Buying For Sale Properties for his Investment at 19 Years Old
Joey D’Agata is no stranger to hard work, finding and buying for sale properties for his first investment just blocks away from his home at the young age of 19. From then, D’Agata has grown his property portfolio immensely, now having four titles to his name despite only being 25. Not only has he worked on his portfolio, but he’s also founded his own brokerage and started a personal training business all while working full time as a project manager at Commonwealth Bank Australia.
Join us in this episode of Property Investory as we delve into Joey D’Agata’s story to find out more about how he manages a busy schedule, what pushed him to get into the property sphere, why he made the jump to purchase out of state and what he’s learnt from his experiences along the way.
Working full time and running his own businesses, D’Agata shares what he does on the sidelines…
I work full-time employee for the Commonwealth Bank in Australia, I’m in project coordination.
I also run a small little personal training business from home and I’ve just started out my own company Estra property as a buyer’s agent operating in Sydney helping people buy from residents in Sydney and investing anywhere in the country.
With a busy schedule and such little time in a day, D’Agata is no stranger to the importance of time management…
For me, the secret is early waking. So if I wake up at 4:30 in the morning I I’ve got an extra two-three hours a day ahead of everyone else. For me being able to get up nice and early and really hard work ethic gets me through and allows me to juggle all those three jobs.
While this seems like a lot to handle on a daily basis, he shares that it’s in fact worked out well for both him and his client’s schedules…
In and around all of that to be perfectly honest I’m up training myself before all clients.
I’m generally up at the crack of dawn and that’s when I’ll start to respond to emails and I’m really focusing on the buyer’s agency space right now so I’m dedicating my early mornings there. I’m getting my clients response throughout the day while working for CBA and then in the afternoon if I don’t have any clients or in the evenings, that’s when I really knuckle down into the buyer’s agency space. And obviously the busiest days are going to be on Saturdays, where I’m attending inspections for my clients. Generally, it works well for me because my clients are time poor and busy during the 9-5, so I can’t get a hold of them anyway, so I get to hold them on the evenings and weekends.
So what exactly does a day in the life of Joey D’Agata entail?
So a day for me is, I’m up between anywhere between 4 and 4:30 am. I’ll get myself into the gym and get a bit of exercise done there while doing that, during my rest periods I’m on emails, I’m searching property or networking wherever possible. Then I’ll jump straight into a couple of personal training clients, usually two in the morning before I head off to work. Obviously the bulk of my days are done at work, where I’m the hardest worker at the bank, if I have a little brag about it. And then in the afternoons if I get a client I’ll come over and I have to train someone. If not I’ll try and schedule in some inspections on the way home from work. I have dinner and then I’ll just get straight back online and I’m back to my business in the evening, so it doesn’t leave a lot of time for much else, but it’s something that I’m really passionate about and I wouldn’t ask for anything else right now.
Thinking back to his childhood, D’Agata shares that he was born and raised in Mascot, Sydney…
I grew up and lived here all my life and it’s part of Sydney that I love and hopefully stop somewhere. I can call my home for the rest of my life.
I attended primary school here in Mascot as well and went to high school at Marsland college in Randwick.
And what he did straight after highschool…
I jumped straight into full-time university. I undertook a Bachelor of Applied Science and majored in exercise and sport science as I thought that that’s where the career was going to take me. I had a strong passion for health and fitness at the time and still do. So jumped straight into that full time while also working full time so I was working from the minute I left school. Juggling both full-time uni and full-time work was hard but it was something that helped me get to the position that I am today and really establish that hard work ethic from a young age. From there I made a shift away from the fitness industry into facility so I was looking after a recreational facility and that kind of led into the project coordination and management spaces.
That I see myself today.
Juggling so many responsibilities at such a young age, D’Agata adds that it has definitely impacted his work ethic in life….
Without having that instilled with me in me from a young age I don’t think I would be able to be where I am and be able to deal with a workload that I’m currently dealing with.
Obviously, on top of that, I try jumble in a social life, a relationship, family, travel. I absolutely love travel so I try and get that in whenever possible as well so there’s a lot on my plate.
But if you ask anyone that knows me I’m quite hyperactive so it keeps me mellow.
