Property Hub - Investment Insights & Inspiration - Get Invested: Part 1 - How Richard Bharata grew a $10M property portfolio in 4 years

Starting point is 00:00:00 In the context of the investment, we've been very active buying in the last three and a half years, let's say four years, starting from our own home here in Sydney. And then we've just been buying basically for investment proxies every year since. And then why am I being very aggressive in that sense? It's because basically I've been slapped in the face by my own reality and realization. and then i realized a very big sense of urgency i've wasted my not just money money you can find money but time right so um and then i want to make it i want to bounce back really quickly and you know make it make it happen not let it happen welcome to get invested on the property hub podcast channel the leading weekly show for australians who want to learn how to unlock their

Starting point is 00:00:54 full self, health and wealth potential. I'm your host, Bushy Martin, and each week I go deep with the best investors, experts, leaders and founders to find out what it takes to break free from the grind, discover freedom and to live by design. Subscribe now and join me and get invested in the life that you really want. Let's get started. Hi, Freedom Fighters. Are you a can-do or a can't-do person. I want you to be brutally honest with yourself when you answer this question. Do you find yourself instantly coming up with problems and reasons why something can't and won't work when someone suggests an idea? Or do you embrace and get excited by the idea and see it as an opportunity, then immediately get creative about all of the possibilities? Because how you

Starting point is 00:01:43 automatically think and how you respond will determine your reality and drive your destiny. If you think you can't, you won't. And if you think you can, you will. At the fundamental base level, this simple mindset difference separates the 5% who achieve sustainable success from the 95% majority who don't. Why? Because the second you think or say you can't, your fixed mind shuts down and stops looking for options and accepts your negative fate albeit begrudgingly and everything becomes a problem that can't and won't be overcome and if you constantly think you can't then you'll not only hold yourself back and doom yourself to what is with the same old same old diminishing mediocrity and end up cooking like a frog in a

Starting point is 00:02:34 slightly boring plot where you just don't perceive the temperature gradually rising but chances are you'll also become a defensive armchair critic that's stuck in your uncomfortable zone while you increasingly become very critical of others around you, you go on to achieve things that your limited mindset thinks are impossible or unachievable. But if you think you can, then immediately your mind is fired up to seek and create new and innovative solutions which fires and wires new brain snaps pathways where there are no such thing as problems, just challenges and obstacles to be overcome. So can't do people let things happen? Well, can do people make things happen. Which one are you? And which one are you going to become? A canter or a canner?

Starting point is 00:03:23 Because you can change and you get to choose and to decide. And the reason I mention all this today is due to some inspiration I've recently received from some of PK Gupta's lessons when I recently appeared on his podcast. He criticized me in his show note comments for what I said about property. so I want to give them a big shout out. As negative naysayers and dime a dozen doomsdayers, many of whom now lash out anonymously from the quiet safety of their keyboards, always inspire me to demonstrate otherwise. Let me share a couple of examples. About 25 years ago when I was in my early 30s suffering my early life crisis and on the bones of my backside without two cents to rub together following the breakdown of my architecture career and my marriage as a result

Starting point is 00:04:10 of my workaholism when I ended up burned out, broken and broke. I'll never forget a comfortably retired Belgian who'd enjoyed a brilliant corporate career called Louis that we met when we were travelling. He said to me, it's too late for you now, Bushy. You'll never amount to anything. And about the same time, a retired architect who lived up the road from me and knew our family turned to me in the local shopping centre and he said, Bushy, your brother Rod's a successful international oil and gas engineer and your other brother is a successful is successfully expanding Harvey Norman franchises all over Australia and the world so what happened to you now little did they both know that a raging fire was burning inside me and they'd just thrown more petrol on

Starting point is 00:04:56 as I was determined to learn from my mistakes and do things differently and swim against the tide of the common belief in the comfort of a corporate career where I've been killing myself trying to climb the ladder. Their comments were just more red flags to my raging bull. I was determined to prove them and myself wrong. So starting again with less than nothing in my mid-thirties, alongside my new partner in all things Sonia, we adopted our passive-aggressive investment approach to investing aggressively in passive income growth assets that included building an international portfolio of properties alongside the development of our property management finance breaking and property investment strategy businesses and early on in the late 1990s

