Sophie and Daniel Walsh Transcript

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Sophie Walsh:
Why wouldn’t I buy an investment property that’s not only not going to cost me anything to hold, but it’s going to appreciate over time. Like why would I put my money into you know a car or a depreciating asset when I can buy something that’s not going to cost you anything but give me money over time.

Tyrone Shum:
This is Property Investory where we talk to successful property investors to find out more about their stories, mindset and strategies.

I’m Tyrone Shum and in this episode we’re speaking with Sophie Walsh and her husband Daniel from Your Property Your Wealth to talk about her property journey. We’ll hear about Sophie’s first investment and why being a property manager has help her and her husband build a strong property portfolio, and so much more!

Sophie Walsh:
I help with settlements so I’m sort of the first contact with our clients before Daniel meets with them. So I help our clients through the whole process of settling the property you know making sure that they’re getting the right service.

Tyrone Shum:
Sharing more about her past, Walsh talks about where she spent her childhood.

Sophie Walsh:
So I grew up in the Upper North Shore of Sydney. That’s where my parents live. You know since then I’ve actually moved out further. So we’re now in Thirlmere which is sort of out of a lot further.

Tyrone Shum:
Studying in St Ives, she also shares what she did after graduating from high school….

Sophie Walsh:
I went to Brigidine in College I went through Year 12 and then from there I went straight into the job force and I started in pharmacy. So yeah and then from there I went into RTO which was a training organisation and sort of did administration from there.

Tyrone Shum:
It was through her casual pharmacy job that Walsh was able to save some funds for her future…

Sophie Walsh:
I didn’t need to do any studies to get into it as such. I sort of started straight out from school, I sort of got to say oh I wasn’t sort of I wasn’t in pharmacy, so I was just like the pharmacy assistant. So it was a casual job straight out of school and you know just a job and some money.

Tyrone Shum:
It was following this job that she decided to work for the RTO, Walsh explaining what the acronym stands for and what her job entailed…

Sophie Walsh:
That stands for registered training organisation so they provide courses to help people get qualifications.

So I started sort of through administration and then I was actually really lucky through there I was actually able to do some studies myself. So I did a couple of diplomas and a few certificates. So yeah that really helped me get to the next stage of my career.

Tyrone Shum:
With her job being able to provide such a great opportunity for education as well, Walsh delves further into what qualifications she attained during her time at the RTO….

Sophie Walsh:
I studied a diploma business and also a diploma of leadership in management so I sort of thought that that would help me later on get into any management roles or you know what sort of business if need be which has turned out well in the end.

Tyrone Shum:
Also, she shares how long ago she worked there and when she made the decision to move on to another role…

Sophie Walsh:
I started at my first RTO role three years ago and from there I went to another the same role but in a different training organisation, did the same role. And then from there I actually was living still at home at that point, but from there Daniel and I made the choice to move out. You know what I say live our life together yeah yeah. From then on I chose to move in together. So that’s when we made the choice for me to move in with him.

Tyrone Shum:
Getting into property management by working for an agency, Walsh expands upon what it was that enticed her to move into that particular career sector…

Sophie Walsh:
By that point I had already purchased my first investment property and I guess I could sort of see it from an investor point of view.

Tyrone Shum:
Delving into the details of her first investment, Walsh shares whether she purchased that property with her husband Daniel or on her own…

Sophie Walsh:
That one’s in my name. But I actually purchased that property in 2015. So that was my first property.

Tyrone Shum:
And how she sourced out that first investment…

Sophie Walsh:
Since Daniel already purchased a property himself, he actually helped me out with that to save money. I didn’t have a huge deposit. So I sort of went for an entry level investment and that was in South Australia. I paid one hundred and eighty thousand dollars, and that was a three bedroom house in rents for two nights. And so we get a good yield of eight point three percent. So it was a good good starting property for me.

Tyrone Shum:
Having purchased her first property out of state, Walsh also shares whether or not Daniel and herself were actually able to visit the property before sealing the deal…

Sophie Walsh:
Not when we first purchased it. So yeah we did that one all from interstate, but since we bought it, we’ve gone down a lot.

