning with this type of stuff.

SPEAKER_02 26:49

Well, could be the fact that, yeah, they got a mortgage, but then they got a hundredk car loan, they got a 30k jet ski loan. So they're driving the raptor as well, exactly. My favorite. Yep. They got the raptor, they got the house, 100k, yeah.

SPEAKER_00 27:02

Yeah, and they're still going to Hamonton Island for the holiday.

SPEAKER_02 27:05

Well, exactly. So they think they should be able to, a lot of people these days think they should be able to buy the dream home and go to Europe every single year, and it's not fair because they can't do that. Yeah, it's life. That's life, absolutely. You can't do everything.

SPEAKER_00 27:18

Bro, what's your plan? Like we're we're talking about plans here, like people's to get three, get five, get ten, whatever. What's your plan with your portfolio? You've gone very hard before the age of 30. I mean you're you're loved up. I know you got a good missing. Um what's the plan for the portfolio and what are you building it for?

SPEAKER_02 27:37

I don't know so much about my future plans with the portfolio. I don't necessarily need to add many or at all to it, really, because it's at about 6.2 mil. And if I again if I compound that out over the next 20 years, it turns out pretty good. But what's pretty good? I don't know. Like off the top of my head, I don't know. Who's a mathematician? But um I'll tell you. Let's have a look. Let's go. So I'm going 6.2 mil. Yep. Let's go 6.5%.

SPEAKER_00 28:11

Growth rate.

SPEAKER_02 28:12

Yep. I'm 29. So if I say 30 years until I'm 60 or 31 years until I'm 60, that's gonna end up at 43 million.

SPEAKER_00 28:21

43 million dollar property portfolio if you do absolutely nothing from here on out.

SPEAKER_02 28:26

I don't need 43 million to, you know, I I'm as I know inflation's gonna change in the next 30 years, but I'm assuming I'm not gonna need 43 million to have a decent life and the debt will be gone by then as well. So even if I go 20 years until I'm what, 49, 50, it comes at 21.8 mil. So, you know, if you're adding to that, obviously that will increase.

SPEAKER_00 28:48

But I those are conservative numbers too, man. Because I think those the areas that you're I think will definitely grow faster than six percent. Yeah. Anyway, but yeah, some of that.

SPEAKER_02 28:57

So yeah, I I don't necessarily need to add more, but then again, it's you know what it's like, it's kinda we're in this every day. It's a game. Like, I don't hook it straight in with a manuker. I don't I don't have the need. I don't have any uh want when I was 20, I wanted to have 10 by 30 and probably will get there. You know, I could do it next week if I wanted to do that. When's your birthday? October.

SPEAKER_00 29:22

Can we celebrate October this year? You're gonna have 10 properties, 10 by 30.

SPEAKER_02 29:26

Yeah, maybe, but I'm not I'm I'm fine with not having it now. So it's you know, when we see good deals coming through for clients and stuff like that, that's probably I'll just end up doing one, you know, at some point. But I don't, I'm not trying to go from I've gone from you know zero to nine in the last eight, nine years. I don't want to go from nine to fifty in the next five, ten years. I don't have that. I mean if I do get more properties, it'd probably be I'll probably go into commercial at some point, start getting some, you know, two, three million dollar assets and stuff like that. Then obviously the value will build quicker. But because property's still the best place to store wealth and build wealth, I think. But I'm not racing to get you know from nine to twenty or nine to forty, fifty, anything like that.

SPEAKER_00 30:15

Let's not talk about then like the number of properties you got, but what's the plan for it in regards to like are you looking to it? It sounds like to me that you're looking to build it to have some type of cash flow, some type of passive income. Is that what you're doing? Like, what is your plan or strategy with the portfolio? Other than just like the goal.

SPEAKER_02 30:32

At some point, I'll probably sell down and go into you know commercial. And instead of having nine, I'd have two or three, something like that, lower maintenance, all that sort of thing, and better cash flow if you pick the right asset and stuff like that. But I'm in no rush to do that. I think for now, I'm just looking to build the business. Uh, and and when I say build the business as well, build the business or businesses, but also make them more sustainable. Because I don't, I don't think even if I get the portfolio to a cash flow point of view where I have passive income, I'm not gonna retire. What do I do? You know, if I sold them, if I look at the maths now, I could sell now and get three mil equity or something, go and buy a commercial, you know, what net 6% yield and have 180 passive income. What would I do? I'd be 29. I'd be bullied. Oh, well, I better go write some loans. So I may as well just keep doing what I'm doing.

