Scouting Australia Podcast Yao Chen: How Changing Strategy Literally Saved This Investors Life
In this investor episode, Sammy sits down with Yao Chen, a migrant from Taiwan whose journey from humble beginnings and financial hardships to building an impressive $2.7 million property portfolio is nothing short of remarkable.
Listeners may remember Yao-Chen’s moving speech at the GC APS Summit in 2024, where he shared how changing his family’s financial path meant everything to him. Today, Yao-Chen opens up about the real-life struggles, setbacks, and turning points that shaped his approach to investing and life.
Sammy and Yao-Chen dive into the transformative power of property, the lessons learned from costly mistakes, and the drive it takes to persevere through adversity. Yao-Chen reveals the realities of working multiple jobs, falling victim to an investment scam, and pulling through with sheer determination and the right guidance. From door-knocking for work in Darwin to navigating complex property deals and finally securing financial stability, this episode is packed with honest insights, practical strategies, and heartfelt reflections for anyone dreaming of building wealth through real estate; no matter where they’re starting from.
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:
(00:01:45) Welcome
(00:06:14) Motivation: a better future
(00:07:59) Moving to Australia and an unexpected scam
(00:10:22) Arriving in Darwin and job struggles
(00:12:19) Early jobs and saving money
(00:17:54) Mining scam causing financial devastation
(00:20:52) Experience with other buyer’s agents
(00:30:32) Selling off bad investment
(00:34:45) First APS property
(00:37:26) School of Property
(00:43:23) Insurance claim + renovation
(00:48:38) Building up to 6 properties
(00:53:59) Never give up mindset
(00:56:56) Advice for starting investors
(01:01:06) Rapid fire questions!