Something i really liked from this was how Simon said ‘it’s not a race’. It’s true, I’ve always wanted to achieve my goals quickly and I would get a sense of jealousy when I saw someone achieving more, but there’s always going to be someone making more money or a bigger portfolio etc. Everyone gets dealt different hands whether its your families financial background or the opportunities you get presented with earlier in life. It’s your job to do the best you can with your hand. It’s not fair on you or anyone else to compare. Focus on yourself and what YOU can do for yourself and those around you.
@@kurts9085 Yes that is somewhat true, the market can run away from you but there will always be deals no matter what. People who say there are no more deals are the ones that make excuses. Even if you have no money you can always start somewhere. Learning the skills to find deals and wholesale to others, Joint Ventures where a partner puts in the money and you contribute with your knowledge. Even working at a real estate agency and learning the game that way. There is always a way if you want it bad enough.
Great interview and so grounding seeing how modest and honest Simon is. I feel like the next phase 42+ will be selling some properties and investing into high yield ETFs to free up time with managing the portfolio
Interesting to hear Simon talk about 3-4 bed properties not feeling challenging enough for him anymore. I was wondering if I had gone mad on my own journey having got to quite a few (not Simon’s level) but every time I get another it’s like, ok, that was easy, what’s next?
@@cryzz4627 yeah basically mate, my formula was existing houses, in established capital city areas on as larger block of land that I could afford. At least for the first 4 or so properties, then you can get cute with diversifying (commercial, developing, grannies etc)
Hey mate, great question the below ep with Jeremy will open up a lot of answers to those questions: Endless Borrowing! Accountant Reveals How Investors keep Growing - With Jeremy Iannuzzelli ruclips.net/video/dFQlkoB6U7I/видео.html
Hi gents, just wanting to clarify, when you say passive income. Is that from properties that are positively geared? Or perhaps from the equity growth over time? I’m new to this, wanting to set some goals.
Its easy to say when you are buying in 10 years ago but it will be hard for younger nitizens with current price hikes and getting loans . Kuddos to those who have bought since 2010 ..onwards ... Nice sharing. Though !
There’s always going to be hurdles to over come when building a portfolio bro, don’t let the perceived “ease” others may have had stop you from building something amazing starting today 😊
The question I'd have loved is (maybe it was asked), is why not commerical (sounds like the core/only focus is resi), that $2 mill goal could be achieved with 1 or 2 (inset number) commerical deals unencumbered worth $35 mill netting 6% fascinating folks ideas around different approaches though 🤙 Arghh yep addressed 😅, I don't 100% agree with the risk associated with vacancy, comes down to the asset type but he does own ~80 😎
His mortgage broker is Michael Xia, he says it in the smart property podcast ruclips.net/video/NIlMA6ukouA/видео.html. They both have massive portfolios
His mortgage broker is Michael Xia, he says it in the smart property podcast ruclips.net/video/NIlMA6ukouA/видео.html. They both have massive portfolios.
Very achievable just comes down to ones drive and means, both can be developed so worthwhile for those starting and looking to kick to the next level 🎉
It's great when prices are going up, but this guy has never lived through a down turn. I doubt he will survive when it occurs. That many, that quick is as stable as a house of cards.
Surely you have an estate plan and Will that stipulates what happens if you were to pass. It is often overlooked but with such wealth he should get some things in place
Do you realise that he is providing housing to the community, and helping government doing their job and hence getting tax concessions only rather than subsidies. Good on you Simon.
I have a question hopefully someone can help. I am looking to wholesale real estate in Australia. I know it’s common practice to do it in the United States but was wondering if anyone knows how it works in Australia.
Let's start with discussing how much debt is behind these properties. Always keep hearing about a property portfolio value or the cash flow but nobody discloses how much debt is behind these numbers.
