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506 | No Silver Spoon: The 24-Year-Old Who Owns 3 Properties & Counting?! – Chat with Harley Giddings

“I have a phobia of working 9-5 til I die.”  

  • Harley Giddings  

There’s a common belief among the younger generation today that the dream of property ownership is well and truly out of reach. (Buying a house for $30K like your grandparents did? Impossible today!)   

Today’s special guest, however, is a 24-year-old passionate property investor who is inspiring both the existing AND upcoming generation of investors through his Instagram account “propertywithharley” that documents his learnings, failures and insights on his ride to financial freedom.  

Please welcome a member of our very own Mortgage Broking team, who is also an outstanding financial inspiration: Harley Giddings!  

Tune in to hear how this young gun built a 3-property portfolio with no silver spoons, the key to mastering delayed gratification at such a young age, and the pivotal books that transformed his life. 

An episode that’ll provide inspiration for investors of all ages; listen now, folks! 😊  

 

Free Stuff Mentioned…

  • MOORR WEBINAR: From Data to Decisions
    7:30pm AEST, Tuesday 20th August
    Learn how to set yourself for investing success with Moorr, your all-in-one money management platform. Discover how to efficiently run and manage your investment portfolio from one platform and uncover Moorr’s newest features from the life changing Property Cashflow Projection to its advanced Rental Analysis calculator.
    Register for it today >>  
  • PICA’s 2024 Annual Investor Sentiment Survey closing soon!
    We want to hear your thoughts and experiences as landlords on issues across Australia’s property market. This data will be used to protect property investors and their investments against negative regulatory changes. Share your thoughts today! 

 

Timestamps

  • 0:00 – No Silver Spoon: The 24-Year-Old Who Owns 3 Properties & Counting?! – Chat with Harley Giddings   
  • 1:19 – Upcoming Moorr Webinar and PIPA 2024 Sentiment Survey!  
  • 6:15 – Mindset Minute: “Stay away from negative people. They have a problem for every solution.”  
  • 7:07 – Welcome Harley!  
  • 8:02 – 3 properties by 23: The 2 pieces of advice he’d give to those his age 
  • 9:37 – Money Story: How he formed early delayed gratification  
  • 14:31 – 15 years old and reading the Barefoot Investor  
  • 17:12 – The invaluable lessons his parents taught him   
  • 20:47 – Harley’s first investments & dollar cost averaging  
  • 22:55 – Why did he decide to pivot from shares to property?  
  • 24:47 – You’ve got $1G: Invest or self-education?   
  • 26:13 – The leap of faith into property  
  • 31:00 – No bank of mum and dad!  
  • 35:40 – Property #2: Researched & serviced himself 
  • 38:03 – Data points Harley looks at to decide where to invest!  
  • 40:12 – The A-team EVERY property investor needs   
  • 42:13 – Buying in a Company Trust Structure, SMSFs, and more…  
  • 45:23 – A North Star of $200K in his 30s?!  
  • 48:21 – We are proud to say he’s part of our Mortgage Broking team
  • 49:35 – Common FAQs Harley receives  
  • 50:56 – Block out the social envy and focus on self-education  
  • 53:26 – “I work 15 hours every Wednesday”: 2 jobs, 7 days a week  
  • 56:49 – Why he decided to become a Mortgage Broker 
  • 59:39 When is Harley buying a lambo?  
  • 1:01:28 – How does Harley still live his best life in his 20s AND build a portfolio?  
  • 1:05:35 – The book that inspired him to start his channel 
  • 1:10:27 – Harley’s Final Message: Get rid of THIS mindset 
  • 1:12:15 – If your child is a spender and wants to invest in property, try this first…  

And… 

  • 1:14:07 – What an impressive young guest!  
  • 1:15:49 – Guest Lifehack: “Look at life in ____ months”  
  • 1:18:02 – WMPN: We’re back in rebate country 😮  

 

496 | Don’t Sell the Goose That Lays the Golden Egg

 

In Episode 496, we’re back with a jam-packed Q&A Day!

Discover everything you need to know before investing in Victoria, from understanding the state’s “blowout budgets” to navigating the biggest risks that make buying in Melbourne a “2030 conversation.”

We also break down why the buy-and-hold strategy still works, even for single investors with lower incomes. (After all, would you sell the goose that lays the golden egg?)

Plus, learn why housing shouldn’t be linked to income and hear real data from a listener on his journey to a $1M passive income.

