The Property Couch

264 | How $4,000 Turned into Six Properties - Chat with Joey


Listen Later

When he bought his first investment property, Joey D’Agata was too nervous to do his own bidding. But, flash forward four years, and he’s now self-built a high-income producing portfolio consisting of SIX properties. And, even more impressive… he’s only 26!!

So folks… how on earth did Joey make this happen for himself? Especially considering the fact that when he first started saving, he was earning less than $50,000 a year and was seriously concerned that someone in their twenties wouldn’t be able to afford to buy a SINGLE property, let alone go ahead and invest in six of them.

So, the multi-million dollar question is… how’d he do it?

Well, this is where the $4,000 comes in…..

… Keep in mind, there’s a bit more of a back story here, which we’re unpacking in this episode, but here’s the quick overview: Joey “embraced” Lenders Mortgage Insurance (LMI).

Now, when it comes to Lenders Mortgage Insurance, we always say… “Avoid it when you can, but embrace it when you have to.”

Why??? … well, that $4,000 cost went on to put Joey in a position where he could buy another FIVE properties.

 

Your Free Resources

  • FREE BOOK (Physical copy) – The Armchair Guide to Property Investing
  • FREE BOOK (PDF version) – Make Money Simple Again
  • Episode 242 | Proof That You Can Get on the Property Ladder AND Invest in Property in Your 20s – Chat with Courtney Te’ray
  • Episode 097 | Q&A – Mechanics of LMI, Purchasing Foreclosed Property, Stretching Your Investing Budget and more
  • TPC Binge Guide – The Best Bits From The First Twenty Episodes


LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 Web platform: 

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 Web platform: https://www.moorr.com.au/

FREE MASTERCLASS:
- How to Build a Property Portfolio and Retire on $2,000 a week >>

FREE BEST-SELLING BOOKS:
- The Armchair Guide to Property Investing
- Make Money Simple Again

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube

...more
View all episodesView all episodes
Download on the App Store

The Property CouchBy Bryce Holdaway & Ben Kingsley

  • 4.4
  • 4.4
  • 4.4
  • 4.4
  • 4.4

4.4

18 ratings


More shows like The Property Couch

View all
Property Investment Podcast Network by Momentum Media

Property Investment Podcast Network

26 Listeners

The Money Puzzle, with James Kirby by The Australian

The Money Puzzle, with James Kirby

44 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

63 Listeners

Property Investment, Success & Money | The Michael Yardney Podcast by Michael Yardney; Australia's authority in wealth creation through property

Property Investment, Success & Money | The Michael Yardney Podcast

27 Listeners

Investopoly by Stuart Wemyss

Investopoly

16 Listeners

money money money by Glen James

money money money

49 Listeners

The Elephant In The Room Property Podcast | Inside Australian Real Estate by Veronica Morgan & Chris Bates

The Elephant In The Room Property Podcast | Inside Australian Real Estate

12 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

18 Listeners

Australian Finance Podcast by Rask

Australian Finance Podcast

29 Listeners

Pizza and Property by P&P Media

Pizza and Property

14 Listeners

this is property by John Pidgeon & Rachelle Kroon

this is property

8 Listeners

Inside Commercial Property by Rethink Investing

Inside Commercial Property

5 Listeners

Scouting Australia Podcast by Australian Property Scout

Scouting Australia Podcast

6 Listeners

Australian Property Podcast by Rask

Australian Property Podcast

13 Listeners

Aussie FIRE | Financial Independence Retire Early by Hayden Smith & Dave Gow

Aussie FIRE | Financial Independence Retire Early

2 Listeners