Tom Dekker is an executive in the entertainment industry, a grandfather, and a property investor based in Sydney. Being close to retirement, Tom realized he didn’t want to rely on government handouts and wanted to leave a legacy for his grandchildren, and thus he decided to double down on property investment. With Sanjeev’s help, he has bought four cashflow-positive properties in one year, with his current portfolio amounting to approximately 5.5M. In this episode of Property Uncovered, Tom covers what was his biggest financial regret, how does it feel to purchase a property you haven’t seen, or why he thinks it’s never too late to start your investment journey.

— TIMESTAMPS —

(00:00) Intro

(00:53) Who is Tom Dekker

(02:30) Tom’s why behind investing in property and his biggest financial regret

(05:13) Running the numbers and buying despite the rise of interest rates

(07:35) Being hands-on with regard to his property portfolio

(09:25) Tom’s wake-up call and realizing retirement is near

(11:38) Investing interstate and purchasing a property he hadn’t seen

(16:36) Tom’s investing strategy for the next years

(19:44) Time, research, and the decision to trust a buyer’s agent

(22:53) It’s never too late to start investing

(26:03) Outro

— QUOTES —

– “I bought an investment property and I sold it after five years. Did really well out of it, bought it for 200K, sold it for a little over 500K… That’s probably the biggest regret in my life from an investment point of view. That property sold last year for 1.8M dollars.”

– “I got to the point where I realized I needed to secure my future. I’m not one of those people that want to rely on government handouts.”

– “I haven’t gotten into this to make a quick buck and turn the properties over after a few years, there’s no speculation involved. In the perfect world, I would never sell a property.”

– “My regret is I didn’t do it sooner, but I don’t regret starting late either.”

— CONNECT WITH TOM —