Tyrone Shum:
Thinking back to who exactly influenced her to buy property, Walsh shares that it was Daniel rather than her parents who got her into investing…

Sophie Walsh:
My parents I wouldn’t say were so much influencers. So they’ve sort of owned their own home and done that the traditional way where they’ve paid off their own mortgage. So yeah I would say definitely Daniel was my influence to get into property investing.

Tyrone Shum:
Undoubtedly a power couple in the investing world, both share that since purchasing Sophie’s first property, their combined portfolio has only grown…

Sophie Walsh:
Since then as a couple we’ve been building our portfolio together. So I think after we purchased my one we’ve purchased …

Daniel Walsh:
Since we’ve purchased Sophies, all up we’ve got nine, I think it was around seven more that we started building together. Yeah it was really from there. We really bought – So I bought two properties myself and then Sophie bought her property and then from there we really started building a portfolio together and really strategically building in terms of different names to get around things like tax. That kind of stuff.

Tyrone Shum:
Coming up after the break we will delve further into Sophie and Daniel’s journey and how they grew their portfolio….

Daniel Walsh:
Because your properties double the value within around five years we were able to leverage from those properties quite quickly

Tyrone Shum:
The trying moments they’ve faced….

Sophie Walsh:
I had a moment when I was working at the training of that organization. And I found out they were selling the business. So that was in the middle of buying my first property

Tyrone Shum:
And much, much more! I’m Tyrone Shum and you’re listening to Property Investory.

Daniel Walsh:
For us I mean we started so young and were able to you know make sure that we correctly researched properties at a very young age and get the right property from the start. Because your properties double the value within around five years we were able to leverage from those properties quite quickly which was you know we did our very first probably was savings so my property was all about saving the first house. So it was all about saving for her house and then after that we used the equity from all of those properties to be able to continue to build that property portfolio up to 4 million that it is today. We even bought a property last year in January in Victoria and that was our last purchase that we did buy.

Tyrone Shum:
Despite this success, there were certainly some trying times they had to go through when investing…

Sophie Walsh:
I had a moment when I was working at the training of that organization.

And I found out they were selling the business. So that was in the middle of buying my first property. So I sort of had to get through that challenge of you know losing my job and still having to go through with the transaction of the property and at that time I just made sure I had enough of a buffer to get me through the purchase.

Tyrone Shum:
While this was definitely a more difficult time in her investing journey, Walsh shares that it was by knowing how much time she had left in that role and having planned everything in advance that she was able to overcome this situation…

Sophie Walsh:
I did have a couple of months but I did have my pre-approval in place already luckily. So I just managed to get through and then sort of within a few weeks after that I managed to get another role at another training organization. So luckily I wasn’t out of the job for too long. So yeah that helped.

Tyrone Shum:
Do you think it would have affected you at all or without a job because it would have been self-sustaining?

Sophie Walsh:
Yeah well that’s right it wouldn’t have affected me because if anything I was having money come into my pocket each week so. It was more if I had maintenance come up straight away being a new purchase that there’s always teething issues. So that was my main concern but luckily we got through that.

Tyrone Shum:
While her first investment did come with some struggles, Walsh shares that ultimately, buying that first property only cemented her belief that buying property was a beneficial investment for life…

Sophie Walsh:
When I first purchased my investment property and you know realizing that it was positive cash flow and it actually puts money in my pocket each week. It was sort of my aha moment was why wouldn’t I buy an investment property that’s not only not going to cost me anything to hold but it’s going to appreciate over time. Like why would I put my money to you know a car or a depreciating asset when I can buy something that’s not going to cost you anything but give me money over time. So I guess that was my aha moment with you know, why I should be property investing.

Tyrone Shum:
Putting things into perspective, Walsh talks about her role as a project manager and what she did at the time to her property…

Sophie Walsh:
I was in property management [for] two years. And over that time I actually renovated my property. So Daniel and myself flew to the property in Adelaide and we of course outsourced it and got a painter and carpenter, and got a new kitchen in there sort of did a full renovation on it. Or we take the opportunity to go over there and have a look at it at the same time as it was getting renovated because we hadn’t seen it in a while.

