In this episode of Brick to the Future, hosts Cam McLellan & Allison Lewison interview Pascal Butler about his unique journey into property investing. Pascal, from Melbourne's Box Hill, shares insights into his background and decision to pursue investment properties rather than purchasing a personal residence.
Journey to Property Investment:
- Pascal and Georgia preferred living in Box Hill but found purchasing a home there unattainable due to high costs.
- They decided to invest in property rather than buying a personal residence, also known as "rentvesting".
Motivation and Influences:
- Inspiration came after reading a property investment book by Cam McLellan. "My Four Year Old the Property Investor"
- Pascal’s father, after reading the same book, offered to use equity from his home to help fund Pascal's entry into property investing.
Myths and Misconceptions:
- Pascal challenges the idea that “rent money is dead money,” explaining that renting can be viable if you’re investing wisely.
- Discusses how outdated ideas like these often stem from industry marketing tactics.
Financial Support and Strategy:
- With OpenCorp’s assistance, Pascal’s father released $100,000 equity to fund Pascal’s first investment.
- OpenCorp provided a comprehensive plan, or “roadmap,” to help him grow his portfolio over time.
Challenges and Sacrifices:
- To prove his financial commitment, Pascal sold his car and adhered to a strict savings plan.
- Overcame initial fears about debt with guidance on the structure and financial viability of the investment.
Investment Progress:
- After purchasing his first property with OpenCorp, Pascal is on track for a second.
- His portfolio has already grown significantly, with $200,000 gained in equity within 18 months.
Advice and Takeaways:
- Pascal emphasises the importance of planning, education, and taking action rather than relying on outdated financial beliefs.
- Encourages parents to consider helping their children with equity to assist with getting into the market.
Pascal’s experience showcases how family support, a clear investment strategy, and expert guidance can make property investment accessible and rewarding.
Facebook: http://www.facebook.com/opencorp
Twitter: @OpenCorp_au
LinkedIn: https://www.linkedin.com/company/opencorp-au
Instagram: @OpenCorp
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