In this episode, we hear about Gupta’s upbringing and why he wanted a high paying career, why he invested in his first property and the investment property that taught him a valuable lesson.

Timestamps:
2.00 | A Big Move to New Zealand
4.00 | University
6.31 | Seeking Stability
8.07 | Start of Investment Banking Career
12.43 | First Investment Property
15.51 | Investing Challenges

 |

1.16 | Investing Sight-unseen
3.18 | What to Consider When Investing
4.23 | A Good Property Manager
6.11 | Launching ‘Consulting by PK’
9.44 | Luck Has Its Place
12.27 | Why Invest in Properties?
14.14 | Meditation and Yoga
17.27 | Motivations and Inspirations
19.35 | Valuable Lessons

Resources and Links:

18:53 My whole high school and university, I had this sort of laser precision focus on becoming an investment banker because of the pay and everything like that. Um and it was exciting work but almost like six months into it, I realized, you know, this was like a massive mistake.

 

 

This is Property Investory where we talk to successful property investors to find out more about their stories, mindset, and strategies.

 

I’m Tyrone Shum, and in this episode we’re speaking with the Managing Director of Consulting by PK, Pulkit Gupta or PK. After establishing a promising career in investment banking, he courageously decided to follow his passion for property. We’ll explore how he went from purchasing his first property, to launching his own property investment company!

 

**End intro music**

With a background in economics, statistics and finance, Gupta developed data methods which allowed him to confidently invest in properties. He is using those data methods to help others.

 

0.24 What I do is I help people build passive income um through buying residential property here in Australia, without using a buyer's agent.

 

To maintain a good work life balance, Gupta uses his mornings for personal development and in the afternoon, his work day begins.

2.17 From about twelve to six, that's where I help my clients. So, um I provide a course and mentorship service. So I'm, I'm there answering their questions, there helping them choose the right suburbs, developing the right strategies, negotiating, I'm all in the background, they're doing it themselves but I'm sort of just there as a sounding board, making sure they're doing the right thing.

 

Originally from India, Gupta’s family made a big move to New Zealand when he was only four years old.

 

4.47 I grew up basically in North Island all the way through to the last year of high school. You know, like anyone in New Zealand, played rugby and all that kind of thing. And yeah, I mean, we weren't terribly well off, I guess you could say. Um first generation immigrants, my parents did all the hard work, all the hard yards, kind of setting up the foundation and everything like that. Uh my dad was an engineer and my mom was a machinist. Um you know, that’s just what she had to do to kind of, you know, for us to get by.

6.04 I can remember um that, you know, where we moved to in the North Island, the population of that town, it's called Napier, it's in Hawke's Bay, the population was literally 50,000 people. And I think, first generation immigrants we were, I was probably the only non Kiwi you could say, or non New Zealander, in that school or maybe there was one other sort of, you know, I think it was Chinese person or something like that. So, I think my earliest memories were to be honest, really just trying to fit in, trying to be normal.

 

To ensure that Gupta had a good education, his parents worked hard and saved to send him to a good school.

 

7.44 I just remember high school being almost like the best time, times of my life. You know, play sports. I was quite studious or academic, you know, like growing up in an Indian household you either become an accountant or engineer or doctor or a failure, as I say. Not to kind of put too much negativity on my parents. Yeah, they, you know, there are some expectations there um but I think my parents are really good as well because they wanted me to be all round. So I play rugby, I play soccer, I played tennis, I play cricket, um all these things and so yeah, it was life was just jam packed. I remember my mom used to take me to to sports like trainings or events every single day. And then school in the middle and then you know, all you know, learning piano all these sorts of things on the side. So it was just like, just life like like life is today, like go go go but like full of fun, which is good.

 

When his high school education was coming to an end, his family moved to Australia for better opportunities. 

5.16 And then when it came for me to finish um high school, we decided to come over to Australia, because my dad thought, you know, there's better education, so to speak in um, in Australia. So that's when we moved over here and I and I did my um university at UQ in Brisbane.

 

14.36 So, in the first year of um university, I was working at a fruit shop just trying to, you know, make some money and have enough sort of extra money just to do things I wanted. But this the second year is where things really um got more serious. I was doing summer internships. I did one at Queensland Treasury Corporation. I did one at Macquarie Bank down in Sydney, spent the month month or the summer months in Sydney, um between the second and third year of university. So that was really, I guess, the training ground um to sort of build those relationships with future employers, you know, show that I was keen, you know, it kind of seems a little bit tryhard to some extent, but that's kind of what you need to do and I was super passionate about it at the time, actually. Um and I think yeah, I was just really grateful to get those placements and, and show that, you know, it's not all about the grades.

