102: $26,000,000 Property Investor turned Property Developer - Richard Morgan

Everything Property

We're Launching our Property Investment Course in March - A game-changer and an Australian first. To be the first to know more and secure a spot, click the link below: https://everythingproperty.kit.com/gamechanger
In this episode we speak to Property Investor turned Property Developer - Richard Morgan, on how he scaled his portfolio from his first purchase sub $300,000 in Melbourne, to buying and developing in some of Sydney's most expensive suburbs with a portfolio value at approximately $26,000,000.
In this chat we discuss the following:
- How he grew his knowledge base when starting out.
- What steps he took to ensure he could still progress his portfolio.
- The mistakes that cost in hundreds of thousands of dollars and years in growth on his portfolio.
- What worked good and bad when developing property and building a portfolio.
- The power of starting his own business.
- The power of Property Development and why this was more effective than the normal buy and hold strategy.
- When Richard knew it was time to buy his Ferrari/Lambo/McLaren.
- Advice Richard wish he had when he started.
- Plus much more!
To check out more about Richard and the work he and his team do, checkout:
https://www.freedomfunding.com.au/about/
Don't forget to check out the summary post on our Instagram we just posted which covers what we discuss in this chat.
Facebook: http://facebook.com/everythingproperty.au
Instagram: http://www.instagram.com/everythingproperty
LinkedIn: http://linkedin.com/everythingproperty
Website (Coming soon)
Disclaimer: The topics, conversation, opinions and discussion provided in this episode are general in nature. As a listener you should not take or use the information discussed as financial advice. Everything Property and its associates recommend that you always engage in independent financial advice before making any investment or purchasing decision.