In Episode 22 of the Property Investing Journey, Mike is joined by IT specialist turned property entrepreneur, Ashish Malhotra, who shares his journey from purchasing an $8000 block in India in 2008, to building his own portfolio and helping his clients do the same across Australia.
Following a 16 year career in IT Development and Management, Ashish decided to follow his passion and pursue a career in property. As Director of Auswide Buyers Agency, Ashish helps first home buyers and investors alike, buy property in growth areas around Australia. He is passionate about helping others find their financial freedom by focusing on cashflow positive properties and property education.
In this conversation with Mike, Ashish shares how his persistence and commitment to self-education were key to his development and success. Building his business 100% by referral, Ashish’s attention to detail and analytical approach to market trends has allowed him to build a significant reputation and following.
Covering topics from property market dynamics, understanding the cycles and property metrics, this inspiring conversation is a great way to kick off 2022. No matter where you are on your property journey, you will benefit by listening to Ashish’s story.
Here at MCG, we are passionate about creating a forum and education series for property owners and investors. We do depreciation differently, and offer a set rate for Replacement Cost Estimate reports. A first in the industry. Join our clients saving more on their tax today https://www.mcgqs.com.au/
Mike is joined by IT specialist turned property entrepreneur, Ashish Malhotra, who shares his journey from purchasing an $8000 block in India in 2008, to building his own portfolio and helping his clients do the same across Australia. As Director of Auswide Buyers Agency, Ashish helps first home buyers and investors alike, buy property in growth areas around Australia. He is passionate about helping others find their financial freedom by focusing on cashflow positive properties and property education.
What we cover in this episode
- Ashish’s journey from IT to Property Investor
- The importance of self-education and dedicating time to learn about property
- Determining market value of development
- Understanding the infrastructure of regions
- Common mistakes investors make
- Outlook for Australian property markets
- Ashish’s top tips for investors
“I’d say attitude is foremost the most important thing when it comes to investing, followed by mindset“ Ashish 7:15
“One thing that I love to say is being consistent and being persistent. Consistent is the way you do things, persistent is how long can you do those things in the same way” Ashish 11:08
“I also learned that you can go interstate and you can buy cheaper investments, so I started researching on that areas. I learned about cycles in those 6 months. I made my first move mid-2015.“ Ashish 14:08
“COVID has changed a lot of trends. Every area that you will see, it will seem a hot area…so I look at the last three years’ worth of trends to see how it was pre-COVID as well. My learning …is that we are in the middle of a national boom which last would have happened around 18-20 years back. I see a lot of investors will jump onto more regional markets which will grow for maybe 1, 2 or 3 years and then stagnate for a while…I’ll go into regions which are giving me consistent growth“ Ashish 23:04
“I would definitely categorise myself as a cashflow investor and I do not believe in holding land for the sake of holding the land“ Ashish 27:30
“I think in any growing market, every year you need to change your strategy“ Ashish 32:20
Enjoying the Show? Let us know!
Are you a fan of The Geared for Growth podcast? If the ideas and tips we share in each episode are inspiring you to become a more knowledgeable property investor, subscribe to the show and leave your honest review to let us know!