Tune in now for a jam-packed episode! 🚀 🚀

 

Free Stuff Mentioned

 

 

Questions We Answer:

Q1) Advice on Purchasing in Victora from Georgia  

Hi Ben and Bryce, my name is Georgia.

I want to say thanks very much for your work on the podcast. I really enjoy listening to it and find a very educational.

My husband and I currently live on the Gold Coast. We have been living in our principal place of residence, which is a house we bought about a year and ½ ago.

We also own an investment property on the Gold Coast, which we bought in 2018 and it was originally our principal place of residence but since we moved to our house, we now have that as an investment property.

We had really good returns from both properties over the last few years so we’re looking at releasing some equity from investment unit and then purchasing another property potentially in Melbourne.

Seems like Melbourne properties are in high demand at the moment. I’ve heard your advice on buying in Melbourne or Sydney if you possibly can so I think it would be along a good long-term investment and potential growth would be positive.

Possibly looking at the western suburbs because I say I’m a bit more affordable and I think that’ll be a popular area going forward. I know Victoria’s had some changes to tenancy laws so I was wondering what we should be aware of if we’re thinking of purchasing in Victoria?

I know there’s a lot of extra costs and compliance requirements so what would be your advice and recommendations of things to be aware of if we were looking at purchasing the property in Victoria for investment purposes?

Thanks again for your work. Keep doing what you’re doing.

Q2) Selling Options from Justin

Maybe start to talk more about the option of selling. Your podcast seems to advocate for a buy & hold, retire debt strategy.

Every podcast talks about buying a property, then cash out equity when the property grows in value to go again; however, this is not always achievable when someone has reached their serviceability cap.

As such, I think the option of selling to access equity to redeploy into another investment should also be talked about as a valid option to grow wealth.

You always mention that most investor stop at one or two investment properties, but I think this is more due to restricted lending to an individual more so than ones’ willingness to achieve more.

As a general lay person, I know enough to be dangerous but I can’t see how someone on a median income of 67k that own their own PPOR with half a mil to a mil mortgage would be able to service enough debt to afford more than 1 or 2 investment properties.

Q3) Buying a property to Assist in Purchasing Dream Home from Ruva

Hey Ben and Bryce love the podcast. You guys rock. My question is around rent-vesting. Apologies if this is already been answered or rather basic, but I’m struggling to connect the dots and understand the end game of this strategy in real terms.

How can buying a property or properties at lower value points and in areas of lower demand in bulk assist purchasing your dream home outright mortgage free and a blue chip suburb in 10 to 15 years time as I hear a lot on Youtube.

If values continue to rise across the country with a ripple effect from major centres outwards, won’t blue chip location simply remain at a map much higher value to those cheap and cheerful investments in mount random? May you please outline how this works in practice?

Are rent-vestors assuming that investing elsewhere will outperform their dream locations to then a mass enough equity to buy a dream home outright in the future? What does this actually look like?

Thank you so much.You guys are amazing. Love the podcast. We tune in and you bring so much value to the community. We appreciate it. Thank you

Listener Comment: Real life data you may find useful from Dean

Hi guys, I am 43 and have been investing in property for over 20 years now, my strategy has been to buy & hold, some of the properties I have owned have been cosmetically renovated and others structurally renovated over the years, my properties are located in Melb, Sydney, Brisbane & a couple in USA.

I currently own 12 properties. I work full time in a banking role and recently have other business interests outside of property.

I have run my property investment portfolio as a business over this time, and on a monthly basis i maintain a spreadsheet where I update my assets, liabilities & cash flow position.

The data is a real life example of the buy & hold strategy and could be of interest to you & your listeners.

Basically it shows the slow burn of building the first million net (17 years), however then jumps rapidly as the exposure to the market grows and the property market does the heavy lifting; $1m – $2m (10 months), $2m – $3m (27 months), $3m – $4m (38 months), $4m – $5m (9 months).

I’m not looking to be interviewed or my full name used, however thought this data might be useful as a real-life example of what you consistently talk to.