Throwing it back to eight years ago when he just got started in the workforce, D’Agata explains how he used his earnings than to get kickstarted in property investing…
Working through university. My old man who was a solicitor. And I got a kind of head for the property told me to save my pennies and put the money into a property. Just one investment property that will hopefully set me up for life later on down the track so I’m having that instilled in my DNA from my old man and having that lesson drummed into me growing up and kind of taught me the lesson of saving an just being wise with your money and prioritizing it so that that kind of was really as I said instilled in me and so with that kind of mindset I was able to save up all of the money that I saved through university and the first my first few out of university I was able to purchase a property in the Eastern beaches here in Sydney in Maroubra.
And that was very early 2015 just before things got really really hot in the Sydney market.
He goes on to explain what type of property he was able to buy…
It was just just a little one-bedroom apartment but it’s in the last street before the beach, so it’s a four-minute walk down to the beach a secure parking and nice three storey walk-up.
Something that I saw myself living in one day and I do plan to do that later on in the year.
With such dedication to finding and buying for sale properties at a young age and the successful outcome that has ensued, D’Agata explains whether his parents had any massive influence, this time talking about his mother’s approach to property and finance…
She spends it all.
So she’ll kill me if she ever listens to that, but I’m sure Dad can vouch for me.
No, but look they’ve both been great and being really influential in terms of prioritizing or getting my head straight I suppose.
But yeah it’s more, the drive comes from Dad. Mum doesn’t really understand and she’s a little bit scared when I say that I’ve got the amount of debt that I’ve got. She doesn’t fully comprehend it.
And even Dad, I suppose he’s a little bit afraid of risk, and I’m more risk-averse, but I don’t mind as long as I understand my capacity and my limits. And right now where I am now I feel pretty comfortable with the position that I’m in.
But yeah it was Dad, it was dad that told me to park money aside and put it into property is one day it will hopefully help me provide for my future.
While D’Agata explains that the fear of risk has held his father and mother back from buying properties that are for sale, his parents have influenced him in the importance of having a hard work ethic.
As I said he is literally afraid of risk so he has a little bit but not that he personally built up and a lot more came from his family.
So whatever he’s made for himself he’s running out and he’s worked to the bomb trying to establish that they’re there the kind of principles and I’ve taken on and I’ve got to where I am without any help from them other than the guidance and support from them I suppose.
Not really knowing what he was getting into when he purchased his first investment property, D’Agata shares that he definitely felt lucky to have started.
From 2015 I mean I was only 21 at the time so I didn’t really know what I was doing and then I liked it it was near the beach. Dad said it was good yeah let’s do it.
And I didn’t really understand the dynamics of property investing and just what it can do for you. So I was really fortunate that the first purchase was a successful one.
I really feel as though now and that’s what I’m saying is I train my clients on that first purchase can make or break for a young property investor if you select the wrong asset at that young age it could really hamstring you into leveraging into other properties. Fortunately for me, I had the opposite effect whereby it was a good purchase in that we saw some really short term growth.
It was this success in particular that not only led him to want to help other clients, but actually allowed him to expand his property portfolio…
From that, I was able to leverage into another property at Liverpool that was a private sale through a family friend that I knew. So I feel as I’d pick that up well under market value and I know it’s cliche to say but for me that purchase there was my aha moment it was really where things triggered were I thought yeah this is exactly what I want to be doing with my life. This is for me. Everyone needs to know about property investing and making sure that it’s done right. Because that purchase there I was able to secure such a large asset. Obviously it wasn’t multimillion-dollar property. It was only a two-bedroom unit in Liverpool – but it still an expensive asset without putting down any of my own cash into me as I said that was the aha moment.
Being able to control a large asset with zero of my own money put into it, being able to draw the equity from the capital appreciation from my Maroubra a property.
However, he didn’t just stop at the Maroubra and Liverpool property…
It was two years later in 2017 I purchased the property in Liverpool and then from there once my eyes were opened to this space and this world of property investing, I kind of just went nuts and started focusing all my efforts on there from kind of mid-2017, and from there was able to secure a property on the Gold Coast. So then I took my search outside of my backyard, outside of the home town, outside of my state, into the Gold Coast. And for me, that was more of a cash flow play because my properties here in Sydney were taking a little bit of money out of pocket although I did see the good growth and it was still costing me a little bit. On a weekly basis said that Gold Coast property really helped counteract the loss and help just bump up the position that I was in because for any season investor you know it’s all about being able to hold these properties long term.