SPEAKER_00 31:26

It feels like with your jobs, you don't let them go. You're still a you're a beekeeper at 16, you're still a beekeeper today, right? You started writing loans, you're still writing loans, you're doing a buyers agency now as well. Like it seems like you just you you love working.

SPEAKER_02 31:39

It's fun. Yeah. So I'm trying to last week, uh sorry, last year, I would have averaged probably 90 hours a week, 80 to 100 hours.

SPEAKER_00 31:48

You said that many hours in a week, Sean. That's a lot of hours.

SPEAKER_02 31:52

Maybe 140 something in a week. I don't know. But uh I that's too much. That's uh I don't want to do that forever. So I'm trying to now when I hire people in the businesses, it's not so much, and also part of that was because the businesses grew, like the lending grew from one to nine last year, and then the BA as well started that, and B's have been busy as well. So everything's been growing at the same time. I don't want to, and that's another thing in the in the businesses. I don't want to go from you know gone from one to I've got 13 staff in total now, but I don't want to go from 13 to 40 in the next year. I don't I want I want to get things sustainable, get the businesses working well, systems and processes and all the team trained up well so things run smoother, and I'm trying to cap my hours now, which sounds a bit ridiculous, but trying to cap it at 70 hours a week, and then I'll you know, try and cap it. So I've got Janine, who's my EA, every day she messages me and says, What's your timesheet for today? And I say what I've worked in, what business. So I can figure out where I'm spending my time. That's good, and then what I'm doing in that business. And then as I hire more people, which I don't want to double the headcount or anything, but when I hire more people now, it's to take stuff off my plate, not so much to grow the business. So I don't know if that makes sense, but so the plan is keep working because I like it, not as much as I've worked the last probably last three years. Because when I started the broking, I was doing bees, you know, 70 hours a week. And then I'd come home from work at five o'clock and I would write loans until 2 a.m. It was ridiculous.

SPEAKER_00 33:29

The way that you talk about the bees is so nonchalant. To me, that's the most fascinating part about you. How many bees do you own?

SPEAKER_02 33:36

Thousand beehives.

SPEAKER_00 33:37

Thousand bee hives. How many how many bees in a hive?

SPEAKER_02 33:41

There's depends how strong the hive is. I'd say 40 to 60, maybe 80,000 in a really strong hive.

SPEAKER_00 33:48

So I think 40 to 50,000.

SPEAKER_02 33:51

Yeah, yeah, yeah. So I think that's a pink. I don't know the maths exactly. I'd I'd say it's 50, 60, 80 million, whatever, you know, times that by.

SPEAKER_00 34:00

Your your bee portfolio way more impressive is good than your property portfolio.

SPEAKER_02 34:05

Yeah. So still doing the bees, got good staff that do most of it. Yeah. Uh, but I like them. It's a family business too. So yeah, keep I'm just trying to.

SPEAKER_00 34:16

I'd love to hear more. Like you're a bit of a social media influencer, I'd say. Hate that word, honestly. Yeah, yeah, go. Let's say social media content producer. And I'd love to hear more about the bees. I'd love to see more about the bees.

SPEAKER_02 34:30

You know what? I actually started posting TikToks about the bees, and then what did I do? Something. I had a bee page going, and then we posted a video catching a gowena up in the bush when we're on the bees, and we got uh the account got banned for animal cruelty. There you go. Yeah, so maybe there's a sign. So yeah, maybe we'll bring it back. Bring it back. Yeah, people love it.

SPEAKER_00 34:53

We I love the bees.

SPEAKER_02 34:54

It's fascinating.

SPEAKER_00 34:55

You're you're pumping out A-grade Manuka, Australian Manuka honey.

SPEAKER_02 34:59

Yeah.

SPEAKER_00 35:00

Like, that's like gold, that stuff, you know? You go to woolly's how much are they how much are they charging that? 50 bucks for a little thing.

SPEAKER_02 35:06

Yeah, it's manuka. Yeah, yeah, yeah. That's we aim for the manuker because it's, you know, price-wise, we can get a much higher price for the same amount of work as opposed. If we if we sell normal honey at a wholesale rate, it'll be five bucks a kilo, something like that. Manuka, you see it.

SPEAKER_00 35:24

How do you aim for you're saying you aim for it? How do you aim for manuka? Like it's like a gun.

