12 properties in 3 years! How this investor aggressively scaled his portfolio

We have a very special guest and one of Australian Property Scout's most successful clients Nick Wilcox. Nick is the director of Blue Crane Capital and joins host Sammy Gordon in the studio for a never before heard property portfolio breakdown where we run through his journey as an investor and how he aggressively scaled his portfolio. 

 

In this exciting episode we can learn a lot from Nick's mistakes and successes through investing in residential and commercial property in both joint ventures and his own personal portfolio. One thing is very clear, you can't pay rent with Fish.

 

 

Intro - [00:10]

• Who's Nick
• Business Banking
• Nick's Exposure to property

When the Journey Started - [02:30]

• Property #1, the price guide
• Off the plan scaries
• Buyers Remorse

The Proposal - [06:00]

• Property #2, the price guide
• Housing commission 

The Commercial story - [08:40]

• Are you smarter than a metal fabricator
• Payment in Fish
• The short-term pain for the long-term gain

Bradbury - [11:45]

• Nick's realization of the importance of BA's
• His addiction to podcasts & intro to APS

The funny thing - [13:40]

• The Bull Shark negotiation toweling 

Nick's strategic position in finance - [15:30]

• APS deals
• Understanding property types
• Understanding the data
• The APS standard winning again

Things have almost doubled - [20:30]

• COVID kicked in
• The deals never stopped!

The Covid trades debacle - [23:30]

 

Structuring your portfolio - [25:30]

• WD-40 & BBQ sauce
• Infill developments 

Understanding QLD - [27:50]

 

We're at 11 properties! - [29:30]

• What you can do in 2 years

The Campervan tenant - [30:45]

Buffers - [33:00]

• The New Years special deal
• The Family is growing

To buy a car or to buy a property - [35:00]

 

The position of the portfolio - [38:40]

 

Understanding the value of Rentvesting vs PPOR in Sydney - [40:40]

• Nick explains the redlining factor
• Nick & Sam explains the math

What's next in the portfolio - [44:25]

• SMSF

The next steps - [45:30]

• Fixed rates coming off
• Refinancing

The goal of the portfolio - [47:15]

• Consolidation
• When does selling come into the equation

Would you buy off the plan again - [49:20]

Would you have been able to do this by yourself - [50:00]

 

Nick's wise words - [51:00]

The rewind to astute lending - [55:38]

 

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Any information, comments, opinions or content that we provide in this podcast is our general observations and information only and it is not to be taken as, or in any way, considered to be financial advice, accounting advice, superannuation advice or legal advice. We strongly recommend all and any listener and participant to obtain their own independent financial advice, accounting advice, superannuation advice and legal advice before acting in any way in relation to any investment at all including any investment in property such as what we might be discussing in this podcast. No warranty, guarantee or representation is to be taken and you cannot reproduce it in any way. Every persons financial or investment situation is different and you must consider your own circumstances before undertaking any investment and be sure to obtain independent advice.

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