Scouting Australia Podcast You Won’t Believe Me…But I Just Bought My Primary Residence!
In this very special episode, Sammy Gordon and Jimmy Ibrahim are back in the studio after a HUGE event. Sam takes us on a personal and candid journey as he reveals a major milestone: after years of championing the benefits of rent-vesting and building a massive property portfolio, he’s finally bought his dream primary residence.
Sammy opens up about what led him to make this decision, the emotional rollercoaster leading up to auction day, and the challenges he faced; even in the final minutes before making the biggest purchase of his life. This episode isn’t just about the lead up to purchasing an incredible home; it’s an honest, behind-the-scenes look at the strategy, mindset shifts, and sheer hard work it takes to turn dreams into reality. Hint: the lessons along the way are invaluable!
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
(00:07:12) The purpose of rentvesting
(00:11:09) Mindset shift: home ownership vs. wealth building
(00:17:47) How the dream home vision evolved
(00:21:29) First impressions at the inspection
(00:25:27) Crunching the numbers: funding the purchase
(00:36:23) Chaos pre-auction: contract issues & teamwork
(00:41:45) Auction strategy & emotions
(00:45:55) The auction experience: winning the home
(00:52:16) Documenting the journey & 15 years in the making
(00:57:46) What’s next for Sammy Gordon
(01:03:56) The importance of showing up & consistency