SPEAKER_02 35:30

Comes off a certain plant at certain times of the year. So the manukas offer certain uh species of, it's like a it's a tea tree, it's a little heafy plant, grows along the coast most of the time.

SPEAKER_00 35:40

So you have to move your hives there.

SPEAKER_02 35:41

Yes. Okay, yeah. And it's very, there's not a lot of it in Australia, hence why it's rare. That's why it's expensive because it's it's rare. So there's there's not a big amount of manuker sites in this country or pretty much in any country. Many, many in Kofts? Yeah, we've got a few, but we're lucky that we just happen to be on a good place around Koffs, north and south of Kofts. But if you go inland, it's not really inland, it's within a few K's of the coast most of the time. There you go.

SPEAKER_00 36:10

So well, a bit of a detour on the bees because I want to hear more about it. But coming back to the portfolio and your your idea, what I when I'm interpreting that, it's it's balanced. Like some people like all out, they think their property portfolio is going to give them absolutely everything they want out of life. And I I I don't particularly prescribe to that. You're talking about balance in your um your business. You want to have your businesses sustainable, running without you, so it's not bottlenecked. You've got multiple businesses.

SPEAKER_02 36:37

I'm the bottleneck in everything. So bad. You are a bottleneck. Yeah, I am shocking. I'm the leads. Yeah, we've got too many leads. That's a strange problem to have. But with the lending, most of the time the issue is too many leads from online. They all come from online. Unreal, but yeah, unfortunately, I'm I have people and I hate it, but I got people in my DMs, you know, asking for help, and I can't get back to them. You're too busy hearing crank. I try, yeah. Exactly talking to you instead. Yeah.

SPEAKER_00 37:03

But you've you're you're having such a more holistic, and I think it's mature, right? And I think as you level up in life and in business and in wealth, you start to see levels. And you're you're talking the main thing you were talking about is getting your time back. You're working like a dog, you build to save up deposits to buy property. Now you've bought and built a property portfolio that will be worth 60 mil in you know by the time you retire. That's great. Now you're talking about creating your businesses that are sustainable to give you your time back so that you can live the life that you want. And that's everything why I wanted to get you on the podcast today is to talk about how you're using property as the vehicle to do that with the loans, with the BA business, with the Bs. But let's wrap wrap us up a little bit for the last two questions. What's your view of the property market as a whole in Australia at the moment?

SPEAKER_02 37:55

Well, it's a hard question because everyone says, what's the property market doing? And as you know, there's no property market, there's no Australian property market.

SPEAKER_00 38:02

Well, niche it down for us, niche it down to us in what you know and love.

SPEAKER_02 38:05

Yeah, so it depends. I think, well, most of the property market's actually uh booming. It's doing well. Yeah, you know, and I think a lot of the reasoning for that is stuff like the we've got mass immigration, but also government first home buyer stimulus last year just put a rocket under everything. And they put out that study that said Albo said this first home buyer guarantee, you know, unlimited spots, all that, upping the price caps everywhere. He said, this is gonna, they released a report. They're done a study. They probably paid millions of dollars for this study. The report said, Did you see it? It said it said this scheme is gonna impact house prices over the next three years and it's going to make house prices grow 0.6%. Mate, it did 0.6% in three days. At least, at least. So it's done in a lot of the affordable areas that we're looking at, you know, for buyers agency clients and just in general clients that are buying throughout lending around the country, the affordable areas are the ones that have been hit the most because the first home buyers are buying there and investors. And there's areas since October that have done, mate, 60 grand in a two, three months on like five, six hundred purchases. We're trying to buy properties at the moment for clients in areas that are going. We put an offer on for 520 grand, they'll go for 620, 100 grand over asking price on$500,000 properties. First home buyers, investors, and the big one are the buyers' agents. Everyone, everyone's into it. Okay.

SPEAKER_00 39:35

So um, mate, some people on the internet have called you the slum lord of Sebastopol. How's Sebastopol going?

SPEAKER_02 39:43

Mate, Sebastopol's unreal. Have you seen the graphs?

SPEAKER_00 39:46

I haven't seen the graphs on TikTok itself.

SPEAKER_02 39:48

I'm going to go. But tell us about it.

SPEAKER_00 39:49

What's happened there? Like I'm I love Sebastopol. I've been in you know buying in there for a while now.