Starting point is 00:05:41 we made a lot of mistakes because we just didn't know what we didn't know and we made a lot of short-term lifestyle sacrifices to make it happen we live very cheaply and frugally and learn to live without as rent festers before that was even a thing renting humbly near our work and pouring all of our dollar by dollar accumulating savings as well as investing our time energy money into income producing growth assets using as much of the bank's money as we could get our hands on to secure low-cost properties in remote future growth areas that we could afford to buy that were generally over 50 kilometers from cities where we used as little of our own money as possible to secure as big an asset base as possible as quickly as possible and structured it all to

Starting point is 00:06:26 make it as affordable as possible by ensuring that the tenant and the tax office did the lion's share of the heavy lifting to smooth our ongoing cash flow affordability and 25 years later despite the odds and swag of people telling me that it was too late that i was too old and that i was crazy and it just couldn't be done we've now created our ideal life by design where our income is funded from our investment assets without relying on our time to generate it and we choose to work because we want to not because we have to as we now enjoy the true fulfillment and satisfaction that comes from helping you and others to achieve your ideal lifestyle goals through property done properly. So what about you? How do you react when someone criticizes you? Are you a can-do or a can't-do

Starting point is 00:07:13 person? Because I get really fired up when someone now suggests that it's all right for you, Bushy, it was easy when you started, but it's much harder and almost impossible for anyone to do it now to which I say bullshit. So let me give a big special shout out to the small number of negative Nigels and Nellies on PK Gupta's YouTube comments like at Brett C 4387 and at Stephen Jacob 9316 who in their own words found me difficult to listen to and disconnected from reality as well as at David Ryan 2588 who suggested that it isn't fair that it was three times the annual wage when I bought my first house and now it's 16 and these kids will be at 30 times when they're looking to buy. To which I respond that I feel sorry for them because this type of can't do criticism

Starting point is 00:08:07 and victim mentality will condemn them to a limited and embittered life of cynicism, regret and missed opportunity and before i respond to these sad comments let me refresh you on an abridged paraphrasing of theodore roosevelt's famous man in the arena quote that's quite relevant here where he said it's not the critic who counts not the one who puts out how the strong one stumbles or where the doer of deeds could have done them better the credit belongs to the one who's actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs, who comes short again and again, because there is no effort without error and shortcoming. But he who does actually strive to do the deeds, who knows great enthusiasms,

Starting point is 00:09:00 but great devotions, who spends oneself in a worthy cause, who at the best knows in the end the triumph of high achievement, or who at the worst, if they fail, at least fails while daring greatly, so that their place shall never be with those cold and timid souls who neither know victory nor defeat. And as Brené Brown continued on to say in her great book Rising Strong, I want to be in the arena. I want to be brave with my life. And when we make the choice to dare greatly, we sign up to get our asses kicked. We can choose courage or we can choose comfort, but we can't have both, not at the same time. Vulnerability is not winning or losing. It's having the courage to show up and be seen when we have no control over the outcome.

Starting point is 00:09:51 Vulnerability is not weakness. It's our greatest measure of courage. A lot of cheap seats in the arena are filled with people who never venture onto the floor. They just hurl mean-spirited criticisms and put-downs from a safe distance. Therefore, we need to be selective about the feedback that we let into our lives. For me, if you're not in the arena getting your ass kicked, I'm not interested in your feedback. So returning to the PK group, the commenters I mentioned earlier. Yes, things have changed and they always will. But where there's a will, there's always a way. As you're about to find out with today's very special guest. So stop telling me and yourself why it can't be done and why now is never the right time. Because there's always some

Starting point is 00:10:39 self-justifying excuse. And start following the example and learning from those who are continuing to do it because what it really comes down to is how much do you really want it and how much are you prepared to do in order to make it happen. You can continue to stew in your own juice and sit in your uncomfortable comfort zone while you point your finger outwards at everyone and everything else or you can embrace the obstacle as a way and use it as your internal inspiration to find a way to overcome your own self-imposed limitations and join the ranks of the few who swim against the tide to achieve their version of success, whatever that may be.