Tyrone Shum:
That’s really good and how did that turn out? That renovation?

Sophie Walsh:
Yeah it was really good. We managed up the rent as well so that even put even more money in our pockets each week and upped the cash flow.

Tyrone Shum:
She shares that the decision to renovate was one based on good timing that ultimately worked well in her favour…

Sophie Walsh:
We had a tenant vacate it and so that’s when we decided you know it’s time, it needs a reno. So yeah. Did the necessary renovation and then yeah we released it for 30 dollars more a week with the renovation. So it’s quite an improvement.

Tyrone Shum:
And how much the renovation cost…

Sophie Walsh:
It was 20000. So we put in a new kitchen, painted, carpeted it, put new blinds few new doors, what else did we do? Yeah we did some landscaping in the garden as well just to tidy it up yeah but about $20000 it cost us.

Tyrone Shum:
Having been able to successfully renovate that property, Walsh shares that her knowledge and experience in the property management field has definitely come in handy when managing her own property…

Sophie Walsh:
Being in property management I definitely see the value like not only being a happy home but you know having my own property management managers in other states for my property, you just really see the value in what they do for you or you know they are worth it.
For example we had one owner try and rent out their property at the same time that we were trying to rent it for them. And I think in the end they ended up finding someone but of course they don’t have the same tenancy checks that we do so they haven’t been able to background check them. And in the long run you know they’ve put in this person they haven’t been able to check on that they’ve taken in. And in the long run they’ve been out of pocket more because it costs them money in tenancies and damages and loss of rent because you know they weren’t able to do the necessary checks on these tenants and look after the property like we would be able to. So seeing even that outside of property management you just. You definitely want to get a professional.

Sophie and Daniel Walsh:
I think you shut off your mindset when somebody says that they’re an expert in what they do and you can be an expert but you need to be an expert forever. Training and Learning.

Tyrone Shum:
This is Property Investory where we talk to successful property investors to find out more about their stories, mindset and strategies.

I’m Tyrone Shum and in this episode we’re continuing the conversation with Sophie and Daniel Walsh to learn more about the bumps they’ve faced along their journey, why growing their portfolio is just as important as making sure they pay off their debt, and why mindset and focus is the most important when it comes to success.

Thinking back through their property journey, Daniel shares a story where an upset tenant damaged his property….

Daniel Walsh:
We had a property, it was actually my second property and it was funny because I renovated the whole property and I was doing it myself and I learnt my lesson very quickly not to renovate yourself because it takes a lot longer and ends up costing you a lot more in the end. So what I did was I renovated that property spent a lot of time on it and I had some tenants that moved into it and they actually it was a husband and wife that is split up and he worked in the mines and what she did was take the kids and just left it one day and when he came back he’s obviously two weeks on two weeks off he came back to realize that his family had gone. So he got quite upset and decided to smash my windows, break the walls. He literally vandalized the whole house and it was quiet I guess confronting to see, you know to go around have a look at a property that was damaged and quite ruined.

Tyrone Shum:
While the site was definitely shocking, however, Walsh shares that there were some good lessons to be learnt from the whole situation…

Daniel Walsh:
What I realised afterwards was you know is always I guess outsource everything I do. And that’s my whole job, I want to outsource to someone else. So because I was paying my property manager at the time my property manager went around, she got all of the photos, she collected everything that was damage and got quotes to get everything fixed. We put that case towards the insurance and they paid out within about two weeks, they gave us a check. It was actually quite funny because they didn’t even come around to check off to see what was going otherwise they literally just went off photos and gave us a cheque straight away we got all this property renovated again back up to standard and we got our rent back. The guy actually paid all the rent as well that he’d missed out on so I was actually not out of pocket really anything other than the access from the property so I realised quite quickly I guess that after everything is said and done that it is fixable and that you just got to you know make sure that you have a really good team on your side and the property management side of that is your team you know they will go to tribunal for you they will fix your house when things go wrong. And that’s what they do every day so we rely on our team quite heavily.

