Monday Apr 15, 2024
How Leon Built $1m Net Equity from $60k in 4 Years
Sammy Gordon welcomes a special guest and long time friend to the studio this week: Leon Cusack. Leon's story is incredibly inspiring from a childhood with parents who sacrificed everything for himself and his siblings, to his pivotal light bulb moment after reading Rich Dad Poor Dad, and his discipline to commit to his strategy whole heartedly.
Over the span of 4 years, Leon has built an impressive $2.5 million property portfolio, with a huge $1 million in equity. Leon and Sam reflect on the beginnings of their friendship playing soccer as young kids, and the reason that Leon decided property investment would be his vehicle to create wealth. Leon's pure dedication and determination is clear at every point in his story, and his commitment to the speed at which he is growing his portfolio and the clear trajectory that he is on is contagious.
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Chapters:
(00:00) Welcome
(02:16) Leon's Background
(06:08) Leon's soccer journey
(11:55) Building the right team
(13:27) Why real estate?
(15:30) The search for the first deal
(19:17) Reaching out to APS
(20:08) Property #1
(26:17) Property #2
(28:50) Property #3
(31:43) Lightbulb moments
(34:20) Granny Build & property #4
(37:02) Portfolio numbers
(40:01) Retiring 500 people by 2030
(42:59) Tips for the next generation
(45:07) Sam's takeaways
(49:32) Rapid fire
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