Starting point is 00:11:19 So if you've been waiting for the right time, then this is it. Because the right time is always now. It's just a matter of what you do, where, how and with who. And if you've been waiting for a sign, then this is it. It won't come easy and it's unlikely to come quickly. But if you're determined, keep an open mind, get creative and stick to it relentlessly through thick and thin you'll make it happen and don't let anyone convince you otherwise because if you don't take the opportunity to do something about it and

Starting point is 00:11:51 get invested in your own future then you've only got yourself to blame even though you'll probably never admit it so to really get you inspired to take your next step to investing your future you're going to love today's active investor conversation with Richard Brata as he's tackled adversity head-on and overcome the odds in our current challenging times where he started with less than nothing around three and a half years ago and he's now built a portfolio of 17 rentals spread across 13 properties in four states that are achieving remarkable growth in rental yield and is currently worth over nine million dollars and growing and I want to challenge you here because if I can do it, then I know anyone can.

Starting point is 00:12:36 And if Richard can do it, then I know you can. So if you've been thinking that it was easy for old buggers like me to do it back in our so-called easy times, but now it can't be done, Richard's going to show you firsthand exactly how you can continue to do it now as we unpack the nitty-gritties of his investment journey so far. As you're about to hear in detail, as a fellow friend of P.K. Gupta, Richard's an early self-retired engineer, husband, father and a very motivated investor turned buyer's agent. So welcome and let's get invested Richard. Let's get invested Bruce.

Starting point is 00:13:12 Mate, great to have you on. I've sort of been Google stalking you of recent and love where you've come from and where you're heading but for those who haven't had the opportunity to rub shoulders with you yet or come across some of the other podcasts you've done, can you sort to kick things off by telling us what you do differently and why you do what you do please um look what i've done differently i guess um be very consistent um in in the in the context of the investment um we've been very active buying in the last three and a half years let's say four years starting from our own home here in sydney and then we've just been buying basically for investment processes every year since and then why why am i being um very aggressive in that

Starting point is 00:14:04 sense is because basically i've been slapped in the face um by my own reality and realization um and then i realize a very big sense of urgency i've wasted my not just money money you can find i need my time right so um and then i want to make it i want to bounce back really quickly and then you know make it make it happen not let it happen so i love that uh for those listening how old are you now man i'm 32 now 32 yeah i love it well uh mate uh you're at 32 you're in a very strong position as i spoke about at 33 i was at ground zero starting again so we've had we've had fairly similar journeys at different different stages of our life and i guess what i love about that is that the anyone at any age can do this if they put their hearts and minds to it and get

Starting point is 00:15:03 creative around how they can do it and we're going to unpack some of that shortly but before we do that richard um i'd love for you to just to give us a bit of a reader's digest of your own personal and professional journey so far outside of property because we'll get into that shortly in terms of what you've invested your time energy money now the years and why and how has this then led you to where you are and what you're doing today yeah so when i was preparing for this podcast i sort of self-reflect um which is good you're always good to self-reflect and to see where you are and what you can do better um basically to make it very simple up to the age of 22 22 yep uh focus was always in education and

Starting point is 00:15:46 getting good degree and then throughout that journey 22 years there's up and downs you know not not doing well at school and doing really well get scholarship doing really bad at union and doing well again so that was the in a nutshell up to the age of 22 right what um what's scary there are people who started investing when they were 22 like pk for example but anyway um and then up to the age of 28 i was the focus was always to to start earning and paying taxes so getting getting good job and trying to get that promotion and pay increase and again within that time frame from 22 to 28 days that pitfall which i'm more than happy to talk in more details later on um and then from 28 until now that's when investing become the primary focus um because

Starting point is 00:16:38 now we have saved some money we can leverage that money and and so on so yeah so so that's what we have been busy with yeah so he's my prey i'm engineer yeah yeah let's i want to dig straight into that because what i'd love to understand is you got into engineering uh and that that takes a certain type of mindset to pursue that as a career. What was it that pointed you in the direction? Why did you think that you wanted to become an engineer? I really had no sense of direction when I finished high school. Well, I knew my first brother was an engineer