Tyrone Shum:
Keeping this in mind, he explains why the team that you entrust your property to is integral to success in your property journey…

Daniel Walsh:
You’ve also got to just be really careful who you choose you know and that’s what comes down to your property managers as well. They will screen everyone the background check everyone to make sure that they get the right team in there so they don’t ruin your property and it’s only been that one property that it’s happened with, and it wasn’t a cheap property although it’s worth probably 650000 so it wasn’t like it was a two or three thousand dollar house. But it was really just one of those and you just look at it and say sometimes it does happen but you have the insurances in place to cover this so we treat it more like a business rather than an emotional purchase. So when we are buying and building our portfolios, it’s what can that portfolio do for us. And yes little hiccups along the way happened but it’s just one stumble in the journey that we’re trying to achieve which is obviously creating wealth through property.

Tyrone Shum:
Delving into the business side of things, Daniel share more about their company Your Property Your Wealth, and what makes it stand out

Daniel Walsh:
I think the very start obviously it’s our services so we hope everyone from the very start from financing and structure and is all the way to the end which is property management. So we have tapes around Australia that will hold all of our clients invest regardless of where the location is. But we really pride ourselves on our research. So I’ve been doing a lot of research since I was about 19 20 years old and I was very fortunate to have a mentor as my wife to teach me how to do the correct research. So so I guess to look at the background of that if we were to go in to look at an area I would do roughly 20 pages worth of data analysis on that one area just to see if it’s viable for me to then get on the ground and start looking at. So we spend hundreds of hours finding these areas to be our best and because of that we’ve been had extremely great success. You know last year we did 25 cent growth in Geelong you know over the last sort of short was within two year period. We did roughly 80 percent growth in Victoria from one of our areas there. So it’s all coming down to the research and making sure that when we get our clients on board that we’re giving them the research and the necessary tools to be able to create the wealth so we’re not only helping them as a buyer’s agent but we’re also educating them along the way and we’re very personable and what we do. So you know obviously we work together and we work alongside each other and being that we work alongside each other let everything gets attended to quite quickly in terms of e-mails and calling back people because it doesn’t matter where we are in the world if we’re travelling or for out in the office we’re always together obviously helping our clients achieve their goals which is obviously financial freedom.

Tyrone Shum:
Client goals aside, Daniel & Sophie delve a little into their own property goals, and what made them decide to invest at a young age where many others wouldn’t have thought about property yet…

Daniel Walsh:
We just wanted to create a better lifestyle for a job. For our family.

Sophie Walsh:
When we started personally and puppy so we can build a better future for ourselves. You know we didn’t want to shoot the blank. We wanted to be able to live life on our own terms you not have to be in a life.

Daniel Walsh:
Where you have to work everyday. Being able to do something really for us is giving back to other people. So now that we’ve been able to create I guess financial freedom for us also create a passive income through property it’s taken us eight years but I guess for us it’s now giving back and showing what we’ve done to other people so showing what mindset you need to be able to create financial freedom that you want. I think property is the vehicle to create financial freedom but it’s the mindset that you need in order to create financial freedom. And what I talk about a lot is for me you know and the way I’ve become successful with so few you know I oversee building this portfolio and creating the passive income is come down to mindset more than anything. And we teach mindset because my mind set roughly is 90 percent of the whole game and 10 percent of it’s investing if you don’t have the right mindset then you won’t be able to invest over a ten or 15 year period because you get deterred by little things that come into life and it’s been having it’s being able to have that strong mindset that you can push forward through I guess are obstacles that are going to come up in your life is going to have obstacles and we’ve had many obstacles in our life that has set us back and you know we’ve been able to just continue pushing forward and realize what our goal is and our goal was to create financial freedom and to live on our own terms and we’ve been quite fortunate over the last couple of years we’ve been able to go on many holidays and a lot of this stuff is being paid for via properties and we were very lucky in the sense that you know I remember going to work and I was only probably about 80000 dollars a year and taking my portfolio went up 300000 last year I was making more money from the portfolio at that time than my actual job. And now I think you know if you’ve been able to quit her job and I’ve been able to quit my job and now we get to work alongside each other every day and we’re able to take that on the road to travel as well as I guess do this from home as well.