While many investors are afraid to jump ship and purchase property out of state, D’Agata’s research led him to believe that buying in the Gold Coast would prove beneficial…
For me, this was in early 2018 so early last year just riding that Sydney bubble, as the bubble was kind of it was not I don’t like using the term bubble, but as the market as hot as it was starting to cool. There still weren’t – it wasn’t the right market conditions for me to be buying here in Sydney and again so I did take my search abroad. The reason why I settled on the Gold Coast is because I was just looking at the dynamics and I wanted to make sure that the property that I selected as being able to rent out to desirable tenants without wanting to offend anyone I suppose so some stable employment in the area I invested in, in Southport.
Some good infrastructure coming into the area as well. And as I said For me it was all about the yield. It was already tenanted I didn’t need to worry about it.
Achieving something like eight point three per cent. Wow. Gross gross yield on purchase and then six months later. The only thing I’ve heard from the property manager is that hey we’re upping the rent. And so you went from eight-point three to eight point six per cent, and that’s the only thing I heard from that property.
While success was the case for D’Agata’s first out of state purchase, he does stress that research still plays a big part in determining the outcome of any property situation…
Again this is where it really comes down to your research.
I didn’t just look at realestate.com, call the first agent that I saw and say, “Can I buy a property.” So it takes countless hours and effort and really dedicated research in order to sniff out the right deal. So yeah I mean it was the right, the vendor needed to sell.
It just made sense the numbers stacked me around my cash flow equations and it’s been a great purchase for me.
Providing us with insight on his phenomenal journey so far, D’Agata explains that while he hasn’t necessarily had a horrible investing moment, there have been a few less than ideal situations he’s had to deal with…
For mine, I haven’t really, fortunately, and touchwood, I haven’t really had a terrible investing moment. The most testing moment that I had was when I was just about to settle on the Gold Coast purchase. Early last year my tenant actually vacated the property at Maroubra and I know that it was in original 1970s condition. So it was pretty poor timing there being quite young and new, newish into the workforce I needed to kind of really prioritize my cash in terms of I was about to settle on a properties needed to make sure the money was there for settlement, but then also knew that I was going to need to put in a fair amount of money into a renovation of the property that the support of family and friends arrived at that renovation done really tastefully for a pretty neat price and then they would increase the rents and find a tenant, pretty quickly.
But yeah for me that was the scariest moment when I pretty much didn’t have a dollar to my name. I had a whole bunch of debt and didn’t really have much money to show for it.
Lucky to have people to help him in that situation, D’Agata takes a moment to elaborate on what he would’ve done if he hadn’t had that support network…
I would have to try to leverage off as many networks as possible. Fortunately, it was in my backyard I was at the time working 10 minutes up the road. I only live 15 minutes away from there now. So I was able to pop up and back and forth during, during lunch breaks after work hours on the weekends and I was fortunately fortunate that it fell over a couple of public holidays so I was able to get some of the work done there while I was still getting paid from work. To be perfectly honest with you I was strapped for cash at the time and I did. Looking back I don’t know what I would have done if I didn’t have the help and support that I had right now.
Nevertheless, with so much success in his journey so far, and so much more to look forward to in the years ahead, D’Agata explains his point of view on why investing as early as possible is so important to him…
For me, it’s all about that sense of delayed gratification, although I don’t go out and buy a flashy car, and don’t go out for brunches, and dinners all the time. I knew that for the time being this is how I wanted to spend my money because I hope that as the saying that I was told, “If you help plant and nurture the seed, hopefully, we can grow a big tree that can provide shade later on in life.”
And further adds to why he’s taken his current approach to invest, when other people his age are usually just going with the flow of daily life…
I suppose if we do what everyone else is doing you’re not really going to get, well I’m not saying you’re not going to get far, but you’re going to stay with the masses. So I’ve decided I’m going to do something a little bit different, I’m actually just settling tomorrow on my fourth purchase
Having four properties to my name at the age of 25 is very exciting. But you’re exactly right in the sense that I understand what delayed gratification means. And for me the phenomenon that is capital appreciation and compounding growth, on growth, on growth, and to be able to get in at my age.
