Scouting Australia Podcast How Leon Built $1m Net Equity from $60k in 4 Years
Sammy Gordon welcomes a special guest and long time friend to the studio this week: Leon Cusack. Leon's story is incredibly inspiring from a childhood with parents who sacrificed everything for himself and his siblings, to his pivotal light bulb moment after reading Rich Dad Poor Dad, and his discipline to commit to his strategy whole heartedly.
Over the span of 4 years, Leon has built an impressive $2.5 million property portfolio, with a huge $1 million in equity. Leon and Sam reflect on the beginnings of their friendship playing soccer as young kids, and the reason that Leon decided property investment would be his vehicle to create wealth. Leon's pure dedication and determination is clear at every point in his story, and his commitment to the speed at which he is growing his portfolio and the clear trajectory that he is on is contagious.
School of Property is the ultimate education destination to master property investment, with a curriculum meticulously designed and crafted with both beginners and experts in mind. Whether you are a complete novice, or you’re ready to take things to the next level in your portfolio, this is the program for you! To find out more, head to www.schoolofproperty.com.au.
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Any information, comments, opinions or content that we provide in this podcast is our general observations and information only and it is not to be taken as, or in any way, considered to be financial advice, accounting advice, superannuation advice or legal advice. We strongly recommend all and any listener and participant to obtain their own independent financial advice, accounting advice, superannuation advice and legal advice before acting in any way in relation to any investment at all including any investment in property such as what we might be discussing in this podcast. No warranty, guarantee or representation is to be taken and you cannot reproduce it in any way. Every persons financial or investment situation is different and you must consider your own circumstances before undertaking any investment and be sure to obtain independent advice.
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Chapters:
(00:00) Welcome
(02:16) Leon's Background
(06:08) Leon's soccer journey
(11:55) Building the right team
(13:27) Why real estate?
(15:30) The search for the first deal
(19:17) Reaching out to APS
(20:08) Property #1
(26:17) Property #2
(28:50) Property #3
(31:43) Lightbulb moments
(34:20) Granny Build & property #4
(37:02) Portfolio numbers
(40:01) Retiring 500 people by 2030
(42:59) Tips for the next generation
(45:07) Sam's takeaways
(49:32) Rapid fire