Buy, Renovate, Hold To Secure Positive Returns: Michael Ossitt

From no prior investment experience to a $3.8 million portfolio and a successful property advisory business, Michael Ossitt’s story is one full of hard work, calculated risk-taking and experimentation. While committing to his 10 Years 10 Properties plan, Ossitt has discovered the most efficient ways to make money off his properties and shares them with our listeners on today’s episode.

Tune in to find out exactly why Ossitt is so passionate and keen on property investment and why he believes you should be too. Ossitt shares how he built upon his first property in spite of the mental stress that comes with risk-taking, and recommends his favourite resources to property investment beginners.

I think that's key for anybody building a portfolio is that you've really got to set out a plan upfront and work out you know what is your capacity what can you buy - Michael Ossitt.

In this episode, here’s what you’ll learn:

  • 01:47

    Why his fear of risk held him back when he purchased his first property and how he found inspiration through reading books about finance and property investing.

  • 04:45

    How he was able to build a multi-million portfolio on top of running an advisory business whilst he explains why taking opportunities when they arise is the best course of action.

  • 09:29

    The importance of how a positive mindset and personality helps build how you decide your strategies when investing.

  • 12:00

    Michael reflects on the success of his first property investment that ultimately led to positive cash flow property investments in Sydney, Queensland and South Australia.

  • 18:44

    Why new investors should believe in themselves if they want to succeed, explaining how a growth mindset helps avoid mistakes and uncertain decisions.

  • 20:52

    Michael shares his plans for a larger steady cash flow, suggesting investors to read books from authors such as Jan Somer, Robert Kiyosaki and Peter Wargent.

Show Notes and Credits:

Thanks a million for checking out this episode! Below are the websites and other tidbits that were mentioned in today’s podcast with Michael Ossitt. If you have any questions, feel free to leave a comment below and I’ll respond right away!

Show Notes:

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Do You Have A Question or Have A Story To Share?

I would love to hear from you, please send your questions to: propertyinvestory.com/contact

Mentionable Quote

 

This episode was produced by Alex Cooper with narrations and interviews conducted by Tyrone Shum.

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