134 Properties by 35: The 8-Figure Blueprint - Sammy Gordon #125

Sammy Gordon's highest ever salary was $91,000 a year, and he was already holding twenty odd properties at the time. He also cut half his staff at 15 people because he hated managing them, then went from 8 to 24 in twelve months and found it easier.

Sammy Gordon is the founder of Australian Property Scout and School of Property, host of the Scouting Australia podcast, and the company's stated mission is to retire 500 Australians by 2030.

What you will learn:

- Why he says you should only take advice from someone who has already done the exact thing you are trying to do, and how few of those people there actually are

- Why a buyers agent hired another buyers agent to bid on his own home, and what he says he is not good at

- The staffing sequence: hating 15, cutting back to 8, then 8 to 24 in a year with less stress

- Why he runs no advertising spend at all, and what that lets him risk that his competitors cannot

- The difference he draws between being content and being satisfied, and why he does not expect to be satisfied

Chapters

00:00 The rap sheet, and a philosophy about decisions

02:39 The rabbit farm, and leaving school at 16

05:17 The first purchase at 19, and a discount he did not have a name for

06:34 The magazine in the dentist's waiting room

07:52 A $91,000 salary and a twenty property portfolio

09:11 Whether a 22 year old can still do it

13:06 The car maths, and why 14 years came first

17:01 Retiring 500 Australians, and why the books are shut

21:00 Growing up around tall poppy syndrome

25:01 Meeting people who were genuinely happy for him

28:26 Why he hired someone else to bid at his own auction

31:37 The conveyancer, the contract and the 15 minutes before the hammer

35:34 High achiever syndrome, and content against satisfied

40:52 How he worked out he could afford it, at 11pm the night before

57:58 The biggest mistake he sees buyers make

1:05:52 Taking his eye off the ball, and what it cost

1:11:07 Fifteen staff was the worst, so he cut it to eight

1:15:03 Growing without a million a quarter in ad spend

1:21:38 Why the year that blew up was the one that taught him most

1:33:29 You are where you are because of what you did

Sammy Gordon's portfolio grew faster than his salary ever did. 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.