Tyrone Shum:
Sophie adds that property for them not only became a way to earn money, but to live a life where they could enjoy their time together…

Sophie Walsh:
I think just on that you know Daniel you start do not shift then at an early day and that was really hard on us because Daniel had been working out and I’d get home from like an afternoon and some days we wouldn’t see it. Sometimes we wouldn’t even say to that for weeks on end, so for property to you know allow us to quit our day job. You have to start your own business and help out people that you know.

Tyrone Shum:
However while their journey seems pretty straight forward, Daniel shares that it was not easy to make the transition from full time work into property. There were a lot of behind the scenes effort being carried out by both himself and Sophie…

Daniel Walsh:
I think that really as well, we were you able to quit our jobs and be secure in quitting our jobs or starting a business. Starting a business is always a vulnerable time for anyone that starts a business. So being able to quit your jobs but knowing we’ve already got passive income that’s going to pay for our lifestyle so we weren’t under the enormous pressures of what business has to throw at you. Being that you know we didn’t need to be making a whole heap of money out of profit out of our business because we already had that sorted out and that was through the property side and it took us you know roughly eight nine years to be able to do that it wasn’t an easy journey. I was working long hours doing six seven days a week and a lot of the time know was likely to sleep three four hours a day at some point but I knew my goal and I knew that. Why are we doing this so I guess really both of us have been working up to this for the last three or four years.

Tyrone Shum:
With financial freedom and a large portfolio being a feat that many people aspire to achieve but little get to obtain, Walsh explains why experiencing property success has led to him and Sophie starting their business…

Daniel Walsh:
On that as well, that was one of the reasons why we started our business is we not only do we want to give back. We ended up I guess creating what we created and a lot of people were very inquisitive on how we are living this lifestyle. You know like last year were away for probably two months and people wanted to know how we did that. So not only that we’re now showing people firsthand how we did it. It’s not you know helping people without I guess the knowledge behind it. We’ve actually been in the trenches working our butts off for the last decade and we’ve been able to give real life experience to all of our clients and I think that’s what people like because they like to see you know other people that have done it but also had to get in the trenches and do the hard yards as well.

Tyrone Shum:
Speaking of portfolios, Daniel explains more about their investing strategies, telling us how he was able to grow his portfolio last year by three hundred thousand dollars…

Daniel Walsh:
It was a combination [of cash flow] probably mostly it was from the equity but we bought a property quite well last year in Geelong that rose 25 percent. So we did quite well out of that with a couple of other properties also in Queensland and couple other Victoria properties that were doing quite well. So we were yeah you know, we’ve slowed down a little bit in terms of our property purchases for now because we’ve been also focusing on that business, but we’re actually now looking more each to put more buffers in place which is you know creating more passive income while paying down debt. So we’ve been focusing on paying down debt for the last two years and we’ve been quite successful to get our portfolio to roughly a 2 million dollar equity stake so 50 percent of the 4 million dollars which was was our goal.

Tyrone Shum:
And the strategies he has in place to be able to not only leverage the portfolio to live a comfortable lifestyle, but to grow it as well..

Daniel Walsh:
For us now we access it via just the passive income from obviously now that our debts are lower and it’s actually creating a passive income. We could increase that cash flow so for us we could sell down some property and pay off some properties to reduce that debt even quicker. But what we didn’t want to do was reduce our exposure to the market. And what we know is the largest amount of asset base we can hold through a cycle means that the more wealthy we’re going to become. And if I can hold a four million dollar property portfolio through a cycle and turn that into eight million dollars then I’m going to be able to create passive income because rents will also go up over that period of time. And I think you know if you sell out too early and try to reduce your debt too quickly then what happens is you also reduce your exposure. She needs to really look at what you’re trying to achieve and for us it was a balance we wanted to have an up passive income to be able to pay for all of our I guess immediate expenses, but we also wanted to have as much exposure to the market over the next 10 to 20 years that we can now create immense amount of wealth. Because creating 2 million dollars in wealth is great, but you know when I can turn 4 million into 8 million that’s when you really see the fruits of your labor. And that comes you know within that 10 to 20 year period.