 

15:28 In fact, I'll share with you a story, Tyrone. In the last subject that I did at university, this was the last subject that I just needed to pass and I already had grad roles, you know, lined up with JP Morgan from the internship the year before. And I thought I actually failed the last subject of university and I was like, literally, almost crying. And I was like, I just had this amazing role at JP Morgan, there was like, 1000 applicants, they took two people. And now I failed my subject, and I'm not going to get it, I'm not going to get the degree. And so I remember I called up the human resources people at JP Morgan saying, my voice was quivering. I was like, you know, I know you've already sent me the contract, we've exchanged contracts, I'm starting in February, but like, I've just failed my last, my last exam. 

And, you know what they said was like, even if you failed, we'll take you because it's actually not about the grades at all for us. It's about your experience, it's about who you are and you've demonstrated that through internships and things. So that was kind of like a relief. But the bigger relief was when they figured out that almost everyone failed the exam. So they bell curved it and they basically they passed everyone. Um so that was like a massive relief. I didn't deserve to pass that exam. But everyone passed anyway.

Influenced by his upbringing, Gupta was driven to have a high paying career from a young age.

 

9:10 Initially, I wanted to become a doctor. Um you know, it's kind of a bit cheesy to say, but you know, kind of like to help people in a way but I remember, I think I was 12 or 13 and we had our first we migrated from like, just general science subjects to actual chemistry and biology and things and we had to cut up a rat or hamster, I can't remember what it was or just like, the smell and the texture it was just all too much for me and I was just like, this is not working out. Um so then I was like, okay, I need to go into like more, like commerce and mathematics and that kind of thing.

 And I, because we weren't super well off, I remember actually in in sort of lunchtime at recess, recess, sometimes I would use a school computer to just google, can't remember if it was Google or Yahoo or whatever back then, but I would be searching highest paid salaries, because I wanted to like kind of fashion my my subjects that I chose in high school to be the right ones. The most, I don't think most kids are doing that, they were just having fun. And then this, it consistently what would come up is this career choice called investment banking. And I don't really know what it was, but you know, there was movies like Wall Street, Wall Street number one, like that was released in the 80s that, you know, I'd seen and I was like, this sounds okay. I mean, as long as it pays really good. So yeah, that was kind of my career choice all the way from age 13. And so I just really worked really hard and put the right subjects and everything to kind of do that.

After continuing to work hard, Gupta graduated from the University of Queensland. From there, he kicked off his career at JP Morgan.

 

18: 39 This was my grad role. So this was a full time permanent role, which I started in 2011. They had three new graduates start and I was there for I think, just over 12 months.

 

19:10 I was working 90 hours a week, I couldn't see my, my girlfriend um at all really, like including weekends. And just the kind of I mean, I'm very grateful for the opportunities given for the context. I mean, I was talking to CEOs of ASX listed companies at like, you know, 21 years of of age, but there's just so much pressure. And sometimes pressure can make diamonds, but I think that kind of pressure just really turned me off and I was like, yeah, I'm making 100k but I think really, this is a McDonald's wage if you consider how much I'm working, how hard I'm working. And I realized that my boss and their boss and their boss were actually working even harder than I was, of course they were making loads of money for you know, at some point, money doesn't actually matter. You actually just need your life. So, you know, six months into it, I was like, I don't think this is sustainable. Um and that's when I started thinking about other career choices and I finally left after about a year.

At the time he left JP Morgan, Gupta did not have a big property portfolio and needed to work. This led him back to Brisbane.

 

23:24 I decided to join management consulting field, which is a bit like investment banking in the sense that you work for big companies, you solve their problems, but it's different where you're actually solving real problems, not just financial problems. So, how do we improve productivity? How do we you know, create a new purpose or or vision for this company? etc etc. So, not only were the hours more manageable, more like you know, 60 70 hours a week, the pay wasn't a huge pay cut, which you know, was tolerable. And that way I could actually then focus on, you know by that time Tyrone, I'd sort of realize that I can't or I don't really want to work a nine to nine for the rest of my life or even for the next 20 years. So, that's when I was sort of thinking I need a job which will still stimulate me, which will still help me understand strategy, understand numbers, it will still give me all that exposure to climb the ladder so to speak, but I can still have enough time to do what I really want to do on the side.

 

After roughly five years in this position, Gupta shifted his career to an in-house role.

24:55 So doing the same thing, you know, strategy consulting, but then I worked for Virgin Australia as the, as the manager or Head of Strategy. So similar thing but just focusing on one client, which is where you worked. And I was there all the way till a few years ago, actually, which is when I decided to kind of do more property full time.

Now, to answer the question that we all want to know, why did Gupta start investing into property?

