3 Rental Properties at 19 Years Old! How Did He Do It?
Becoming a property investor before turning 20 years old—how is it possible?
In this episode of the podcast, Todd interviews the inspiring Noah Dobson, a 19-year-old property investor who has already acquired three rental properties. Noah shares his journey of saving diligently, working multiple jobs, and learning from his mentor, Matty Fisk.
Discover how Noah navigated the property market, negotiated price reductions, and focused on high-yield investments. With a mindset of delayed gratification and a commitment to financial independence, Noah proves that age is no barrier to success in property investment.
Click on this episode to learn valuable insights on property purchasing, the importance of mentorship, and how to maintain a positive outlook in the face of challenges.
Noah's story is a testament to the potential of young investors in Australia. Don't miss this engaging conversation!
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CHAPTERS: 00:00:00 - Introduction 00:01:25 - Encouragement for Young Investors 00:01:57 - Noah's Age and Property Count 00:02:32 - Saving for the First Deposit 00:03:04 - Living at Home to Save Money 00:04:16 - Impact of COVID and Dropping Out of School 00:05:21 - Noah's Interest in Property 00:08:03 - Dad's Business and Property Experience 00:08:27 - Addressing Financial Help from Dad 00:08:54 - First Property Purchase Process 00:09:41 - Choosing the Right Mentor 00:13:21 - Making Multiple Offers 00:13:33 - Using Comparables for Offers 00:14:38 - Cash Flow Management 00:15:54 - First Property Details 00:17:00 - Understanding Equity Release 00:18:21 - Focus on Continuous Investment 00:18:36 - Confidence in Property Market 00:18:52 - Noah's Lack of Doubt 00:19:25 - Belief in Property Growth 00:20:07 - Advice for Hesitant Investors 00:20:37 - Property as a Long-Term Investment 00:21:12 - Cash Flow Safety Net 00:21:54 - Importance of Mentorship 00:22:18 - Luck and Opportunity 00:24:30 - Details of Second Property Purchase 00:25:06 - Negotiating Property Price 00:27:08 - Advice on Negotiation 00:29:18 - Second Property Financials 00:30:22 - Lawn Maintenance Strategy 00:31:24 - Confidence in Third Property Purchase 00:33:53 - Balancing Cash Flow and Growth 00:34:08 - Responding to Criticism 00:34:41 - Future Investment Plans 00:36:12 - Blocking Out Negativity 00:38:27 - Conclusion and Final Thoughts
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