Season 4, Episode 65: Why Rentvesting Could Be Your Key to Owning Multiple Properties

OpenCorp client Matt details his journey from running a business to building a diverse property portfolio, emphasising long-term planning and overcoming scepticism. Matt shares his "light bulb moment," when his property portfolio outpaced his clinic's income.

Introduction:

• Matt transitioned from podiatry to property investment after realising his property portfolio was outperforming his earned income.
• He highlights his experience managing three podiatry clinics before entering property investment full-time.

Light Bulb Moments:

• Matt's "aha moment" was seeing his property portfolio’s growth surpass his business income.
• He addresses misconceptions about property investing, such as it being only for the wealthy, emphasising affordability and strategic planning.

Personal Journey:

• He and his wife Kristy began as "rentvestors," renting in Melbourne’s affluent Bayside area while investing in properties elsewhere.
• They overcame common concerns like holding costs and tenant issues by working with OpenCorp.

Property Portfolio Development:

• Matt started investing in 2020 with properties in Brisbane, achieving significant growth.
• He expanded his portfolio with properties in Perth despite challenges like construction delays, later benefiting from substantial rental yields and price appreciation.

Family and Mindset:

• Matt didn’t inherit investment knowledge but cultivated an abundance mindset through business coaching and learning.
• He advocates for setting clear goals and timelines, such as building a portfolio to generate passive income and eventually fund a dream home.

Transition to OpenCorp:

• As a property strategist, Matt applies his background in problem-solving to help clients achieve financial freedom.
• He emphasises the value of expert guidance, comparing OpenCorp’s role to that of a coach or personal trainer for property investment.

Advice to New Investors:

• Matt encourages starting as soon as possible, addressing fears by seeking expert advice.
• He underscores the importance of leveraging data-driven strategies rather than relying on anecdotal research or hesitation.

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