Starting point is 00:17:14 and he was picking up the Perth mining volume and he was earning, I don't know the exact number, but close to 200K as a first or second year graduate. it so it's never really something i really want to do as an engineer i just no one's providing me direction i'm just going to take what's been done and what people say you're going to make a lot of money from so so i took engineering never really really loved it throughout uni four years but i guess it created your character you know staying up late doing assignment sometimes no sleep at all um and and ended up uh graduating with pretty good degree i guess so um and engineering you know it's

Starting point is 00:17:56 quite uh wide you don't just doing structural design or civil design but there's also project management and you know soft skill and that's what i enjoy the most in that engineering field you have i've always been bad with engineering design personally and i've never done engineering job per se it's always in the project management space though yeah got it got it so that that those project management skills as you say those softer skills and be able to manage time quality cost and be able to coordinate the input of others to actually achieve outcomes would be something that would be very useful to you in what you've done in the in the property space so tell me a little bit about your family background because i'd love to understand how your upbringing has affected

Starting point is 00:18:43 your core values and beliefs and and how has this influenced you and and who you've become yeah so just a quick background um i was born in indonesia my neighbor uh i grew up there and then my mom and dad uh they are business people over there um they run a small drilling contractor company so that is a drilling contractor uh you know it's nothing massive they're not rich per se they are basically work hard save hard and invest their money in in indonesia um so and then um they basically brought us to australia me and my three brothers older brothers um i came to australia when i was i think 12 years old yeah i was doing really bad at school and then my parents just brought me here because i was going to fail year seven believe it or not there is such

Starting point is 00:19:40 thing of failing year seven so you have to repeat the grade so mom saved me and i went to australia and did really well there so um so that's a background so that is a family that has got eight siblings malin's got six or seven siblings i don't even remember so they always grew up um not having the privilege of you know like you have everything you have to work hard learn how to share fight and then forgive you know so and that carries through to me as a person um yeah so so that's a bit of background um of my family yeah yeah okay yeah and are any any parts of that that apart from that work ethic that that you developed in terms of your values and beliefs that you think now influence uh what you've done and you continue to do yes there are two things

Starting point is 00:20:35 i've actually thought about this the first thing is an indirect lesson i learned from mom and dad in the realm of property investing so if i if i can put it a title i'll put it um mom's cheap property versus dad's expensive car right so you probably can guess where this is going um basically in the 90s mom and dad business was doing well back then for them so mom bought a property in berth uh in the 90s and that bought a bmw back then um about the same price and that's why the property was cheap and the car was expensive uh and if we can fast forward 30 years later till now they still have both of them but you know where they end up being right so the car is is basically in uh the property is basically uh crazy it's worked a lot it's it's

Starting point is 00:21:30 We went through two or three boom cycles, at least two, which is the current boom cycle as well in Perth. And not just the value has grown, but it actually allowed us, the children, to get permanent visa to Australia because there was a requirement back then. So not only the value has grown like multiple times, but it also allowed their kids, me included, to have this opportunity in Australia.

Starting point is 00:21:55 The car is in the backyard at home and no one wants it for free. So that's it, a realm of investment. I think people can relate, especially people in their 30s and 40s who are thinking, I want to buy that nice car, I want to buy that Porsche, whatever. In 20 years, no one cares. No one wants it anyway. That's a really good analogy because I don't know what you pay for it,

Starting point is 00:22:19 but the car, let's say it was 70 grand back in the 90s, and I would imagine now that the property that your mum bought, you put a few zeros on that figure given where the market's now at and the BMW would be worth probably nothing now, essentially. Now that it's a tech space. Yeah, exactly. So I love that.

Starting point is 00:22:44 Well, that's a pretty good segue because I know that when you finish uni, you had some struggles work-wise to try and find opportunity. You did a number of things from everything from working in restaurants to other bits and pieces along the way. Before I sort of get into the property journey, can you sort of share with us any challenging events in your life that have brought about some pretty big learnings and changes?

