 Alright you guys what is going on welcome back to another video today's video is going to cover a topic that is near near and dear to my heart it's a topic that I have been interested in for years in fact you know since I can remember I was interested in this topic and how to create wealth through property investment the reason I was into it so early at thinking back now you know I'm 27 now I've bought a couple of properties but thinking back you know when people do ask me okay how how did you first get involved with property why did you start looking at property for an investment opportunity you know who got you into property and that was my dad alright it was seriously my dad from from an early age he hustled he really did you know he's on average income his whole entire life he never had anything special but he put every single dollar he made into property either buying a property and holding or buying a property putting money into it and then and then flipping it so early on you know we we moved different how to different house after different house because obviously they were they were just moving up in the ranks you know buying this property doing it up a bit selling it buying a more expensive property doing it up a bit selling it so that was their strategy when they broke up everything got split and basically you know it all got halved and any dreams that they had my my parents of owning multiple rental properties you know having a life of financial freedom was cut short unfortunately due to the divorce so regardless of that early on I got the notion of property investment I got the notion of being able to make money through property I started thinking about interest rates I was good at maths when I was a kid so I started calculating interest rates I started calculating how much this would cost to pay this mortgage as opposed to how much I'd get for rent and I'd start working out well shit I could if I had $20,000 you know as a 10-year-old I was thinking shit if I had $20,000 I could buy that property I could rent it out I could make money each week and I could save another $20,000 and do the do it again and do it again and do it again I mean at that point I didn't realize that once you did gain equity in a property that you own you can actually use that I mean you can refinance that property take the equity out without having actually used any of your own money and and go on by another property so once you've got that first one things change and thinking about that you know people seem to get to that first property that that one investment property and stop especially in Australia I think something crazy like 85 or 90 percent of all owners of residential investment property in Australia have only one investment property I think something like five percent have two three percent have three and I think one percent have four or above something crazy like that so you know statistics are fine but let's let's look at that for a second what is happening people are buying one possibly making the wrong decision and not being able to continue with that property dream you know that I'm talking about to buy multiple properties if you make that wrong decision on the first one you can really really set yourself up for five to ten years of just chasing your tail so regardless of that that's how I was introduced to the property market that's how I started doing figures in my head that's how I started imagining my financial freedom my financial dream and so when it came time to leave school and get a job I was just like the rest of you at 17 18 I had all this knowledge I just had no money okay my parents were not gonna buy me my first property they were not gonna buy me my first car they were not gonna buy me my first anything and I think those fundamental values and the way that brought me up definitely set me up for a good future a good financial future or at least a good financial understanding of money and the value of money so left school I I couldn't see I couldn't see myself buying a property within the next couple of years my my you know income wasn't very good I was just out of school when I thought you know what what's the second best option a car everyone wants a car when they leave school so I bought a car I bought it on finance okay I was pretty pretty good with my money I'd saved up a little bit I had my job for a year I was 18 I was eligible for a loan so what did I do I went and got a loan bought the car it was a fantastic car fucking loved it probably had about three months worth of good times lo and behold was all eight what do all 18 year olds go and do when I've got a nice flash car they go and crash it well unfortunately guys I wasn't able to escape that either so I crashed my car I rode it off I had no insurance so by age 19 I was in New Zealand I had my shitty job I had a $10,000 loan for a car that I didn't have I'd lost my license so I couldn't drive anyway and you know everything was everything was just going south everything felt like everything felt like it was you know the whole world felt like it was against me to be honest especially that car thing at the age of 18 having such an awesome car having some great times in it and then riding it off and having nothing to show for it having a shit job having a $10,000 loan and not even knowing how the hell I'm gonna pay for it it was pretty depressing so what do I do I say fuck it to the loan I say fuck it to the house I say fuck it to all my financial dreams and say you know what I'm going to