SPEAKER_02 39:55

But um well, back in we started buying there in 2024, and I was doing I I know I announced I announced the buyers agency business only about two months, three months ago, you would have seen it. Yep. Uh but we were doing it for the last probably 12, 18 months before that.

SPEAKER_00 40:11

In the quiet of the business.

SPEAKER_02 40:12

Just in the quiet, and just because the the leads just come from our lending clients that would come to us and say, Hey, can you be our buyer's agent? And at first I said no. And then what happened was I'd say no, so I'd do their loan, but they'd go and use someone else as a buyer's agent. Obviously, sometimes they'd come back with a property that was really good, use a good buyer's agent. Sometimes they'd come back with a property that was really shit, really bad, and they'd say, What do you think? And I would say, you know, I probably wouldn't buy this. So they they crashed the contract, and then I'd find myself for the next, you know, week helping them buy a property for free. And I thought, well, they came to me wanting to pay me. I said no, they went and paid someone else, and they crashed the contract, they lost their retainer, so they still paid someone else, and I did it for free, and I got two grand for their line, but I did 80 hours of work. So we started doing that, and we were buying, yeah, in Sabass in from, I think the first time was April 2024. Yeah, it would have been April 2024. And it was just well, the graph back then, you'll remember what the graph was. The graph was going down, but like colds. Yeah, it was. It was it was, mate, it was down, down, prices were down. But it was I watched it for uh well, the last few years, not just Sebastopol, but Vic in general. And it had been coming down for a few years, or not a few years, probably 18 months, something like that. You probably know better, but probably about 18 months. And I thought, and this was not in the data, and we've spoken about this. Everyone looks at the data. The data tells you stuff, but the data's lagged by three, four months, something like that. Sometimes sometimes more, yeah. So a lot of the time the graph will be going down, as we've spoken about it. The graph was going down at the end of 2024, but Sebastopol was booming and and Vic in general. A lot of areas were booming, but the graph was still coming down each month because the data's so old. So you've got a lot of experts online that rely on just data, data, data, which I know you actually get on the ground and have a look, which is what you've got to do. So all those guys that were going data, data, data, when I'm buying in Sebastian, I'm putting, you know, I'm putting TikToks up talking about it, I just ripping the shit out of me.

SPEAKER_01 42:21

Cough Tabor. What does it know?

SPEAKER_02 42:23

Yeah, going on about how bad it is, whatever. And calling me an idiot. There's a video that I done on TikTok that got, I don't know, 300,000 views or something. And there was probably a thousand comments, and 900 of them would have been negative. But the market there since it bottomed out has probably done what, 30, 40 percent in 18 months. Yeah, like there's properties there that we bought for clients now that are valing up at 150, 180 grand more than what we bought them for. I know. So they can pull equity out and just go again. One more, two more, whatever.

SPEAKER_00 42:55

It's the the data and the research is definitely important. I don't want to like shit on it at all, but you have to have qualitative and quantitative data.

SPEAKER_01 43:02

Yeah.

SPEAKER_00 43:03

And getting on the ground and understanding what's happening with actual deals and who's buying and is active in the market tells a very different story to what the data four or five months ago was telling, especially if a market's moving. I remember, um, but the majority of the markets that I've ever bought in, it's people have always said, I don't like this market.

SPEAKER_02 43:21

Mate, the first time I heard about you was because I tried to buy a property in Sebastian and the agent told me that Jace Titus just bought it. Said, who's that?

SPEAKER_00 43:31

Why have you done that?

SPEAKER_02 43:32

Then I went, Oh well, at least he's looking at good stuff.

SPEAKER_00 43:35

So and but that's honestly back then, it was like it was difficult to show clients um yeah, well, what what the value in it? But um, it's interesting to like that has happened a lot, and even just people's perspective about what Perth was years ago, all that type of stuff.

SPEAKER_02 43:54

Dude, remember how much everyone hated Logan? Right, people hated Logan. Oh, Ipswitch, and then that that pumped. And then everyone was couldn't afford it.

SPEAKER_00 44:01

And then they moved to Perth and everyone hated Perth and then.

SPEAKER_02 44:04

But everyone wants to buy it after it's just boomed. I see these buyers agents buying in Logan now. And I'm just like, why didn't you do it five years ago? Yeah. You're making videos five years ago saying it was just shit. And you're buying that because it's tripled.