Starting point is 00:23:16 Yeah, so basically finishing uni, I was trying to look for jobs. It wasn't easy. So after uni was around 2015, I graduated from Perth, Perthton University. It was a very different environment when my brother graduated. When my brother, on his third year, companies were looking for resource already. They actually went to uni and then offering jobs with high pay. Whereas in my case, when I graduated, I had to look for jobs. Nobody wanted me because Perth was under the mining bus back then, 2015.

Starting point is 00:23:51 i have to knock on the doors drop my resumes nobody nobody really wanted wanted an engineer back then in in wa and um i ended up working multiple jobs in sushi restaurant which i got fired and then working kebab restaurant i got fired again um i work in a place in the resume i put it as inventory management it's really it's just a stop taking job so you know and with those device and you click on each of those items and you count it so that was pretty good i did pretty well there so um and then i was doing tutoring job as well and that was pretty good because i love teaching people as well um yeah but ended up applying for jobs in in sydney uh from so sorry i ended up getting a free free job basically an internship so i can put something

Starting point is 00:24:47 on my resume it's always good so it doesn't look uh empty um and the company is called i think western australia building vert it sounds like a pretty good nice big company and then what but i wasn't doing anything i was basically applying jobs in sydney at that time right and and yeah and i ended up applying using my friend's address in sydney so you have higher chance of getting called for interview what's funny is there was a place in sydney called um kings park which is in a black town it's the same in perth you know kings park and perth as well yep yes in perth kings park is a very it's the biggest botanical garden in the world so i got a phone call not knowing they were calling from sydney asking hey we really need someone to start working

Starting point is 00:25:31 can you come for interview tomorrow where in kings park and in kings park is this a date or what So, no, I didn't say that, but in my mind, I was thinking of that. But, you know, I was so desperate for jobs, I said yes right away and then realised it took 45 hours by car to get to the actual address. So, but, you know, I think you mentioned if there's a will, there's a way. So we made it happen, not by car, thankfully. We booked a flight and then got the job in Sydney. Yeah, I love it.

Starting point is 00:26:02 Just before I get back to the challenging piece, you mentioned you got fired from a couple of those jobs. Is that because if you're not interested, it's just not your thing when it is your turn? Put some bit of color around that for me. I'd love to understand that. Yeah, I guess maybe I'm just not good at hospitality, you know, because there are like kebab, sushi, and thankfully not pizza. Otherwise, I'll be taking everything.

Starting point is 00:26:29 Chinese restaurant as well. I didn't get fired there. I just had no interest and, you know, and left. So, yeah, so not really fired. fight i was doing a bad job but not good enough i guess in there yeah i understand well let in amongst all that because what i'm hearing is you're searching for direction you're searching for something that's really capturing your interest and you know you're clearly trying different things to make that happen are there any major challenging events that that occurred

Starting point is 00:26:59 during this time before you got in into property that really started to change your thinking and And can you share the ins and outs of that with us? Yeah, before getting into property, there is a different phase of my life where I finally landed in Sydney, got a job. It's a very tough job in construction. I was working really long hours, but that's okay. I worked really hard and then I got a few promotions, which is, we know promotion means more boring power now. Back then, we didn't know about it, but that's okay. I actually left that job because I was basically working two long hours

Starting point is 00:27:36 and it wasn't sustainable. But what that taught me, it built my mindset and character. I always want to give my best on everything and have a very good attention to details. Basically, I'd say an employee's dream. When you have a good employee, you just want to keep them. So I ended up leaving that job and they actually offered me with higher pay, but was too late, ended up going to a government job

Starting point is 00:28:03 and then got really bored over there because it's very different from working 12 hours to working like four hours, five hours. So not 7.23 hours, I think it used to be. Very specific, yeah. But, you know, it became really rusty and then I just wanted to get better. So I worked really hard to get to know the right people

Starting point is 00:28:28 in the organization and got a really big job promotion as well within government and then move elsewhere to different government agency i'm talking about doubling your pay but you're almost tripling within within one within two years that's pretty big jump right so um but then that's where it becomes a problem because sometimes you you feel like oh okay i've got a lot of um a lot of pay increase and i'm always good at cb right so but this is where the problem is uh too good at saving not knowing how to invest right so i'm sticking in my mind look i'm saving a lot of money every month here like what am i doing with this money and then uh i got hooked into a very bad i guess hobby would you call it hobby or whatever you call it maybe addiction so basically it's a

