Remote Property Investor

Financial Fundamentals - Interviewing Gavin Gallagher

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In this episode, Harvey speaks to entrepreneur, investor, developer, podcaster, speaker and author Gavin Gallagher!

Harvey and Gavin met on Clubhouse and Harvey recognised straight away that Gavin was further along on his journey than he was and kindly agreed to be interviewed so everyone listening to this podcast could benefit from his knowledge, ---- and wealth of experience.

 

KEY TAKEAWAYS

  • Gavin started working in the real estate business 25 years ago, nowadays he runs a business park in Dublin which he and his family developed and has a long list of multinational businesses as leaseholders, including google!

  • Gavin’s Dad sadly died quite suddenly which meant he is dropped in at the deep end of the family business. Quite a few mistakes were made in the beginning as Gavin did not have any experience but the mistakes gave him fire and it made him incredibly ambitious to do better. As well as helping with the family business Gavin began doing his own side projects and investing in property. He discovered the turnover that could be made and took a bit of a cookie cutter approach on his successes.

  • He was doing incredibly well but then the financial downturn and uncertainty in 2008 meant he lost almost everything and had to rely on help from his family. It was a very sobering and humbling experience. He spent a couple of years ‘licking his wounds’ but then figured out it was no one else’s fault but his own and he took ownership, put his ego away and started to rebuild.

  • In the world of property development it can be difficult to mitigate risk as the length of time it takes from the idea to completing can be years. It’s often advisable to have multiple projects at any one time so you have a more regular stream of cash flow.

  • As a country, we have jumped ahead 20-30 years in terms of debt, this is going to have a massive impact on the economy.

  • Technology is shifting the way business is being done, this has been further accelerated by the pandemic. Just looking at the property world and how people find and buy houses has completely changed and that is just one small aspect of one sector.

  • Change can happen and it can happen quickly. You need to be an eternal student, don’t assume you know it all and always be curious.

    •  

    BEST MOMENTS

    “it was an incredibly difficult time and what I realised is that there’s no point in blaming everyone else for the predicament you’re in”

    “I decided to make it my mission to make people aware just how dangerous debt and overleverage can be and if you don’t get your mindset right you will walk right into the same problem”

    “Your current success can be one of the biggest threats to your future success as you get complacent”

    “Technology is definitely shifting the way business is done”

     

    EPISODE RESOURCES

    How to Reduce Landlord Taxes 2019-20 https://www.amazon.co.uk/dp/1999640543/ref=cm_sw_r_cp_api_fabc_79R9ZHHR1A65RYM5YR4J

     

    The Richest Man In Babylon: The Success Secrets of the Ancients--The Most Inspiring Book on Wealth Ever Written https://www.amazon.co.uk/dp/0451205367/ref=cm_sw_r_cp_api_fabc_MFM0MP7WF7AWGWYX5051



    Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! https://www.amazon.co.uk/dp/1612680178/ref=cm_sw_r_cp_api_fabc_1MY8PQJN7R1NSN167V6P

    VALUABLE RESOURCES

    💻| Join us in our remote property investing Community on Facebook

    📚| Live free training & Q&A every Sunday in the Community. 

     

    ABOUT THE HOST

    Harvey is the founder of Growth Properties Group, a small group of companies that help people live on their terms through property.

    With education, portfolio building, and property management. 

    He built his property portfolio and businesses in the Northeast of England, whilst living in the south, allowing him to spend time with his family and travel regularly. 

    Having built up the systems and team to run from his phone and largely on autopilot, he's now focused on helping others excel on their property journeys and build a remote investment lifestyle for themselves through group and 1:1 coaching programs. 

    His signature program, which runs 4 times per year, is the 6 Stage Remote Buy Refurb Refinance (RBRR) Blueprint.

    I help people to live on their terms through property & Coaching and portfolio building. 

    I’ve spent the last 7 years working out how to run my property business virtually from my phone. 

    Using tech to run my business while I’ve been travelling. 

    DM me clubhouse if you need help with this. 

    CONTACT METHOD

    👓| Find me on Facebook 

    👓| Find me on Instagram

    👓| Find me on YouTube 


    👓| Find me on TikTok

    This show was brought to you by Progressive Media

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