If they can service the debt then there’s no issue with it, cash flow is what allows them to borrow so much especially in terms of commercial real estate
What do you prefer using the banks money to build yourself wealth or putting down $millions of your own cash lol Debt has turned the average Joe into billionaires through real estate
What does every investor who has 10+ properties have in common - They all started Pre-boom and the rest is made simple - Try buying 40 from scratch in todays market
Pre which boom? 2020 boom of most of Aus? 2017 boom in Tassy? 2014 boom in Sydney? 2007 boom in Perth 2000 boom in Adelaide I can go back another 30 years at least, everything is pre boom until we have our next one mate, don’t get annoyed you missed a boom get ready for the next one bro 😊
Would love an episode on how these residential property investors are creating artificial shortage of supply, which is causing the housing market to be unaffordable for future generations. I mean owning 150 property by single person, just shows how much it will cause property supply crisis. Would love to understand your perspective on this topic.
@@pizzaandproperty1246 It is demand and supply. One person owning 150 properties will reduce supply in market causing price to go up. Now, there are 149 people who need house but they are not in market, and thus people are willing to pay more for substandard house. I know there are other factors as well, but demand-supply are major contributors.
You have Simon on your podcast at lot, but PLEASE keep him coming back regularly. Love listening to his journey :)
Something i really liked from this was how Simon said ‘it’s not a race’. It’s true, I’ve always wanted to achieve my goals quickly and I would get a sense of jealousy when I saw someone achieving more, but there’s always going to be someone making more money or a bigger portfolio etc. Everyone gets dealt different hands whether its your families financial background or the opportunities you get presented with earlier in life. It’s your job to do the best you can with your hand. It’s not fair on you or anyone else to compare. Focus on yourself and what YOU can do for yourself and those around you.
Except it is a race. The whole property market is a big monopoly board. If you won't or can't buy someone else will instead of you.
@@kurts9085 Yes that is somewhat true, the market can run away from you but there will always be deals no matter what. People who say there are no more deals are the ones that make excuses. Even if you have no money you can always start somewhere. Learning the skills to find deals and wholesale to others, Joint Ventures where a partner puts in the money and you contribute with your knowledge. Even working at a real estate agency and learning the game that way. There is always a way if you want it bad enough.
Hi Todd , this gentleman is really " intriguing " like you said . I love to go into real estate . I like it when he says ," it's not a race ".
Great interview and so grounding seeing how modest and honest Simon is.
I feel like the next phase 42+ will be selling some properties and investing into high yield ETFs to free up time with managing the portfolio
Interesting to hear Simon talk about 3-4 bed properties not feeling challenging enough for him anymore. I was wondering if I had gone mad on my own journey having got to quite a few (not Simon’s level) but every time I get another it’s like, ok, that was easy, what’s next?
Hey mate when you started were you always aiming for 3/4 bed 2 bathrooms ? Thank you
@@cryzz4627 yeah man houses on as big block of land I could afford in capital city locations was how I got started
@@cryzz4627 yeah basically mate, my formula was existing houses, in established capital city areas on as larger block of land that I could afford. At least for the first 4 or so properties, then you can get cute with diversifying (commercial, developing, grannies etc)
I was hoping there would be discussion on what structures were uses to buy the properties? And how structure choice affected borrowing capacity.
Hey mate, great question the below ep with Jeremy will open up a lot of answers to those questions:
Endless Borrowing! Accountant Reveals How Investors keep Growing - With Jeremy Iannuzzelli
ruclips.net/video/dFQlkoB6U7I/видео.html
Hi gents, just wanting to clarify, when you say passive income. Is that from properties that are positively geared? Or perhaps from the equity growth over time? I’m new to this, wanting to set some goals.
Great ep mate. Insightful and Inspirational!!! Thankyou
Very inspiring
Really makes you questions what we're actually capable of 🙂
Legend very inspiring
Epic! Very inspiring 🏘️
Its easy to say when you are buying in 10 years ago but it will be hard for younger nitizens with current price hikes and getting loans . Kuddos to those who have bought since 2010 ..onwards ...
Nice sharing. Though !
There’s always going to be hurdles to over come when building a portfolio bro, don’t let the perceived “ease” others may have had stop you from building something amazing starting today 😊
The question I'd have loved is (maybe it was asked), is why not commerical (sounds like the core/only focus is resi), that $2 mill goal could be achieved with 1 or 2 (inset number) commerical deals unencumbered worth $35 mill netting 6% fascinating folks ideas around different approaches though 🤙
Arghh yep addressed 😅, I don't 100% agree with the risk associated with vacancy, comes down to the asset type but he does own ~80 😎
Great episode!! Todd I'm curious who Simon uses as a mortgage broker!!