 

25:48 I was starting to understand more and more about the stock market and you know, my background was econometrics, statistics, finance. There was so much that goes into picking the right stock; analyzing, valuing, seeing what the future cash flows will be for a stock. And I realized that I didn't actually have the confidence to put my own money, like, let's say, $100,000, not that I had 100,000, by then, but $100,000 into a few stocks. I didn't have the confidence to do it for myself. I was advising superannuation funds and all these people, but you know, that's someone else's money at the end of the day and if it comes to my money, it's like, I don't really know. So I just don't like the volatility of the market, especially back then when you know, Europe was still a little bit uneasy post GFC. And I decided, well, there was no crypto at that time, I got to do something else and property was really the only other option. And it's not that I loved property or anything like that, it was just oh, here's a way I can actually get ahead and hopefully not work for the rest of my life. So, that was really the, the genesis of it all.

 

After making the decision to invest in property, Gupta found no help in the usual resources of magazines and online. This is when he began to develop his own data methods.

 

27:26 I was my girlfriend at the time, now wife, we were researching for a long time. There was no, there was no Property Investory back then unfortunately, or any podcast really. So mostly just real estate and magazines and stuff. And there was just so much information and like we went to some seminars and you know, hotel rooms and stuff, and it just didn't vibe with us. So, I sort of thought I know data. I know data in the stock market. Hardly anyone is looking at sophisticated data in the property market and so I just sort of compiled a lot of the data that I could cost a lot of money, it was a bit of an investment um and ran you know, statistical models, multivariate regressions and really see what actually matters what actually doesn't matter, because I was sort of of the opinion that if all you do is follow what Google says, which is buy close to a train station, close to a CBD, good amenities, infrastructure. If that was all there was to it, then like why isn't everyone just driving around Ferrari's and stuff, right? So I didn't buy that. And so I just use my own sort of data methods. I wasn't fully confident in it yet, but we'd back tested it and calibrated it. And I bought in East Gosford. So, East Gosford is about an hour north of Sydney, it was a little bit longer back then, because there's no tunnel and things um but we chose that it was, what was the purchase price like 320 or 315, something like that. And I mean, it was something we could afford, you know, we couldn’t buy half a million dollar properties. Rent was about 400. So it pays, paid for itself. So that was really the first property Tyrone..

 

Gupta and his wife now own nine residential and two commercial properties however, this does not mean they have not faced challenges on their path to success.

 

30:43 I think the, my biggest mistake you could say was in 2015. This was I think, our fifth property, fourth or fifth property at the time, we bought in Cairns. And you know, for once, what I did was, I sort of ignored the local government area data, I ignored the suburb data and I just said, look, Cairns hasn't moved for ten years, the prices are the same as what they were pre GFC, tourism is booming, the Australian dollar is low. At that time, there was some tycoon from Hong Kong, Hong Kong, who was going to build a huge casino in the esplanade in Cairns and I was like, no, how can you go wrong, like let me just ignore the data and just follow these macro economic trends. Because that's kind of what you hear in news and stuff like that. And, like, literally, that property was bought for about, I think 400,000 and right now, like six years later, it's worth about 450. 

So I mean, it wasn't like a huge mistake, where I lost my money and I had to kind of, you know, build everything back up. But I mean, the opportunity cost is 100s of 1000s of dollars. And that just sort of taught me the lesson that don't just go by what the media is saying, don't just go by, you know, there's a big infrastructure thing planned because a lot of times these infrastructure projects they fall over. They don't get funding, they don't get development approval, there's so many stages that they have to go through. And don't just follow and invest in the market because of macro economic trends. You have to be very scientific and actually really know using data, the suburb, the local government area where you should invest.

 

Although this investment wasn’t a huge mistake, it still taught Gupta some valuable lessons.

32:44 I'm still scratching my head right? Like it doesn't make any sense. But then, when you actually understand it's like, around the suburb where I bought they've literally building, have built 1000 new homes. So supply demand, didn't see it coming, didn't understand that at that time. You know, you live and learn.

Gupta has built a large portfolio of properties across Australia and his strategy focuses on following his data methods, even if that means investing in an unseen property.

 

[0:53] I think, including me, a lot of people are sometimes fearful of buying sight unseen, but it's kind of like a hidden secret. I don't even know if it's a secret at all but property managers, like a good property manager, they inspect your properties before you buy as well, completely free of costs.

 

So, like one of the properties that I bought, at this time, I was living in Brisbane, we bought in Islington in, in Newcastle, we bought it for $507,000. And I didn't go to visit it. I didn't catch a flight or anything like that. I just called a couple of local property managers and asked if they could inspect it for me. And they said they could. And I was like, oh, that's, that's awesome. Well, if you could take a video and shoot it through, then, at least that gives me confidence, you know that the pictures online aren't fake and all that kind of thing. And they did that. And then of course, you go into the contract, and you get the formal building and pest inspection report done. So between the property managers report, and the building and pest inspection report, that built me enough confidence to go ahead and purchase that property. And I mean, if I went in, I just look at probably how good the landscaping was, or the colours on the walls, you know, I don't really know what to look at.

