7 properties by the age of 27, with Adrian Trimboli – Ep. 68
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For the latest episode of this bonus series of the property investing journey, Mike is joined by Adrian Trimboli, Buyer’s Agent and Director at Fresh Start Advisory in Melbourne, to talk about his journey up the property ladder, the mistakes he made getting started and what he learned along the way.
Fueled by his mother’s encouragement, Adrian started early in the property game, purchasing his first apartment just around the corner from his house with his brother at the tender age of 18. Despite the early start, Adrian’s property career did not take off right away. With his first property not showing any signs of capital growth, he went on to buy two more properties before he realised he needed to educate himself on prroperty if he was going to make it work.
He took two years off from more purchases, and immersed himself in seminars and books, and taught himself how to truly succeed in property. Now years later, Adrian is passionate about investing and helping his clients avoid the same mistakes he made when he started out.
In this podcast, Adrian shares some of the lessons he’s learned along the way, including treating property as a business and understanding the market before making an investment. He’s only too happy to share his knowledge in the hope other investors can benefit from his experience, and he does so openly and honestly in this inspiring conversation.
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Mike is joined by Adrian Trimboli, Buyer’s Agent and Director at Fresh Start Advisory in Melbourne, to talk about his journey up the property ladder, the mistakes he made getting started and what he learned along the way.
What we cover in this episode
Learning from Adrian’s mistakes
Where most investors get it wrong
The value of a stress free portfolio
Starting with the end in mind
Treating property like a business
Adrian’s 72 step due diligence checklist
“When you explain the property round the corner from where you live, that’s kind of a little bit of a red flag and something that we’ve been publishing data on – the distance between from where people live and where they invest” Mike 2:51
“If I did the complete opposite it would’ve been good, if I had done any bit of research it would have been great and if I’d bought anything else but an apartment, I mean I don’t like townhouses either so realistically a house or something with the land component” Adrian 3:26
“The reason I was able to continue borrowing is because 1) I didn’t know I’d made the mistakes so I didn’t get fearful like a lot of people do and 2) the level of debt that I actually had was very very low” Adrian 5:26
“I took two years off essentially buying any property and we just went to everything – seminars, we read books, you can probably see behind me there’s just books and books and books, and we just looked at everything that has to do with property” Adrian 9:04
“You need to dedicate in order to get a professional result in real estate which is a huge asset, huge amount of money you’re throwing down. I think you need to treat it like a professional and if you don’t you’re probably going to get in the arse sometime” Adrian 11:50
“You need to be doing something different, you can’t just be doing what everyone else is doing ’cause statistically you’re not going to succeed which is sad” Adrian 21:51
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The Geared for Growth property investing podcast was created by Mike out of a desire to provide value to his property investor clients. The idea is to source Australia's leading property investment experts and find how they and their clients are achieving exceptional results. The podcast is open to anybody interested in learning how to invest and the strategies you can apply to achieve exceptional results. You'll hear from buyers agents, mortgage brokers, strata managers, accountants and other professionals all sharing their insider knowledge.