uni because it's the easy option okay I always thought I'd go to uni but I didn't know what I wanted to do so at age 19 with my debt etc I was still living at home I couldn't move out I had no money I went to uni four months later I'm 19 I'm about 19 and a half four months later I decided no uni's not for me so I quit uni I decided no there's too much opportunity cost that I'm missing out on here if I spend three or four years at uni come out of it with the degree that I don't even want to use I'm gonna be in a worse position than I am now so I had to make that decision early which was not easy it was hard because I still I came out of uni with a debt as well so I had my $10,000 car loan and for a car that I didn't have and I had a $10,000 uni loan for a degree that I didn't have so here we are $20,000 debt a shitty job well no job actually because I quit my job to go to uni I left uni tried to get my job back couldn't get my job back mate it was it was shitty times and then comes the big turning point in my life where I moved to Australia I moved countries at the age of 19 I left all my friends all my family and moved from Christchurch in New Zealand and moved all the way to the middle of Australia to Alice Springs where I where I still am today unbelievably eight years later or just about eight years later so I've been in Australia now for seven and a half years and it took me probably a good three years to get my feet on the ground and to get those debts that I had paid off and to start getting you know off the week-to-week cycle because you know being week-to-week guys you just can't see a future you can't see any sort of financial future living week-to-week on a paycheck scraping through to that next paycheck and unfortunately until you do what I did you're gonna stay in that situation you're gonna stay paycheck-to-paycheck you're never gonna be able to save any money you're never gonna be able to buy property and you're just gonna accept that life well you don't have to all right you don't have to before I go on I'm not a financial advisor take what I say as entertainment and on face value because this is my experience is what I've done but you know these things that I'm trying to tell you that my experience I'm hoping hoping that I can really connect with some of you guys out there and help your dream of financial freedom start all right because that's what we want to do we want to get financially free so we don't have to work every single motherfucking day for the rest of our life okay so anyways I came to Australia took me three years to get my to get my feet in the ground here I am in Australia as a 23 year old no money still no money in fact all I had was deck I had a credit card which was maxed out and I was still doing administration jobs so all of my jobs up until I got up until the point that I got my current job right now I was doing admin so I was doing computer work I was printing photocopying emailing Excel spreadsheets all sorts of shit like that I'm a fast typer so it worked but the reality is I was never ever going to get paid anywhere over $50,000 a year and for me to buy a property as well as live as well as save money as well as go traveling do everything I wanted to do it wasn't going to work so I had to take a leap of faith I had to leave the job and the industry that I was very very comfortable in and I started disability support work believe it or not so four years ago guys I started disability support work over four and a half years ago and it was the best move I ever made it really was not only the job I enjoy it but but let's not beat around the bush the reason I did that was for financial reasons so I entered into this job with no expectations all I knew was that I was keen to work I knew that I could get penalty rates for Saturday Sunday and night shift it was a shift work position I'd never done shift work I'd never done 12-hour shifts but what appealed to me was the fact that okay well if all I want is the most money possible I can get overtime for doing weekends I'm quite prepared to do that I can get overtime for doing night shifts I'm quite prepared to do that and if I was to do just four of the seven days a week I'd have 48 hours in the bank that's 96 hours per fortnight each fortnight you get paid a salary on 76 hours anything over that you get paid overtime plus it was a government job which is the reason why you get all these penalties and overtime rates most government jobs guys whether you're in Victoria South Australia Western Australia fucking Queensland doesn't matter where you are most government jobs you'll find will be Monday to Friday eight till four you get no opportunity for overtime you get no opportunity to work the weekends nothing so guys I've got to say I struck it lucky man to find a government position within the Department of Health Office of Disability I found a government position that allowed me not only to get my salary but to also work all those extra hours and for about two years for honestly for the for the first two years I came into that position when they were really really struggling for staff in fact to be honest four and a half years later we're still struggling for stuff but those first two years we hustled man at the team that started with me just hustled we were there every day 12 hour shifts man five six days a week and we were just hustling we were getting a hundred hundred and ten hundred and twenty hours per fortnight and no I wasn't sleeping much I was working but I had that vision