None of that is just an absolute wonder for me in 20 30 years time and that’s the real long term vision that I have.
I’m not about holding a property for 18 months and flipping it. To me, it’s a decades-long game that if I’m in now I’m going to see more reward than if I jump in 20 years later. No one ever said that they wish they had started investing in property 20 years later.
All about that Hustle: Joey D’Agata on Life, Property & Work
Currently utilising the buy and hold strategy when it comes to building his property portfolio, D’Agata shares that his initial approach to investing was quite different…
For me, I just want to preface by saying that it didn’t even start out like that. For me, I was you know going to buy that first property to then sell to buy that family home.
So again that was what was instilled in me from my old man saying invest now and then you can sell it to them and leverage into that family and always have that conversation of, ‘Dad, house prices here in Sydney are minimum one million and then in the suburb, I want to live in I’m looking at one point five. How is anyone going to afford one point five?’ He said you buy an investment property, you leverage that way, sell it and there’s your down payment on the house and you pay the mortgage for the rest of your life. And for me, that really didn’t resonate with me and we’ve got a great relationship whereby I immediately took that on as the task to go well I’m going to make sure that I don’t do that with my life. I just want to kind of break away from that kind of mindset that I suppose his generation had where you have to make sure that you have that family home, you pay it off as soon as you can. You keep working to pay the bills and whatnot.
He adds that while purchasing that family home is still a goal he has, renting at the moment is integral to his investing strategy…
Being a Gen Y and as much as I hate the term rentvesting.
I dare say it’s going to be a path that I’m going to take up because I do see, I do see the value in it. Rent where you want to live and park your available cash where it makes sense as an investment for you.
So that’s where I see my life taking me.
Thinking back to his previous investments, D’Agata shares the research process he went through before settling on those properties, as well as his current approach to purchasing…
So in terms of building out the portfolio. So for me the first one it was kind of I just liked it. I didn’t really know what I was doing I just wanted to buy somewhere where I could drive past and see it. From then
I really started to look at numbers. For me, I’m huge about the numbers. If it doesn’t make sense financially and it’s not on the stack then I won’t go near it because if you don’t have the right cash flows in place and I’m not saying you need to look for the positive cash flow properties because I personally believe you need a mix balance depending on what your goals are.
I’m not saying you need me I’m saying I would like a mixed balance because I’m personally after some capital appreciation but also in order to achieve that capital appreciation and to build a substantial asset base we need to make sure that I’ve got the cash flows in place to sustain that.
So that’s why my purchases will be staggered in terms of a bit of appreciation, a bit of capital growth and a little bit of yield in order to counteract that make sure that I can continue to grow while maintaining a reasonable amount of cash flow. While not impacting my life because obviously what’s the point in getting to 60 something and having all this money and you’ve wasted 40 years of your life doing nothing.
While gaining finance and investing in the current market seems difficult, D’Agata highlights that buying property isn’t impossible if you’re willing to put in the work…
That’s something that I really wanted to kind of get across to the listeners and especially those listeners who are in the similar age bracket in the US Gen Ys who are so all doom and gloom, we’ve got no chance with anything.
For me, it’s about hustling. We can’t expect that everything is going to come to us on a silver platter. Obviously yeah our parents bought for sale plots of land in nice suburbs here in Sydney for thirty thousand dollars, but they are also earning peanuts when we can compare it to our median wages now.
So how I manage to balance that personally is I’ve been fortunate enough to be able to get some pay rises in the jobs that I’ve jumped through to, so that definitely helps serviceability. Obviously the more you can show the bank you’re earning on a weekly basis the more willing and the higher they’ll go in terms of lending to you.
Drawing on his own experience, he shares how budgeting and keeping clean account books is another factor that can improve your chances of gaining finance…
On top of that I’ve just shown really, really clean account books for the last nine or so months as I know I knew I understood the financial environment that we were entering and I knew how close the banks were looking at your expenditure and you can’t any longer say to Mr. and Mrs. brokers that hey my expenses are fifty dollars a week because I’ll start looking at your bank transactions and I’ll go well you spent McDonald’s on a 2 a.m. on a Saturday night and how is your monthly expenditure?