SPEAKER_00 44:17

But it is very, very interesting of like when markets move and how it moves, right? I always like to look at like what's the infrastructure spend, what's the population growth, what the average income is going on the area. Low building approvals, that's like a little recipe. There's a bunch of other things behind it. But then also you talk to the agents on the ground of who's buying what, who's active, blah, blah, blah. And that will tell a very, very interesting picture, right?

SPEAKER_02 44:39

Yeah. Um it's the agents on the ground. And when you, whenever I go into an area, you probably do the same. But I will shortlist just on realestate.com hundreds of properties in an area. And I'll be shortlisting them for five, six months before we start buying there. And what you'll see when the market's weak is price reduction. You get the notifications. It's like a social media for me, I guess. Realestate.com. Yeah, price reduction. 106 Smith Street, you know, went down 10 grand, whatever. And then what starts to happen is, you know, you see how quickly they're selling. And then suddenly you'll be seeing properties go from getting price reductions to you'll see that 106 Smith Street sold for 10K above asking price, and then it sold for 20K above asking price, and then it sold in three days after it was listed. And then you go, okay, it's hot. It's moving. But the data won't be moving at that point. They'll be doing nothing, it'll be going the other way.

SPEAKER_00 45:25

It still takes two, three months for those properties to settle and for the data to get captured. And and man, like I I could go on about this for so long. I'm gonna say one more story about it because it was just literally this week. A client calls me and says, Hey, I want to buy a place in Weraby.

SPEAKER_01 45:40

Yep.

SPEAKER_00 45:40

Right? I've seen one online for$5.20, right? And I'm like, bro, uh, I already know this is in the birdcage. I already know exactly the type of house it is. I haven't even looked, I don't even look online anymore, but I already know.

SPEAKER_02 45:53

Was it Wereby or Wendere?

SPEAKER_00 45:54

Wereby. Yeah, yeah. Is it?

SPEAKER_02 45:56

I thought you were gonna say Wendere A and it's in Wendere West. Oh, that's a good one.

SPEAKER_00 45:58

That's I've had that multiple times too. Client calls me about it, bang. I end up saying, yes, I've seen it. I know the property, I know the area. Don't even look at it. It's got buddy 40% state housing, da da da. Find out from an agent later on. Oh man, I've seen that one you listed in Wendere West. Who'd you sell it to? Sold it to a bear. Yes. Um, but that's another story in itself. Anyway, the Weruby property, he tells me the price. I say, what shred is it on? Yep, it's in the birdcage. What's that? Oh, like this guy was about to buy it. It was like minutes away from buying because I keep telling him, make you up your budget if you want to be buying in this area, because I don't want to be buying you trash. And then he's he's scrolling through real estate.com is excited and he wants to look at stuff and blah blah blah. No worries, bang, it's in the birdcage. I didn't know that, right? This but the data would show that a house, let's say that house, I don't think it'll sell anywhere near that price point. I think it'll sell for way over that, probably 100 grand more. But let's say that sells and it's like that data is in the Wereby data, right? And that pulls it down from a nice three-bed, one bath on the right side of Wereby that's probably worth 700 grand. And you're like, well, they're not the same property, and that's where you need some type of boots on the ground. So, like, but there's places in Crenella that I would live, there's places in Crenella that I wouldn't want to live.

SPEAKER_02 47:18

Well, it's even especially in the lower Socio suburbs, they're fine. I'm all for, you know, lower Social suburbs. Obviously, I made money in Ipswich, Rockingham, all that. But you want to pick out the better pockets of those suburbs because there's always pockets of them that are pretty good, and then there's pockets of them that are the reason why that suburb has a bad name. Yeah. And you know, you go there and you don't want to get out of your car and there's companies on blocks in the front yard and all that.

SPEAKER_00 47:42

You'd be all right, bro. You're from cops. Yeah. You'd be fine. Um, but yeah, I definitely agree, man. Like I think the property market is very interesting. I think the um investment markets are pumping. I think what's happened with immigration, all that type of stuff, will see strong growth in the right areas. Uh, I think what's important is uh buying the right property in the right price. I think that's important. I know you guys are doing a really good job at doing that at the moment. Can you wrap us up with uh uh expectations? I've got a real B in my bonnet, I want to talk a little bit more about this. Yeah, um I find that young lads or majority of the people that I talk to are like late 30s, early 40s, guys who have got this immense pressure to either own a house or to have some type of um notch on their belt when it comes to property in this country. You go to a coffee shop in the morning, it's five o'clock, I've just gone for a run, or we're just about to go for a run, and it's like everyone's talking about it's all guys in there, or I should say it's a majority guys in the coffee shop talking about property, talking about the pressures, the prices of this, of that. Like um they say that the biggest killer for guys under 40 is suicide. And I don't know if if the pressure of it is linked, but you are like the the quintessential uh Aussie Battler, right? You're from a country town, you're busting your ass working from a young age farmer, right? And there is I don't know, do you see that there's this type of expectational weight?

