“Play in a market close to your home”
A deep dive into real estate investing with the host of the Australian Property Podcast, Jonathon Preston. At age 29, JP has already acquired 5 properties in Australia’s hot Real Estate market and is mastering the art of financial leveraging to continue to grow his portfolio. He started with a single 15% down payment on a single property and in only 4 years has been able to use that to scale and generate more and more cash flow.
We dissect his strategy in actionable steps for anyone to take and explore fundamentals of real estate investments including yields, applying for loans, property rights, cash flows, and market intelligence. JP’s story follows the steps outline in one of our favourite books Rich Dad, Poor Dad and is proof that with good execution you can start in real estate from just about nothing and grow your wealth fast.
ILAB 14 Show Notes
Relevant links for guest:
Where are we:
JP – Sydney
Sam – Singapore
ArtofFX – start with just a $10,000 account (reduced from $25,000)
Fundrise – start with only $1,000 into their REIT funds (non-accredited investors OK)
Wealthfront – get your first $15,000 managed free
Betterment – get up to 1 year managed free
RealtyShares – try it free with ILAB link
Robert Kiyosaki – Rich Dad, Poor Dad
Steve McKnight – From 0 to Financial Freedom: How To Do It Today!
Steve McKnight – From 0 to 130 Properties in 3.5 Years
Steve McKnight – From 0 to Financial Freedom: How To Do It Today
Steve Mcknight – From 0 to 260+ Properties in 7 Years
Steve Mcknight – $1,000 in Property in One Year
Time Stamp – Topic:
02:45 – How JP got started in property investing
05:20 – Purchasing his first property
06:10 – Leveraging other equity to get a loan
08:00 – Australia property market strength
09:00 – How loan assessments work
12:00 – Qualifying people for loans
13:00 – How JP acquired properties 2, 3, and 4
16:30 – On-going management of the properties
20:00 – Refinancing to make raise more money
21:30 – How JP learned what he knows
23:45 – What happens in a AUS recession?
25:45 – Property acquisition goals
29:00 – What JP looks for in a new property
32:00 – Emerging markets in Asia
33:00 – Rich dad, poor dad
33:45 – Sam’s property investments in Thailand
40:05 – Guarantee 7% return investment properties
41:35 – Property rights AUS vs. Thailand
45:00 – Ownership of Thai properties
50:25 – Carrying costs of properties
53:45 – Our next moves in property investing
57:15 – REIT investing as an alternative
1:01:00 – JPs investment property investing advice
– Play in a market close to home
– Buy something you are familiar with
– Look for scarcity
– Look for an area where incomes have the potential to increase
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