Two Weeks in a Tent Behind His First Investment Property - Sam Gordon #85

Sam Gordon took three years to save his first deposit, on $750 a week that cleared $584. He spent two weeks living in a tent behind an Adelaide house he had bought for $155,000, doing the renovation himself. His figure today is 67 properties plus another 14 rentals.

Sam Gordon runs Australian Property Scout. He left school at 16 and worked on the family farm, and says he had more than twenty properties before he ever started a buyers agency.

What you will learn:

- Why he has never had a credit card, a car loan or a personal loan, and takes on debt only for property

- How he broke a serviceability ceiling at 26 by selling a property and going backwards before going forwards

- The $9,900 he paid a buyers agent at 27, what he was sent in return, and why he never got it back

- What his coach identified as the bottleneck in his business, and why the answer was him

- Why he rents the home he lives in despite owning more than eighty rentals

Chapters

00:13 A Ferrari, a farm, and no university

03:18 Hip surgery at 19, and a magazine in a dentist's waiting room

06:31 Never a credit card, and three years to save the first deposit

09:44 Selling two, and treating a portfolio like a business

12:47 Why he never flipped, and the case he made for Perth in 2020

16:46 What he says is working now, and at what price points

20:28 Why he says a lot of buyers pay over market without knowing it

24:17 Where he would put half a million today

27:52 Growth in a market with no history of it, and what has to be changing

30:52 Buying the deal nobody else wants

33:57 The $9,900 he paid a buyers agent and never saw again

36:57 Scaling without wrecking the name on the door

39:58 Seven buyers agents and twenty four support staff

44:01 No holiday between 20 and 27

47:15 Why he rents, with over eighty rentals to his name

50:39 Finding the bottleneck, which turned out to be him

Sam Gordon saved for three years on $584 a week and built a portfolio that now pays him. 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.

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