SPEAKER_02 49:16

I think there's a lot of people these days feel like they have to show that they're doing a lot more than they are. And I think that the biggest sign of that, obviously a house is a big sign of it, but cars as well.

SPEAKER_01 49:30

Oh, yeah.

SPEAKER_02 49:31

Everyone has to have a new car. I it drives me mad when I see someone on Instagram or whatever it is, Facebook, they post their new car and everyone congratulates them. And I'm like, he's just gonna leave a hundred thousand dollar loan. He's an idiot. Like I would I've posted a comment and saying, You're an idiot, then congratulations, well done. So I think I I've never felt that. I've until this start of this year, start of January. We've had work ute and stuff like that. But my personal car was a 2007 Holden Rodeo that I bought when I was 17. So I drove that from 17 to 28.

SPEAKER_03 50:05

Yeah.

SPEAKER_02 50:05

And it was fine. It was, you know, I didn't care. A lot, a lot of me mates when I was you know 21, 22 were saying, when are you gonna upgrade your car? And I'm like, buying a house instead, mate. Yeah, and but they you can't see that. So they think that you're doing well if you have any car. And same with the house. One day I think I'll get a decent owner rock, might build one, might buy one, whatever. But I don't think, you know, if you can get over the ego part of needing to have that early, like I've done, like you've done, and invest your money elsewhere, and you can actually get a much nicer owner rock down the line because of what your investment properties have done for you. Totally. So I think if you can, you know, drive, you would have heard it before, but drive the cheapest car your ego can bear with. And, you know, in terms of the owner, you don't need the four-bed, two-bath north facing property in Bondi at 25.

SPEAKER_00 51:03

Yeah.

SPEAKER_02 51:03

Freestanding out. Like, and it's not gonna happen. So you see people crying because they can't afford to get into the housing market. Yes, you can go and buy an investment property first and then come back and try and buy in your Bondi or your Kuji or whatever when you've got you know 10 years of equity growth in your investments.

SPEAKER_00 51:20

100% agree, man. Like this this market in Australia, property market in Australia has changed so much. From I I find that it's sometimes, maybe this is my world, the expectations from the in-laws, the grandparents, something like that, that is like they're playing a they were playing a different game to what we have to play now. That's where the expectation comes.

SPEAKER_02 51:39

And it's just like Well, the Australian dreams, you know, owner ock, pay it off. But if you want to build wealth, you don't want to be paying debt off. No, you don't want to pay your own rock off over 30 years. You want to go and get three more properties, get them in the market, and then have them double in 10 years, and then you can buy, you know, your owner rock with very little debt, or if you've already got it, potentially pay the loan off with a couple of investment property sales.

SPEAKER_00 52:01

What a lifestyle means. What a lifestyle.

SPEAKER_02 52:03

You gotta if you sacrifice the ego short term for you know the ego that makes you look wealthy short term, down the line, you genuinely actually will be wealthy. Easier said than done for a lot of people.

SPEAKER_00 52:17

Play the long game, play the long game, play the long game. But I I I haven't well now I'm having a uh a podcast talking about this stuff. Previously, I never spoke about any property portfolios, uh property purchase that I did. I never put on Instagram, did this, did like I'd I just want to live my life with my three girls and just like enjoy my time with them. If I had none of it, I'd still want to just spend time with those three girls and that's it, right? If it's under a bridge or if it's at a mad joint here in Cornella, happy days, right? Um, but Billy, thank you so much, bro. You're taking us through bees, you're taking us through properties, taking us through rodeos. Um, man, it's been unreal talking to you. I'm looking forward to what you guys, what you're gonna do this year. So thanks so much for joining us.

SPEAKER_02 52:57

No worries, mate. I'm looking forward to see what you do as well. Things are uh shooting up, aren't they?

SPEAKER_00 53:02

It's been a it's been a wild ride. So no, I appreciate it.

SPEAKER_02 53:05

All right, mate. Thank you.

SPEAKER_00 53:07

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