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His business bank account once dropped to 17 cents, and he owns five properties but still rents the family home. In this episode, Michael sits down with radio broadcaster turned podcast studio founder Angus O'Loughlin to talk property, ego, business growth and the honest tug of war between building wealth for later and buying back time with his kids now.
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General advice only and not personal advice. CRN 485467
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In this episode:
Why a $50,000 gift from his mum, given "with warm hands, not cold", set him up before he turned 21
How one podcast episode led him to a $510,000 block now worth around $1.2 million
The Peter Koulizos gentrification checklist he still drives around looking for
Buying young and single versus making the same move with two kids and a partner
The real cost of holding five properties while renting your own family home
Why he runs the household budget in the red every month, by choice
The night the business account hit 17 cents and he could not pay himself
Sell the portfolio to buy back time now, or hold it for retirement: the battle he fights with no one to ask
What building three podcast studios taught him about growth that does not grow the margin
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Subscribe: https://youtube.com/@ThatBackyardPropertyPodcast
Instagram: https://instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==
Website: https://tuskfinance.com.au
Connect with Michael:
Facebook: https://facebook.com/tuskfinancemk
Instagram: https://instagram.com/mortgageswmichael
LinkedIn: https://linkedin.com/in/michaelkilliner
TikTok: https://tiktok.com/@backyardpropertypodcast
Tusk Finance: broker@tuskfinance.com.au
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Chapters:
(00:00) Intro
(00:45) Meet Angus O'Loughlin
(02:00) What keeps him up at night, and gets him up
(04:50) Mum's $50k and buying his first place at 20
(09:05) The podcast episode that built his property plan
(10:30) The $510k block now worth $1.2M
(14:15) Sell up or hold? The ego battle
(16:20) When the business account hit 17 cents
(20:05) Building a legacy for his kids
(25:00) The growth that scared him
(27:45) Bigger business vs school pickup
(33:30) Inside the Barack Obama room
(37:00) What he is most proud of
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Produced by Podwave Studios: https://www.podwavestudios.au
