"If you want to continue growing and get to the next level, you've got to get comfortable being uncomfortable." -Eddie
Join us in this episode featuring Eddie Dilleen, an Australian property developer who achieved the remarkable feat of amassing over 100 properties by the age of 30. Discover his inspiring journey, from humble beginnings working at McDonald's to purchasing his first property at just 18 years old. Eddie underscores the importance of high rental yields, thorough market research, and strategic leveraging in building a successful property portfolio. Gain insights into overcoming investment biases, striking the right balance between growth and yield, and the crucial role of financial discipline in investment endeavors. Tune in for invaluable advice on entering the property market with a small deposit and to glean the wisdom of continuous learning and mentorship in realizing investment success.
Episode Highlights:
00:00 - Episode trailer
03:42 - Acquiring the first property
07:32 - Key considerations for property investment
10:00 - Identifying growth opportunities
12:43 - Property valuation and acquisition strategy
17:49 - The three keys to successful property investment
19:32 - Mitigating risks in property investment
22:07 - The mindset of wealth building in one's 30s
25:04 - Investment advice for those not excited about property
26:10 - Selecting a reliable buyer's agent
30:46 - Managing finances for property investment
34:09 - Navigating market uncertainties in property investment
37:11 - Types of properties and biases
42:23 - Property investment strategies and mentors
47:19 - Commercial property investment
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About my guest:
Eddie Dilleen, the Founder and Director of Dilleen Property, epitomizes the journey from adversity to success. Raised in Mount Druitt, a challenging neighborhood in Western Sydney, Eddie's upbringing was marked by financial hardship and single-parent struggles. Determined to break the cycle of poverty, Eddie began his journey to financial independence at a young age, starting with humble jobs at KFC and McDonald's. Inspired by a colleague's success in property investment, Eddie embarked on a journey of learning and self-improvement, eschewing material temptations for long-term financial freedom. Through discipline and sacrifice, he saved enough for a deposit on a unit in Central Coast, NSW, laying the foundation for a thriving property portfolio that now exceeds 80 properties. In 2016, Eddie founded Dilleen Property with a mission to empower ordinary Australians with the knowledge and tools to achieve their own financial goals through property investment. His story serves as a beacon of hope and inspiration for aspiring investors nationwide.
Connect with Eddie
Website: https://www.eddiedilleenproperty.com.au/
https://www.dilleenproperty.com.au/
Instagram: https://www.instagram.com/dilleenpropertyau/
Youtube: https://www.youtube.com/channel/UC-uaFiyoDyhfyIr7JonlIPw
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