Thinh Nguyen, a Melbourne IT consultant, quickly built a six property portfolio, but then lost it. 

 

🎓 After graduating with a double degree in Finance & Engineering, Thinh decided that property was going to be his way out of the rat-race! 

 

💰 He chose property rather than shares due to the power of leverage, and had to convince his family that debt is not the enemy - rather it is essential to build wealth.

 

🛑 But after he bought six properties in Melbourne, Adelaide & Canberra, he had to sell them all. 

 

In this episode we learn from his SIX BIG mistakes: 

👉 No long term game plan or lending strategy and how refinancing multiple time cost him dearly without the right financial buffers 

👉 Buying to develop without understanding the right feasibility study 

👉 Only buying where he lived and missing out of growth cycles interstate 

👉 No concrete & predictable suburb selection methodology 

👉 Not knowing when to sell and missing out on property booms 

👉 Paying a famous Buyers Agent from a Facebook Ad only to have to do the work himself anyway 

 

🕒 Thinh also covers his biggest three pieces of advice from all his mistakes and years of investing experience

 

🙏 I'm really grateful that we can all learn from his experience - it's rare to find someone as humble, transparent and willing to help others 

 

📈 Nevertheless, now he's enjoying his life and "back on the horse" restarting his investing journey.

 

 

Discussion Points:

00:00: Introduction

02:42: From IT consulting to property investing 

13:24: Taking time to make a plan

16:10: Being honest and owning mistakes

27:49: Timing the market versus time in the market

31:28: Determine cash flow and reverse engineer

33:46: A horrible experience with a buyers agent

43:59: Top three pieces of advice

50:17: Conclusion 

 

 

About The Host:

Subscribe to Aus Property Mastery with PK for no BS, “straight to the point” property investing strategies and data-driven insights about the Australian housing market - the only property podcast not biased by a “Buyers Agent”. You can listen to Aus Property Mastery on Apple Podcasts, Spotify & YouTube Music. 

PK Gupta is the founder of the Property Investment Accelerator — Australia's #1 Rated And ONLY 100% Independent Real Estate Course & Mentorship Program that helps people achieve passive income through property investing using DATA, WITHOUT wasting months doing "research", spending weekends at inspections OR dropping $10-20k on Buyers Agents each time. 

 

Resources:         

• Watch FREE Trainings On Our Website  👉 https://consultingbypk.com.au/        
• Get Suburb Tips & FREE STRATEGIES In Our Private Facebook Community With Over 50,000 Clients & Investors  👉  https://www.facebook.com/groups/passiveincomethroughproperty
• Watch No Nonsense Property Market Insights On Our YouTube Channel  👉https://www.youtube.com/c/AustralianPropertyMasterywithPKGupta

 

 

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