Ep. 116: Building a Multi-Property Portfolio, with Bill Childs

In this episode of the Geared for Growth podcast, host Mike Mortlock welcomes Bill Childs, a successful property investor and mortgage broker with Limitless Lending Group. They explore the current challenges in the property market and how Bill overcame these obstacles to build an impressive multi-property portfolio.

By the age of 25, Bill had already acquired six properties. Leaving school at 16, he chose to enter the workforce early, focusing on saving to enter the property market. Facing difficulties in finding the right mortgage broker for his growing portfolio, Bill decided to become a broker himself. Remarkably, he now generates 70-80% of his leads through TikTok, a platform he started using just ten months ago.

During their conversation, Bill shares his journey and the valuable lessons he’s learned. He explains his preference for Trust structures to maximize borrowing capacity and reflects on what he would do differently if given another chance.

Mike and Bill also discuss a common issue for multiple property buyers: hitting the serviceability caps imposed by financial lenders. They consider the likelihood of these caps changing and the potential impact of further interest rate increases.

Bill offers valuable advice for investors from a broker’s perspective and emphasizes the importance of having the right experts on your side. For anyone looking to build their portfolio beyond the initial investment, this inspiring conversation provides essential insights and guidance for moving forward.

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In this episode of the Geared for Growth podcast, host Mike Mortlock welcomes Bill Childs, a successful property investor and mortgage broker with Limitless Lending Group. They explore the current challenges in the property market and how Bill overcame these obstacles to build an impressive multi-property portfolio.

• Bill’s journey from high school “dropout” to multi-millionaire investor
• Why land to building ratio is important for capital appreciation
• When Bill couldn’t find the right mortgage broker, he became one himself
• How buying in a Trust can lead to a multi-property portfolio
• The outlook on bank’s serviceability buffers
• Bill’s growing platform as a TikTok influencer
• What “getting rich slow” really means
• Bill’s advice for anyone hitting a borrowing capacity cap

“I just started saving money from when I left school and before that, when I first started working I wasn’t making much at all but I was also living at home so I wasn’t spending much money at all either and then by the time I was 20 saved up and bought my first house” 1:45

“The mistake that I made was going for the new house it was so nice, the new and shiny, because obviously all the value was in the building not in the land which as you know it’s the land that appreciates” 5:26

“I was looking at it from a land to asset ratio, I studied a lot more, listening to a lot of podcasts and the property that I bought there was $242,000 but if I were to buy a block of land down the road the block of land would have been worth $190,000-200,000 so really I was buying all the value in the land this time and not the building” 7:35

“I bought all my properties in my personal name which as we’ve spoke about if I could go back in time I definitely wouldn’t do it that way” 10:38

“If you’re earning $1,000,000 a year you don’t ever need to go into trusts, there’s levels to it but if you’re on an average income and you want to build a sizable portfolio this is the way that makes the most sense overtime” 20:25

“You really need to explore all your options as if you got a portfolio there’s a lot of levers you can pull to keep going, you need to have someone that is going to look into things for you which is easier said than done” 25:54

“You would definitely buy 10 properties in one year as opposed to one property year for 10 years if you could because then you have 10 properties compounding at 6 or 7% over the next 10 years” 28:05

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