Tyrone Shum:
Coming up after the break we will delve into Sophie and Daniel Walsh’s education they undertook before starting their journey…

Sophie Walsh:
At the start to be honest Daniel drives me to a few seminars. So at the start I wasn’t too on board until I really saw what investment was doing. So yeah at the start we went to  a lot of investment seminars and expos, where Daniel did a three day course on investment.

Tyrone Shum:
The best advice they’ve received on their journey

Daniel Walsh:
I think for me being you know one of my mentors has 21 House itself and he said you will reap the rewards if you stay in the market long. And for us that’s when we started setting goals.

Tyrone Shum:
All this and much much more! I’m Tyrone Shum and you’re listening to Property Investory.

Having learnt that staying in the market is integral for long term wealth, Sophie and Daniel talk about the resources and mentors they turned to, to educate themselves about these types of things in property…

Sophie Walsh:
At the start to be honest Daniel drives me to a few seminars. So at the start I wasn’t too on board until I really saw what investment was doing. So yeah at the start we went to  a lot of investment seminars and expos, where Daniel did a three day course on investment.

Daniel Walsh:
So that three day course I actually did that when I was out 20 years old so yeah I was quite young when I actually did that that course I mean I still do courses I still do. Even now with business you know I just spent five thousand dollars last year on doing a three day business course.

And I just see the value in learning from other people that have you know done it themselves and they haven’t just went to uni and learned that they’ve actually done it in a practical sense. So for me it was about learning from- And every mentor I’ve ever had. It’s about learning from somebody that has practically done it. It’s funny a lot of people are you know been my mentors actually don’t really have any educational background they’re not uni people or anything like that yet excelled in what they’ve done because they’ve stuck it out for so long. So if I can tap into their knowledge that they’ve had for 20 or 30 years and get that knowledge for a fraction of the price that it costs them for their mistakes over that time. Then for me it was really well worth paying you know five or ten thousand dollars for a course and to some people it sounds crazy you know. Ten thousand dollars you could pay for a day course. Yet I could see the value if I can get one thing that pushed me to the next level were then that ten thousand dollars was well spent for me.

Tyrone Shum:
Daniel reiterates that is due to the experience of those who run these seminars that the value of these courses are cemented….

Daniel Walsh:
I’ve been to a lot of seminars and been told what not to do and that is also just as valuable because you’ve got to learn you know what to do but also what not to do you know what’s going to cost me in the long run. So if you can learn those mistakes from somebody else then you don’t have to make them yourself.

Tyrone Shum:
With Daniel going to most of the property seminars, Sophie explains whether or not her active status in the property world has led her to educate herself in property more often…

Sophie Walsh:
We went to one not long ago actually. And even today you know I think myself and Daniel still learn you know more. You can never stop learning.

Daniel Walsh:
I think you shut off your mindset when somebody says that they’re an expert in what they do and you can be an expert but you need to be an expert forever. Training and Learning. And for me it’s always been about yes I know that I’ve been able to create great success but it’s not the end goal for me. I want to learn as much as I possibly can. And you know we’re still learning every single day. We still pick up things all the time and I think that people you know if you can do that and just continue learning and not I guess some people get their ego in the way you don’t let that get in the way then you can also continue learning a lot of different things and a lot of different skills along the way.

Tyrone Shum:
In terms of educating herself through books, Sophie admits that what she reads in her spare time actually isn’t always related to property…

Sophie Walsh:
To be honest when I’m not working in property I try to keep my mind on other things. One of the previous most recent books I read was on Roxy Jacinto and sort of it was sort of a business related book sort of about her story and where she got to where she is today and I sort of like those by of books to say you know where people come from and where they are today.

