Property expert Sam Gordon reveals how he owns 108 properties
An Aussie from a working class background has revealed how he bought 108 properties and why he doesn’t think it is tasteless to talk about it.
Investor and property expert, Sam Gordon, recently went viral after his property investment firm’s Christmas party caught flack online.
The firm Australian Property Scout celebrated the end of the year on Sydney Harbour and filmed a TikTok where everyone shared how many investment properties they owned.
It immediately caused divide.
Some viewers found it aspirational and others dubbed it tasteless, but Mr Gordon, who is the director of the company, remains unbothered.
The 34-year-old owns 108 properties himself and he said the Christmas party was about everyone celebrating a year that was “hard fought”.
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Mr Gordon didn’t think the video was distasteful, in fact, he thought clients and potential clients would see it for what it was: Proof that the people telling them how to invest in real estate are practising what they preach and killing it in the real estate game.
“Clients always ask ‘how many properties do you have?’ The way I look at it is if someone if working for you, you want them to be experienced,” he told news.com.au.
“If you go to a surgeon you want an experienced one, not the guy that just finished university.”
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Mr Gordon said he and his team “live and breathe” property investments and it shows because so many of them own properties.
“80 per cent of my team were clients before they worked for my business,” he explained.
“I know some people found it in poor taste but I am proud and humbled.”
Mr Gordon owns 108 properties now but years ago that didn’t seem possible. He dropped out of high school at 16-years-old and started working on his parent’s farm for minimum wage earning $38,000 per year.
When he was 19-years-old he managed to save up $30,000 but he didn’t really know what to do with his savings.
“I was looking at buying a car and my dad said, ‘why don’t you put your money into property?’” he told news.com.au.
Mr Gordon used that money to buy his first home and it “changed everything” and he caught the buying bug.
The 34-year-old now owns a mix of commercial properties and private properties and he has over 100 tenants.
“I buy rundown houses and then renovate them back them to standard and I’m always actively hunting,” he said.
“I’m a country boy and I’ve always invested in blue collar. I used to renovate properties and sleep in a tent out the back.”
Some properties are negatively geared and others aren’t, but he said overall his property portfolio as a whole is in the “positive”, which is something he is proud of.
He said he loves to bring back rundown properties into the rental market and he is always focused on creating cash flow.
“I’ve been doing it for so long. I have strong emphasis on creating cash-low,” he said.
Despite owning 108 properties he said he isn’t making millions a year in revenue.
“I still carry a fair amount of debt and my income wouldn’t be millions but I have properties I’m holding for growth,” he explained.
Mr Gordon said he hasn’t had to work for “many years” but he continues to offer advice to Aussies because he loves it.
“It invigorates me and allows me to help people,” he explained.
Mr Gordon’s goal is to help everyday Aussies create other income streams so they can retire comfortably.
“More than 90 per cent of our clients are earning between $70,000 to 100,000 a year and want to create something better for themselves,” he said.
Mr Gordon said he does deal with some “high rollers” but he is motivated to help everyday people.
He also practices what he preaches for instance he is often steering his clients away from buying somewhere because of the lifestyle.
Instead he recommends you rent where you want to live and you buy where you can see growth.
He lives in a mansion in Queensland that estimates is worth around $5 million and it is cheaper for him to rent it than buy it because of interest rates.
“I could buy it but I’m purely about investments,” he said.