Starting point is 00:29:17 mobile gaming where at first they tell you it's free to play um and then you play with other people so it's a community base so you're not just playing Candy Crush by yourself so you meet a lot of people and this is going back to who you surround yourself with if you surround yourself with people who play this if you surround yourself with people who gambles

Starting point is 00:29:37 you will likely be gambling as well so this is not gambling this is like playing games even worse because you don't get any return right so I end up spending lots of my saving money for this game because at first it was free and then they tell you to

Starting point is 00:29:53 Okay, just spend $5 and you'll be stronger. And you got hooked and addicted to it. And then you spend $20, $40, $100, $500, $1,000. I think the highest was like $6,000 in a month, which is just, yeah. So that was a real problem. And being an engineer, when I came into realization I've been wasting money on this, I drew a graph like February, March, April, and then I looked back on my spending on this game. Okay.

Starting point is 00:30:23 and i can see an exponent exponential growth there right so i think you know what ways is going to end right so and this is where um and then at the same time a friend a close friend of mine introduced me to uh share investing in share which then i realized there's opportunity cost there right so first you learn about the compounding growth and how you can become millionaire after how many years if you do this and then thankfully the youtube algorithm and everywhere starts hitting you and you start googling about those things and you start learning more and more and more becomes a rabbit hole and that's when i realized i've been slapped in the face by this reality i've been wasting my my money um i think almost or if not 50k in one year or so so yeah

Starting point is 00:31:08 wow so did it become a sort of almost addictive in its sense is it is that what happened is that i mean it would have happened slowly but surely but the tell us about how you felt and how you sort of got to that point yeah i've basically um the game is designed for addiction so it starts with free and then they offer you like ten dollars you can spend ten dollars and you become oh wow i've become so much stronger now so just to give you a background again it's like in the zombie environment so it's like a civilization so you create the city there's a zombie and then you become your city stronger and then you fight against other city it's like a walking dead if you know that yeah that tv show yeah so so now you become so much stronger but then there's always

Starting point is 00:31:58 people who are much stronger who spent more and spend more time on the game so now because you're surrounded by these people in the community who oh yeah um you know i know you can beat him and all that stuff you start spending fifty dollars hundred dollars until thousands of dollars there are people who spend millions because they are rich they're very rich business people but there are people who do that I've got a

Starting point is 00:32:24 brother-in-law who plays a similar type of game where you've got to buy armoury and buy shields and you play in packs so it becomes a parallel universe almost so that you feel like you're living

Starting point is 00:32:39 and eating and breathing and as you say you're only as good as the the people that you're associating with so you know to keep up with the joneses you automatically become that so i can see how that spend would have been exponential just like your property growth has been exponential uh it can happen very quickly how did you because that's not an easy thing to walk away from but how did you make the break so multiple of things firstly as i said uh a friend of mine introduced me to shares and that i become i realize okay if i put this 10 000 rather than in the game i put it in the shares what will it become in like you know five ten years and it was during covid time remember when

Starting point is 00:33:21 share was just bouncing like crazy yeah um that's one of it uh that's probably the biggest thing the biggest slap in the face secondly uh because this game is chasing the dragon uh it's not it never ends even when i spend like five six thousand a month it's never enough there are people who spend 100 000 a month it's crazy it's it's very very crazy and and some of my friends in that community started living the game anyway they felt like oh this is bullcrap and you know and then you start losing those friends and you realize this is never ending and where is the end to this at the same time there is a future in the shares in the compounding game i realize i think i think i should drop this thing now oh that's a a great segue then because i let's dive into your

Starting point is 00:34:09 uh investment journey uh with with a focus on property and i guess the the first and most obvious question around that is why property given that you started to dabble and look at the equities market why property uh why did you decide to invest and what triggered that interest in properly so yeah at first um share was the the thing because it was really easy there's no barrier to entry you just it's like saving basically if you put in the etf and then why property is because as i was learning about shares you know the use of algorithms and everything will start eating you and then we'll talk about properties like for some reason i got presented these um property things and then i watch a youtuber in america who basically do what