Regards,
Dean

 

Timestamps

  • 0:00 – Don’t Sell the Goose That Lays the Golden Egg 
  • 1:29 – Collingwood’s cooked it? 😉  
  • 3:57 – PICA Webinar Replay! 
  • 5:05 – Mindset Minute: “If you don’t change the direction you’re going, you’ll wind up where you’re headed!” 
  • 5:49 Q1) Advice on Purchasing in Victora from Georgia   
  • 8:02 – What to know before you invest in VIC  
  • 9:20 – The Greatest Risks to Investors  
  • 11:10 – Why does Melbourne look better in the long-term?  
  • 15:33 – Why buying in Victoria should be a “2030 conversation”  
  • 16:40 – Record level of debts & blow out budgets 
  • 19:28 – Will incentives for investors come back? 
  • 21:19 – Q2) Selling Options from Justin   
  • 22:37 – Folks, 60-80% return in months is NOT the norm!  
  • 28:30 – The BIG shift from passive to active investing  
  • 30:13 – “What if I don’t have 30 years left to invest?”  
  • 32:47 – Why sell the goose that lays the golden egg?  
  • 33:50 – You don’t have to be debt-free at retirement. Here’s why. 
  • 39:14 – Q3) Buying a property to Assist in Purchasing Dream Home from Ruva   
  • 40:51 – Why housing shouldn’t be linked to incomes 
  • 43:19 – What is modern Rentvesting?  
  • 45:02 – This is when property becomes a game of probability  
  • 46:26 – Blue Chip suburbs & long-term commitments  
  • 51:56 – Listener Comment: Real-life data from Dean   

And… 

  • 55:41 – Lifehack: Apple name drop in a flash ⚡ 
  • 56:58 – WMPN: 144 days for building approvals?!  
  • 59:47 – We’ve got an amazing guest incoming… 

 

Where are all the property investors going? (On REAL Talk Podcast) – August ’23

We’ve all heard the misconceptions about property investors – how they’re often painted as greedy landlords who love raising rents and spend their time swimming in a mountain of cash.

In this bonus episode – originally recorded for the Real Talk podcast (aka the realestate.com.au podcast) – we debunk some of the popular myths around property investment!

Hosted by Alice Piper, this episode features our very own Bryce Holdaway, as well as senior PropTrack economist Paul Ryan.

Before joining REA in late 2020, Paul spent a decade at the Reserve Bank of Australia conducting research on the Australian economy, focusing on housing markets, lending risks and regulatory effects on property markets.

He has also been featured on Episode 459 of our podcast, where we chat about how to solve Australia’s growing demand for property!

 

Timestamps

  • 0:00 – REAL Talk – Where are all the Property Investors going?
  • 00:58 – Data shows investors are offloading their properties at a loss 😮
  • 01:10 – Listen to what some Aussies feel about the state of the rental market
  • 02:26 – This is what the actual Aussie landlord looks like…
  • 04:11 – The main reasons people invest in property
  • 05:22 – Will the number of investors drop even further?
  • 07:44 – The big run up over a decade that has taken the confidence out of the market
  • 08:38 – The Queensland land tax example
  • 09:30 – Bryce gets REAL about some of the pitfalls of property investment!
  • 10:49 – Capital growth & high rental yields
  • 12:39 – Government incentives to invest in property
  • 13:50 – Why is negative gearing such a touchy subject?
  • 18:51 – Lean in!
  • 23:14 – Great advice for those looking at investing in the current market!!
  • 24:41 – We’re all playing different money “games”
  • 25:56 – The silver lining for investors at the moment

 

 

How to Create $2,000 A Week – Six Real Life Case Studies from Six Very Different Investors

Want to hear how six very different people — that’s different ages, different incomes, different incomes and different demographics — ALL managed to build a multimillion-dollar property portfolio that creates $2,000 a week in passive income?

Yep. They each hit that magical figure of $2K per week in passive income!

So… how’d they do it?!

Psst.. for a FULL breakdown into all the numbers and property portfolio builds for each case study, please pick up your  FREE physical copy of The Armchair Guide to Property Investing here: http://www.thearmchairguide.com.au/

 

Here’s a bit of what we cover in today’s episode…

  • Six Real Life Case Studies!
  • How much do kids really cost?
  • What is Consequential Finance?
  • What are the Four Levers to Financial Peace?
  • What’s the biggest challenge for Millennials?
  • What’s the interest rate we use to model out our property portfolio builds?
  • The Money and Wealth Accumulation Model
  • The Variables and Assumptions we use 

 

Free Resources

  • Free Book – The Armchair Guide To Property Investing: How to Retire on $2,000 A Week (please just pay for postage – we’ll pay for the book and send it anywhere in Australia for you.)
  • The Property Couch PodcastThe Insider’s Guide to Property Finance and Money Management (This is Australia’s #1 Property Podcast with over 307+ episodes that features HEAPS of simple and actionable frameworks, countless interviews with the best minds in the Australian property and finance industry and a ridiculous number of free resources to help you at any stage of the property investment journey)

 

Episodes from The Property Couch to Further Support You…

 

 

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