So for me, I’ve been able to keep really clean my expenses.
So I’ve only been spending money on the absolute essentials to keep my portfolio running. And I’ve got the luxury of falling back on that personal training income to use as my supposed play money and that’s what I use to keep that social life happening, to save up to go on holidays and whatnot because as I said, travels a really big passion of mine so I like to go away on an international holiday at least once a year. So I’ll try and squeeze adding There’s also that requires really really the really strong amount of hassle and that’s the one thing that if I could try and get across to the listeners like we, our generation we really need to hustle as much as we can there are opportunities out there.
Left-right and centre for us.
However, while keeping track of your spending habits is definitely important, D’Agata explains that you can have a little leeway when it comes to spending…
Really, really funny story.
So I’ve got a really solid relationship with my mortgage broker and he actually called me saying the banks don’t think that you’re alive. Like you’re going on so little expenses that they almost don’t believe you. So I suppose I maybe took things too far the opposite way. It was almost like he was suggesting, mate can you go down to the coffee shop and actually show that you do have that card. Can you please throw that on PayPass. So again I probably took it a little bit too far the other way in terms of making sure I had a squeaky clean book. So yeah, but it does show that if you do keep this clean books they are also willing to lend to you even someone like myself who he’s already got a fair amount of debt to my name, they’re still willing to throw the money at me.
Another important factor to consider before getting a loan is what bank you go to, D’Agata explaining why he uses a broker to source him the best loans…
I did end up going to the Commonwealth Bank, so shout out to work there haha, but no, it was pretty much I got a really trusted broker who sources to be the best loans every time. And again that’s something pivotal to an investor making sure you’ve got that really solid A-team around you and I think that I’ve got that.
I mean if there’s a bank willing out there. So, for example, the Commonwealth Bank closes the door on lending to me, I’m very much open to going with another bank and that’s why the broker’s are there. There’s a phenomenal service whereby we don’t pay them a cent to go and source us the best deals, to save us the most amount of money is just for me I don’t know why anyone would consider wouldn’t consider I would do anything other than using a mortgage broker.
I feel as if they’re so pivotal to any property investor.
Going back to the buying process, D’Agata mentions the criteria he looks for when purchasing for sale properties…
Primarily it’s understanding what the client’s objectives are [and] what their goals are. Not just today and tomorrow, but in the future. So once you identified a brief for them or for myself it’s about sourcing that perfect property that’s going to make sense for now and for the long term as well.
And why staying active in the property market is important regardless of whether you’re buying or not
Having been in I suppose in the game for a little while and having the personality where I’ll speak to anyone about anything.
I’ll just call agents and just have a chat to them about the market rather than looking at their listings online and hoping that maybe one’s going to pop up. I’m active, I’m out there I’m speaking to agents on a daily basis even if I’m not even interested in their marketplace or for example if I only want an apartment in their market that they’re doing in formula or houses I’ll still speak to them because who knows one day. Someone might knock on your door and say hey I want a four million dollar house in that market, so I suppose it’s kind of leveraging and networking as much as possible. It really opens up doors that your everyday buyer wouldn’t have exposure to.
However, while D’Agata does keep tabs on the Australian property market overall, he shares that there are particular markets he focuses on…
As I’ve said to a couple of my clients and some of the business partners that I’ve been networking with, I am dealing in the primary residence space. I’m hoping to buy family homes, forever homes for people here in the city market and also looking to help those wanting to invest here in Sydney and also everywhere in the country.
But somewhere that makes sense for me I just wouldn’t feel comfortable giving my client some advice saying I think today’s a terrific day to be investing in the two-bedroom apartment market in Darwin. Just because I wouldn’t I wouldn’t feel comfortable parking my cash there.
I just had the other day, a client who was looking to invest in Perth which has been heavily debated about. Personally I’m not investing in Perth but for them, it was something different, they’ve got the intention of relocating there in 12 months time. So definitely staying borderless with the investing approach, the primary residence buyers here in the Sydney market that I know like the back of my hand.