Would also love to know!
His mortgage broker is Michael Xia, he says it in the smart property podcast ruclips.net/video/NIlMA6ukouA/видео.html. They both have massive portfolios
His mortgage broker is Michael Xia, he says it in the smart property podcast ruclips.net/video/NIlMA6ukouA/видео.html. They both have massive portfolios.
3:20 His mortgage broker is Michael Xia, he says it in the smart property podcast ruclips.net/video/NIlMA6ukouA/видео.html
Very achievable just comes down to ones drive and means, both can be developed so worthwhile for those starting and looking to kick to the next level 🎉
It's great when prices are going up, but this guy has never lived through a down turn. I doubt he will survive when it occurs. That many, that quick is as stable as a house of cards.
Could you link the episode where Simon speaks on grannies?
Surely you have an estate plan and Will that stipulates what happens if you were to pass. It is often overlooked but with such wealth he should get some things in place
Excellent episode as always.
The editing and transitioning is impeccably smooth. Do you do it yourself, Todd?
Did you work at video easy?
Property investing needs to be taxed higher incrementally to promote people to actually invest in things that will help the economy.
Do you realise that he is providing housing to the community, and helping government doing their job and hence getting tax concessions only rather than subsidies. Good on you Simon.
I have a question hopefully someone can help. I am looking to wholesale real estate in Australia. I know it’s common practice to do it in the United States but was wondering if anyone knows how it works in Australia.
Let's start with discussing how much debt is behind these properties. Always keep hearing about a property portfolio value or the cash flow but nobody discloses how much debt is behind these numbers.
If they can service the debt then there’s no issue with it, cash flow is what allows them to borrow so much especially in terms of commercial real estate
What do you prefer using the banks money to build yourself wealth or putting down $millions of your own cash lol
Debt has turned the average Joe into billionaires through real estate
Yes just a quick drop of the LVR would be insightful. Thanks.
He’s probably sitting at about 15 million dollars plus in debt but that’s how he makes his money
He says that hes building to 150, so that he will have 80 fully paid off. Then cut down to 80 for a $2m passive income
What does every investor who has 10+ properties have in common - They all started Pre-boom and the rest is made simple - Try buying 40 from scratch in todays market
Pre which boom?
2020 boom of most of Aus?
2017 boom in Tassy?
2014 boom in Sydney?
2007 boom in Perth
2000 boom in Adelaide
I can go back another 30 years at least, everything is pre boom until we have our next one mate, don’t get annoyed you missed a boom get ready for the next one bro 😊
I dont understand why, gimme 5-10 ones throwing off a mill cashflow 😂 but if that's the goal that's the goal 🤷😂😛
What a gun
Would love an episode on how these residential property investors are creating artificial shortage of supply, which is causing the housing market to be unaffordable for future generations. I mean owning 150 property by single person, just shows how much it will cause property supply crisis. Would love to understand your perspective on this topic.
If one person owns 150 properties or 15 people own 10 each or 150 all own one each, how does that change the price?
@@pizzaandproperty1246 It is demand and supply. One person owning 150 properties will reduce supply in market causing price to go up. Now, there are 149 people who need house but they are not in market, and thus people are willing to pay more for substandard house. I know there are other factors as well, but demand-supply are major contributors.
Somebody has to own them.
And they’ll all be rented out.
It provides rentals which there is a shortage of
"How to demonstrate to everyone that you're clueless"
@@pizzaandproperty1246you did one on this mate with Cam Murray cracker of an episode too ❤🎉
in order to get there, you need a massive working wage too.
Yeah 100% you’re not doing this on $65k per year
@@pizzaandproperty1246 probably like 500k a year to handle the cashflow drag.
Possibly yeah, this is a level that 1% of the 1% will reach so it fits you’d need to be earning 1% kinda money
The exciting part is coming and it is the recession, i wonder what is he going to do to keep all his properties. 😊
On top of a pile of money with many beautiful ladies 🤣