Tyrone Shum:
With the best advice they received coming from a mentor rather than a book, Daniel shares what he believes is the best tip he’s been given along his journey…

Daniel Walsh:
I think for me being you know one of my mentors has 21 House itself and he said you will reap the rewards if you stay in the market long. And for us that’s when we started setting goals so we have a 15 year goal and the reason why we have a 15 year goal is because we know that you need a very strong mindset and regardless of what happens to property whether it goes up whether it goes down whether policies come in and whether policies go. We knew what our goal was and we wanted to stick to the goal regardless of what happens because we believe that over the long term properties will increase and that we’ll be able to achieve that goal as long as we stick to it.

Tyrone Shum:
Sophie also shares with us a personal habit that she believes contributes to her success, not just in property but in daily life…

Sophie Walsh:
Everyday I try to get to F45 and that’s what keeps me going and keeps me they keep mentally fit you know I feel good after. F45 sort of like a almost like a gym like dance classes are.

Tyrone Shum:
Thinking back to the past, Sophie also shares the important piece of advice she’d given herself 10 years go….

Sophie Walsh:
I would say don’t sweat the small stuff. You know you’ve got time you know times on your side just don’t you know don’t let your stuff.

Tyrone Shum:
And what she’s looking most forward to in the near future…

Sophie Walsh:
In our investing I think it’s just continuing to build our portfolio you know breach you know our next goals of you know creating passive income and more income for ourselves so we can you know like I said live life on our own terms.

Tyrone Shum:
However, planning not only to grow their portfolio, Sophie shares that they’re planning on growing their family too…

Sophie Walsh:
We’re planning on having a family in the next few years so obviously we want to be set up for the future. We have kids and you know I think we’re on the right track.

Tyrone Shum:
With so much more than just property to look forward too, Sophie tells us why she think’s mindset has played an important role in her own as well as Daniel’s success…

Sophie Walsh:
One of these ones I think a lot of that came down to is mindset. Like I said when I started investing you know Daniel being my partner he was a big influence in my life. I guess just leaning on him and you know having been on the same page.

Tyrone Shum:
And Daniel explains why he believes luck doesn’t lead to success

Daniel Walsh:
I don’t think there was any luck involved very much hard work. I mean both of us sacrificed a lot. In the early days we’ve probably in the last two years started doing a lot more in terms of holidays and all that kind of stuff where people see that now but in the early days. I mean like I said I would go to work and we wouldn’t see each other for two weeks. So the sacrifice was quite large in terms of our work ethic and then all of that our spare time was the property you know back then so we never really had any downtime it was either working on our mindset set working on the property side of things or were actually at work ourselves so it was really just hard work and determination I think that you can get there sort of like a snowball and once it starts rolling downhill it starts to get bigger and bigger bigger and that’s really what properly investing is all about. It’s very hard in the beginning but as that ball starts to get bigger then it starts to become a lot easier and we’ve found that in the last two to three years just now we’ve seen the rewards from all of our hard work.

Tyrone Shum:
On a final note, Daniel shares why he believes his property journey has only been better with Sophie by his side, and why making sure property partners are on the same page is always important…

Daniel Walsh:
I also think it is really good partners like you said we get a lot of partners that come in and invest and I guess there’s a lot of people out there saying this is what we’re what I’ve done but I guess we’ve done this together and being on the same page for a lot of couples is quite. Trying to get couples on the same page and this is I guess where we’re influential to a lot of other young couples or other couples out there is you know hey we do need to be on the same page. We got to go down this road and you need to be on the same page in order to create what you want because if somebody is not on the same page then you’re always going to be fighting to the very end on obviously creating the wealth that you want or building the property portfolio that you want for very very true.

Tyrone Shum:
Thank you to Sophie and Daniel Walsh, our guests on this episode of Property Investory.If you want to hear more about their journey, then visit our website at www.propertyinvestory.com.

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