And why for him, personally investing now, isn’t such a bad idea…
So I’ve just executed on what I feel was a bit of a distressed sale in a pretty hot pocket of Sydney that only 18 months ago was attracting 50 to 100 home buyers to the door.
So it’s a great time to be buying here in Sydney.
In my opinion.
All in all, D’Agata emphasises that given time, research and decent property purchase, delayed gratification will come into play, benefiting the individual in the end…
We’re only a fairly young country when compared to other built nations and I think provided you don’t pick an absolute lemon and you’ve invested in a fairly decent enough area. Time will heal wounds and that’s why I’m appealing to the young buyers now that now is the time to get in while we’re young and while we’ve got time on our side and with compounding interest times a massive factor, for every year that I’ve just written an article for API and in there I’ve got the break the breakdown of whether you would rather take a million dollars on day one or whether you’ll take one cent compounded for 30 days, what would you rather? And everyone that I’ve spoken to said I’ll take the million dollars and I said to them well you’re a fool. You’re negating millions on day 30.
Continuing on with his property investing strategies, D’Agata shares whether or not his property investment plan involves one day investing in the commercial property space…
I do see myself there one day but just because I know I’ve got time on my side I can, I can start to help I can just really build that acute accumulation phase now. I can keep slowly adding more properties onto the portfolio and then yeah I do see myself fairly soon jump into the commercial space. But just having learned from people who have done it in the past. People who have jumped headfirst into commercial and lost and lost big time because there’s a tenant being vacant therefore that probably been vacant for 18 months and you’re still paying thousands of dollars per month in your mortgage. So yeah just from my research and my understanding is it’s better for the season and this is good a little bit more skin in the game and understands the process.
I do think I’ve got a little bit to learn before I jump into that space but I do see myself there.
While getting into property has undoubtedly been drilled into him from a young age, D’Agata shares that there are other personal motives behind his desire to build a portfolio…
For me it’s all about financial independence, it’s about financial freedom. At the end of the day for me I don’t want to be able to, sorry I don’t want to be there relying on government payouts, I want to be able to support myself and be able to when I choose to retire and retire out of choice rather than my knees given way.
I want to be able to have choices later on in life and that’s all it’s about.
For me, I wanted to be able to hopefully create a bit of a legacy for myself, my family and for future generations as well. That will be an absolute dream of mine.
However, though everything has been generally smooth sailing for D’Agata, he explains that there were aspects of investing that initially held him back in the beginning…
A lot of apprehension a lot of fear around seeing your bank balance as a young 20 20-year-old, 21-year-old, seeing it go from where it was to next to nothing in making that first purchase. That was really, really hard to let go of now as I’m as I said I’ve become accustomed to that just being a process but initially that was really hard to say all of that money go.
But what was it about his first investment that alleviated his fears and worries?
I suppose having the benefit of seeing the property that I did park all that initial cash in do quite well. So that really took a lot of the apprehension off of my mind if it had been as I said a Lemon then yeah maybe I’d still be as apprehensive as I was on day one but because it’s done quite well for me I’ve just gotten none of that seriously.
I’m definitely saying Don’t be fearful, definitely be fearful because it’s huge it’s a lot of money that we’re talking about as long as you’ve done your research, you’ve engaged professionals to help you along the way it should be pretty seamless process.
Touching on the importance of research and making sure your purchases are beneficial to your investing plans, D’Agata talks about what he considers a ‘lemon’ property and why you should avoid it…
For me, a lemon is something that’s going to hamstring you in terms of being able to borrow again. But we can’t say that because something that is going to hamstring you might grow incredibly. So it’s going to hamstring in terms of your serviceability and it goes backwards in terms of capital appreciation at a rapid, rapid rate. And again as I said with property if you play the long game, you’re going to really find hard to struggle unless you – and by lemon again it fits the criteria that if we see capital depreciation and quick and it’s hurting you to hold this property, then I’d classify that as a lemon.
While the outcome of a property purchase isn’t always guaranteed to be a good one, D’Agata shares that there are resources you can use to avoid to learn more about investing and making the right decisions…
So being a Gen Y, I’m all about the podcast it’s all about the podcast so I just love it.
