From Housing Commission Kid to Millions in Real Estate - Graeme Holm #139

Graeme Holm bought his first home at 21 on a 97 percent loan with no lenders mortgage insurance, because he worked at the bank. He sold it two years later for ten thousand dollars more, and it went on to be worth several times that. He calls it the most expensive lesson he ever had.

Graeme Holm is the founder of Infinity Group. He grew up in housing commission in Wollongong, raised by a single mother, and went from bank customer service representative to running three branches before leaving to start his own business.

What you will learn:

- The career path from customer service representative to bank branch manager, and what each step actually taught him about money

- Why he argues fear is simply not having enough information, and what to do about it first

- How the Division 7A loan trap works, and why he says the smartest way to take money out of a business is to pay the tax

- Why he will not buy in Sydney or Western Australia, and the supply argument behind it

- The cross securitisation mistake he says almost every upgrading family makes

Chapters

00:00 Told he would amount to nothing

03:57 Housing commission in Wollongong, and a childhood he will not soften

08:00 Soccer at nine, and the community that fed him

12:36 What he would tell his eighteen year old self

17:45 How to find people worth listening to when there are none around you

21:56 Playing full out at a seminar he did not want to attend

26:20 From customer service rep to running three branches

29:48 Fear is just not having enough information

33:26 Owning the ego, and the one bad marriage

36:59 What the fuel changes to once you are safe

40:34 The Division 7A trap, and why paying tax is the cheap option

44:21 What is actually in the portfolio

49:22 Two commercial properties, and why he is wary of the rest

52:59 Buying the building the business sits in

58:01 The rentvestors selling at a loss inside 24 months

1:01:27 Selling five a year, and the half that carries no tax

1:05:30 Cross securitisation, and the house people will not let go of

1:09:29 Teaching kids to give, and the Wishing Tree

1:14:31 Do more, give more

1:18:21 What he would ask the audience to go and do

Graeme Holm's first home did the work while he got on with life. Property should work the same way.

Most properties only make money if the market does. The ones that pay for themselves from the day you settle are bought differently, and it comes down to four points.

Get the free guide: https://go.bothsides.au/score

Follow Graeme Holm:

◼️ Instagram - https://www.instagram.com/graeme_holm/

◼️ Infinity Group - https://www.instagram.com/infinitygroupau/

Bothsides:

◼️ The weekly email - https://bothsides.au

◼️ Bothsides Buyers Agency - https://www.bothsidesbuyersagency.com.au

◼️ Dan - https://www.instagram.com/daniel_beardall/

◼️ Watch on YouTube - https://www.youtube.com/@bothsidespodcast

General information only. Not financial, tax, legal or credit advice. Bothsides is not a mortgage broker or credit provider.