in my head from way way back way back that I want to get financial freedom want to buy my first property and that is all I cared about so you know it made me happy to go to work it really did because I knew I had a vision I had a goal I was working towards it and I was loving it I was loving life I was loving seeing my bank balance finally start going up I wasn't living week-to-week anymore you know the first week the first pay check that came into my account where I didn't actually think for a week beforehand oh shit I can't wait to get paid can't wait to get paid to look at my account and see shit I got paid and not actually have to think about it because you're comfortable now it's amazing it really was an amazing feeling so from there guys here we are four and a half years later after two years of hustling my ass off in that job I was able to save enough money to buy my first property and how did I do it first thing I had to leave my current position I had to leave my my comfort zone of administration I moved into a new field I found a job that I could hit some overtime I found a job that I could get penalty rates I found a job that suited my life suited my gym you know schedule suited my sleeping schedule with the shift work and I just went went for it I did at the same time I was learning I was learning learning learning I was watching podcasts you know at the time I was doing cardio for you know cutting body fat and every single time that I went for a walk every time I went for a run I'd always put on a property investment podcast and I gotta say I learned a shitload off of two channels one is an Australian guy called Nathan Birch be invested and another one is an American channel called bigger pockets which is a podcast even just just getting your head around the real estate jargon you know different words you know conveyance a rental return landlords insurance everything like that you know body corporate understanding things so then you can sort of start researching properties you can look at properties you can look at the numbers and you can start doing your research you know and once you've got that deposit in the bank it is scary it's scary putting that much money into an investment that you don't exactly know what's going to happen but look at history guys you know history repeats looking historically at the Australian property market it's gonna continue going up so that is the investment vehicle that I've decided to use for myself going forward anyways first property I bought when I was 24 and a half my second property I bought when I was 25 I'm 27 years old right now I've just had my first daughter and we're on the way to buying my third so I've taken a little break the last couple of years in fact geez even with all that overtime that I'm talking about where it has slowed down a bit I sort of after the second property I took my foot off the gas a bit because I had you know I tied myself out man I really had so now I'm sort of getting my you know getting my life back into a bit of a schedule I've got my daughter Tate I've got my girlfriend we're living in a nice house right now it's time to start hustling again that really is so going forward guys just know that my financial goal is to buy a third investment property now the last thing that I want to mention if I left without having told you this I'd feel like I let you down the fact is is that yes the big banks are the ones that you see advertised all the time they're probably the ones that offer the lowest interest rates as far as loans go but the big banks are never going to be able to give you that one-on-one customer service they're never going to know your name you know all you're going to be to the big banks the big four is a statistic and that's not what you want when you're talking about home ownership when you're talking about investing your hard-earned cash you know if if anything you know I'd want you to go to a broker for a start someone you trust if you don't know a broker personally and you don't know someone who can sort of shop around for you I'd say go to a smaller bank if anything if you don't know anyone the banking industry if you don't know anyone the broken industry go to a smaller bank go to go somewhere where you can sit down with a bank manager the bank manager doesn't have a huge you know portfolio of clients you can actually sit down someone local and and start talking about it say what do I need what do I need to buy a property what do I need to buy this property you know even just do a bit of research grab a property take it in say what do I need to buy this particular property run through the numbers with the bank manager you'll leave there with an answer right there's no point in guessing in this shit there is no point because you just sit there going round and round in circles wondering wondering wondering do I have enough money how much money do I need blah blah blah blah blah go to the bank find out and start moving towards your goal I'm sorry I've been waving around this pen but it actually helps me talk believe it or not so anyways I want to say I hope you enjoyed the video I hope you got something from it if you are looking at buying your first investment property or you're back at the stage that I was back in New Zealand you know it's all it's all a journey it's all a stage of life all right you'll get that you'll get that but don't take too long because property value is only going to continue to go up so with that said guys I'll see you in the next one