For me being able to sit on the train, going to and from work being able to work out listening to podcasts. It’s two hours a day of free education by experienced guys like yourself with skin in the game, who have phenomenal guests on there, sharing their knowledge. Why wouldn’t we take advantage and learn from these guys mistakes, learn from what they did well and what they didn’t do so well? That’s absolutely phenomenal. In terms of books, I suppose where did it start for everyone? Robert Kiyosaki, Rich Dad Poor Dad, that’s where kind of really kicked off for me. I actually went back and then went into The Richest man in Babylon after that. But I think those two books are really fundamental for anyone thinking about property investing. We see Kiyosaki being Hawaiian, some of the ins and outs of it aren’t relevant to Australians, but the overall subject matter is the same and that there are really valuable lifelong lessons in there. So yeah they’re the I suppose the books that anyone just wanting to dip their toe into space, that I’d recommend but yeah other than that it’s all about the podcast. You cannot believe the amount of free content available out there.
He continues on to explain why he thinks podcasts, in particular, are important for both the new or seasoned investor…
For a property nut like me, there’s not one podcast that I wouldn’t listen to. So I’m subscribed to about 25. So there are some good recommendations and feel free to message me on social media I’m happy to give them the answer because yeah there’s just a plethora out and it’s just really really nice to get the decent podcast hosts like yourself and you’ve got a completely different audience on there. And there are others that delve in different dynamics and have different strategies. So it’s really nice to get an overall picture of everything that encompasses property investing and you can pick the little pieces of those podcasts and their guests that will resonate with you and you can move forward with that as your direction.
Continuing on with this talk of advice, D’Agata shares the most influential piece of advice he’s heard in his property journey so far…
For me, it’s always been about that long term, that long term game. Get in get in as early as possible, get in as young as you can and just wait wait wait wait. Let time do the heavy lifting for you.
And the personal habit he believes has undoubtedly influenced his success…
For me, it’s all about hard work and hustling wherever you can.
There are endless opportunities out there. It’s just about opening up doors taking advantage and really be vulnerable, put yourself out there because people are quite receptive. Not they’re not as big and scary as you think they are and people who have done well, genuinely want to share they’ve done all and they’re willing to kind of share that information with you and they want to help you get over the line as well. So really try and get yourself out there as much as possible.
Despite his journey being amazing so far, D’Agata spills that there is something he would have changed in his past, particularly if he met himself 10 years ago…
Go and get another job. Because I only had one when I was 15. I was only working at McDonald’s, go and work at KFC as well.
Thinking to the next five years of his property journey, D’Agata shares what he’s most looking forward to…
I’m really excited about the opportunities that the markets are presenting. While others are young and here we go, I’m going to rip out another quote, “Be greedy when others are fearful and fearful and others are greedy.” So when there’s a lot of apprehension in this Sydney market I think now is the time to go. I’m really excited about the opportunities that present themselves there in terms of my personal investing. But other than that I’m really excited about where Estro property the buyer’s agency started, might be able to take me.
I’m really excited to be able to help young, old and seasoned property investors get into the market and help build out a portfolio for them.
On such a positive note, and with so much to show for his dedication at a young age, D’Agata explains whether he believes luck or skill is accountable for his success
I’m going to say a fair bit of it is luck.
Because I think without that purchase at that time at Maroubra, I don’t think I’d be where I am and I may not have had some other fortunate experiences if not for that property. But I’m not going to say that I’m not hardworking and diligent because that would be a pretty much a let down on myself I suppose. So I don’t know I’ll go 50/50! No more! 60 per cent hard work and 40 per cent luck, but I suppose you would have to put in the hard work in order to get yourself into those fortunate situations so without the hard work there would be no luck.
With so much knowledge to share both in regards to his personal journey or as a buyer’s agent, here’s how you can get in contact with him..
So anyone can feel free to jump on any social media platform on Facebook, Instagram, LinkedIn search Estro property or you can feel free to search me I’m Joey D’Agata, I think I’m public on most platforms to feel free to get out. I’m here to have a chat with anyone. I’ll have a chin wag to absolutely anyone about anything property, so no obligations if you want to get in touch 24/7, reach out.
This episode was produced by Ashlyne Ocampo with narrations and interviews conducted by Tyrone Shum.