Starting point is 00:34:57 we are doing here but more aggressively because you know you can't over there um and then i start i started learning and doing a comparison which one is better property or shares at first i didn't really get it um why the property that is assumed to grow at five percent is better than the shares that are growing at 10 15 i didn't really get it like and properties you have maintenance it's real thing it's illiquid and then i only came to the leverage the concept of leverage basically using someone's someone else's money through the bank and that's why the five percent growth in property would and very likely to um uh over perform the 10 percent or 15 percent in shares so that's let's just touch on that for those that are listening to us who haven't delved into property

Starting point is 00:35:46 yet this is this is a really fundamental point because you know i've done the numbers myself and i did exactly what you did earlier i i was actually trading cfds when i first started investing way back when and run the numbers. And I talk about this in the book. The fact that you can effectively, if you're only putting 10% deposit down and you're borrowing 90% of the value of the property, you're effectively 10 times in the equity base that you're able to take control of. And if you look over time in terms of the performance, while yes, the growth and shares might be higher, because you've got such a much higher asset base, then even at a lower percentage growth, you're still going to end up with a much bigger nest egg.

Starting point is 00:36:34 To the tune of, I've done the numbers, three and a half or four times more in equity at the end of the journey in property than we share is because we're using other people's money, other banks, to soften that blow and therefore leveraging the power of our own money and using less of it to control those growth assets. So, yeah, great point there, mate. Now, I'm going to interrupt and break our great conversation with Richard here this week, as our awesome recording session was so interesting that it went a lot longer than I expected, given that we ended up doing a very deep dive to dissect the ins and outs, goods and bads of Richard's rapid property portfolio accumulation,

Starting point is 00:37:14 which is what we're going to unpack in detail, together with a ton of actionable learnings, in next week's episode. Now, before we go to ensure that everything you or others are doing in property is in your best interests and you're getting best value for money, I know how Tim and I now provide you with a unique John West of property approach, where we become your secret service agents and independent property protectors, as we sit alongside you to keep everyone on your property team honest, where it's the properties and areas that we reject that make sure you get the best. Now, it's important to stress that we don't find, suggest, select or sell properties, but as your totally independent protector, we sit on your side of the table and vet areas

Starting point is 00:38:00 and validate properties being considered by buyers, agents, others or yourself by running independent second level and detailed macro, micro and micro due diligence to ensure that a property and a location that you're considering is truly the best fit to satisfy your specific strategy needs and your investment horizon. We also take the opportunity to educate you on what we do, find, suggest, and why, so the next time you're better informed to do it yourself. Now, if this is of interest to you, to give you that added peace of mind on a very important property decision, just book in with me for a dedicated property mentoring session by clicking the link in the show notes, or just go to knowhowproperty.com.au forward slash contact us

Starting point is 00:38:49 and hit the blue book button for a one-on-one personal property mentoring session with me. I also need to ask you a big favor that will only take a couple of seconds of your time. Currently, under 70% of you that watch the Property Hub podcast don't subscribe. So if you've ever enjoyed our shows following the countless hours that myself and my support team put into pairing and producing the episodes can you please do us a massive favor and hit the like and the subscribe button now it helps the property hub channel more than you know and i promise you that the bigger our southern cross or stereo channel continues to get the better the guests are going to get and the better your investment learnings and outcomes are going to be

Starting point is 00:39:36 Speaking of which, next week's continuing conversation with Richard Barada is going to be crackerjack in this regard, as you'll get to hear and learn firsthand how someone like you has managed to go from below zero to property hero by securing 13 properties across four states in just four years that are now worth over $10 million and counting. so stay tuned and remember to always get invested in your knowledge and your network before you invest in your assets and i look forward to connecting you with again next week thanks for tuning in to get invested on the property hub podcast channel your home for property investment insights and inspiration make sure you subscribe to property hub for free get your weekly dose of get invested inspiration along with every episode of realty talk australia's top online property show for red hot property investing news and insights direct from industry leaders and influencers. And finally, I'll see you next time.

Property Hub - Investment Insights & Inspiration - Get Invested: Part 1 - How Richard Bharata grew a $10M property portfolio in 4 years

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