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Listen "This Doctor Built an 11-Property Portfolio on a $70k Salary (Here’s How) | Ep. 33"
Episode Synopsis
Join 28,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors -----In this episode, we’re joined by Dr. Daniel Lamp, a General Practitioner and the host of Passive Income Doctor Podcast. Dr. Lamp shares his journey of building a property portfolio from scratch, starting with a modest $70k salary and growing it to 11 properties.Dr. Lamp breaks down how he scaled his portfolio in the early years by focusing on smart investments instead of relying on outdated advice, why selling one property enabled him to buy eleven more, and how structuring investments through trusts gave him the ability to unlock more lending power.He also discusses the key lessons he learned from buying his first property at 23, how he navigated the challenges of a changing property market, and why he believes patience and a strategic mindset are essential for long-term success in property investing.If you want to learn the strategies that allowed a doctor to build wealth despite a low salary, understand how to leverage trust structures for property success, or discover the truth about scaling a portfolio in today’s market, then make sure to listen to this episode!-----TIME STAMPS:00:00 - Intro/Hook01:42 - Daniel’s Background02:38 - Daniel’s Investment Journey04:55 - First Property Investment: What It Took08:50 - Regrets About His First Property Investment13:42 - Rental Yield Back Then vs Now14:41 - Lending Then vs Now: What’s Changed15:41 - How Daniel Built His Property Portfolio19:32 - From Individual Name to Discretionary Trust with a Corporate Trustee22:25 - What’s Next After Building 11 Properties?24:43 - The Limits of Owning Multiple Properties26:10 - Housing Affordability in Australia28:06 - What Would Happen If Everyone Could Only Own One Property?36:40 - Is Property Still a Good Investment for the Future?45:20 - Why Finding Property Was Easier Back Then48:31 - The Concept of Negative Gearing Explained49:24 - What If the 50% Capital Gains Tax Discount Was Removed?51:04 - Conclusion/Outro-----SHOW NOTES LINKShttps://ifdgroup.com.au/ https://doctorbi.com.au/ https://au.linkedin.com/in/mian-bihttps://www.linkedin.com/in/daniellamp/https://open.spotify.com/show/4qMjSnnyvChQYShMop4lfC?si=dfada7b2a6174a19----- LISTEN TO THE PODCAST Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast ----- FIND US HERE Website: https://ifdgroup.com.au/ Facebook Group: https://www.facebook.com/groups/investingfordoctors Facebook Page: https://www.facebook.com/investingfordoctors ----- DISCLAIMER The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
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