Member case study | Three properties by the age of 30!

Learn how Joshua Scott, member of The Property Mentors, built his property portfolio.

We love helping members of The Property Mentors purchase their very first investment property. Even better, we thrive on helping them grow successful property portfolios. But most of all, we take pride in helping them to set – and achieve – lifelong goals.

And the best thing is that sharing member success stories can provide that little bit of extra inspiration to potential investors who want to get started and achieve similar results.

Josh edit

So, sit back, grab a coffee, stop trawling through real estate property sites, and hear from just one amazing member of The Property Mentors – Joshua Scott. As you will learn, Joshua has achieved quite a lot, quite quickly, for someone who has only just turned 30!

WHAT IS YOUR BIGGEST OVERALL INVESTMENT GOAL?

"My biggest goal with investing – and life in general – is to provide for my family."

Joshua Scott

"Providing for my family has always been a big goal for me growing up. I want to be comfortable, and live comfortably, without having to go without. That’s always been extremely important to me, and with expecting our first child, our daughter, it’s now very real!"

HOW WAS YOUR INVESTING KNOWLEDGE BEFORE JOINING THE PROPERTY MENTORS?

"Before joining The Property Mentors I found myself pretty confused as an investor. I was bouncing back and forth between different investing avenues; the two main options being the stock market and property investment.

On weekends, and in my spare time, I found myself scrolling through property websites, not really knowing what a good investment looked like. More just what I thought I liked, what I could afford, and I guess I picked areas that I would want to live in myself.

On the other hand I paid for a few online courses to learn how to navigate the stock market."

WHAT MADE YOU DECIDE TO JOIN THE PROPERTY MENTORS?

"As you can imagine, all of this took a lot of time, and I still found myself justifying one investment stream over the other. In the end I was very indecisive and confused.

'Am I making the right decision? What avenue do I go down?'

So I found The Property Mentors online – I was looking for someone to provide a little bit of guidance – and that’s where the conversation started. Talking with Luke and the team gave me clarity…and I became a member in 2020."

OF THE THREE TYPES OF INVESTOR READINESS, WHICH IS THE ONE YOU NEEDED THE MOST HELP WITH?

The three stages of readiness Simple Rev

"I think it was more the emotional readiness. It was about just having to let go and take that initial leap of faith – but an educated leap!"

Joshua Scott

DID YOU HAVE ANY CONCERNS ABOUT INVESTING IN PROPERTY?

"My main concern was 'Will I lose my hard earned money?' In construction you work long hours and you’re paid a fixed salary. Committing to investing can be daunting, and it was really just trying to work out what was best for me."

"Reading different articles and bits and pieces, you can become so overwhelmed – you can jump down different rabbit holes and not come back out!"

Joshua Scott

"The guidance of the team at The Property Mentors has helped me a lot.

I learned that you have to be proactive with your money, and there are some sacrifices you have to make to be able to save along the way, so you're protective of that."

WHAT CHALLENGES DID THE PROPERTY MENTORS HELP YOU OVERCOME?

"My biggest challenge was the initial property purchase. I consider myself a very visual and physical person; I want to be able to see, touch and hold objects, and you can’t always do that with property.

My first property was purchased off the plan. I lived in a different state, and my fiancé and I couldn’t visit the property because of the Covid restrictions at the time.

I really had to rely on the team at The Property Mentors, and trust their advice and the initial investment strategy that was designed to push me and my property portfolio in the right direction."

WHAT PUSHED YOU PAST THE CHALLENGE OF BUYING OFF THE PLAN?

"It really came back to my emotional readiness and making sure I had a thoroughly thought out plan."

Joshua Scott

"I scheduled multiple conversations with The Property Mentors right from the get go. I was really just talking through my concerns and having those concerns put to ease."

HOW IS YOUR PROPERTY PORTFOLIO GOING NOW?

"I bought my first property off the plan midway through 2020, which settled in July 2021.

But, while waiting for that property to settle, my fiancé and I were presented with another opportunity, so we decided to purchase another property together. That was back in early 2021. Again that was off the plan and that’s due to settle late in late 2022.

And we recently bought a third investment, again, off the plan, and that’s due to settle in 2023.

So you can see the portfolio is definitely growing, with one settling in 2021, one due to settle in the back end of 2022, and one due to settle in 2023.

I’m pretty happy with how the property portfolio is growing…and last month was my big 30th celebration, so exciting times ahead!"

WHAT HAS BEEN THE BEST THING YOU’VE LEARNED ABOUT PROPERTY INVESTMENT?

"Working with like minded people to achieve a common goal is something I’ve really enjoyed with The Property Mentors, so the best thing I’ve learned is that there are people out there – in a team environment – who are willing to help."

"It’s been a jam packed time, but definitely exciting times ahead with our daughter on the way…and I can’t wait to continue to grow the property portfolio too!"

Joshua Scott

We hope you’ve enjoyed hearing from Joshua and more importantly – particularly if you’re a first time investor looking to take the plunge – have taken inspiration from his experience!

If you’re interested in learning how to build long term wealth through Australian property, then take action and book in a discovery call with one of our specialist property mentors today.

LIKE TO LEARN MORE?

Check out our Investor Intelligence podcast with Joshua here:

THREE PROPERTIES BY THE AGE OF 30 - INVESTOR JOURNEYS

Joshua Scott is a member with The Property Mentors, actively investing in Australian property and building a strong portfolio. In this episode of Investor Intelligence we chat with Joshua, who has already achieved great success with his portfolio - and he's only just turned 30!

Click here to listen now.

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