 

So that was the aha moment. And even though I'd been doing it before then, you know, that property has doubled since that time, and I was just like, I can repeat this. And so for, for me, it was like now I can buy anywhere across Australia, you know, just following the data without needing sort of property companies or buyer's agents or anything like that, just relying on local property managers. Of course, there's always good people, bad people. So you need to find good property managers, but that just allows you to leverage and buy outside your backyard, which, which is kind of a, the biggest aha moment for me.

 

When looking for a property to invest in, there are specific data points that Gupta considers.

 

[3:48] So even from the first property, East Gosford, you know, we kind of built a, it's not perfect, but we built a system where we could look at about 30, maybe 35 data factors, things like stock on market percentages, days on market trends, building approval percentages, job advertisement trends, online search interest ratios, etc, etc. And because I was a bit of a nerd, you know, looking at thresholds, coefficients, because not everything's equal in its importance, and there's different weightings you need to give to it. But even though it's not got it, like I can't predict, you know, East Gosford will grow by 7.2%, or anything like that, it allows us to predict, relatively speaking, how it will perform versus other suburbs. And when you extrapolate that to all 15,000 suburbs, and you start to see the pockets or the suburbs that will outperform in the short term and the long term. So, you know, we can then see the relativities of potential future performance.

 

Even with all of this data, Gupta still lacks important local knowledge. This is when a good property manager becomes crucial.

 

[5:02] You know, you sort of couple that, you know where to buy using data with the kind of know-how of a local property manager. You select the right suburb using data and the right pocket of the suburb using data. Now qualitative factors as well like you know flooding, flight zones, zonings, and other things like that. But when it comes to the actual property, the strategy has always been, you know, hey, miss, or mister property manager, can you go check it out for me? Obviously, the carrot on the stick for them is that if you buy it, you're gonna give them the management for the next 10, 20, 30 years. So there, they've got a really good incentive structure. They don't want to lie to you, because the truth will come out in the next 10, 20 years if something's dodgy, but at the same time, you know, they they're working for you not not the seller.

 

So we've always selected the property using data, and then had the local expertise of the property manager to say, 'the property checks out, but hey, there's housing commission right next door, I don't think you know, this would make a great investment' or, you know, 'property checks out and even though on Google Maps, it looks like it's far away from a highway, actually, you can still hear that cars going'. And so that sort of local knowledge, you know, you don't need to go and have a coffee at the cafe or anything like that, just that local knowledge, which I think as well, like property managers are really nice people, they're, so are real estate agents but property managers are different from real estate agents. They're just there to manage the property, they're not trying to sell you a property. And just that strategy of data, plus having that local on the ground knowledge allowed me to sort of build a portfolio without really needing anyone else's opinion, or expertise or anything like that.

 

How did Gupta go from using his own data methods to launching his own property investment company?

[8:12] So like, these days, there's data galore but back when I was figuring out the system, I think I paid like $30,000 for the raw data. We did it in a programming language called R and you know, it's kind of technical and stuff. But these days, you know, you have so many data sources online. It's very easy. What I teach is not like magic software, where you put in your first and last name and date of birth, and it spits out an answer, like, you still need to understand why it works and the way it works. You still need to pull some levers and things like that. But it's effectively a protocol or methodology by which you can, anyone really, can start with know nothing about any suburb and let the data speak for itself.

 

[11.25] Yeah, so like, like in Australia, as you know, I'm sure you know, Tyrone, there's sort of like, you could say five or six sort of major data sources. Like Core Logic and Price Finder or Investar, Residex, APM, etc. And they're all great. I mean, they're all great repositories of data. But what I found was a, you know, you can see a PDF with some bar charts and pie charts, but you can't see whether the data is actually reliable, the statistical reliability of the underlying data. If you can't, if you get a PDF document from one of these sources, you can't compare 1000s of suburbs or hundreds of suburbs simultaneously, unless you print it off, put it around your wall, or something like that. And none of these individual sources have everything you need.

 

So what we do at the moment, to be perfectly honest with you is, I still rely on other people's data. It's not any of these major sources, it's more the raw data that a few sort of niche players provide, you can just download, like an, like an Excel file. And that gives you enough to kind of then put it into my system or my methodology. That's what you know, we do at the moment. But going forward, I mean, that's very expensive. The data cost like a million dollars a quarter to update. So going forward, the plan is, at some point to systemize that in house. And because I think that's really what's lacking, there's enough information, enough data in the Australian property market. There's not enough systemization or enough insights. So, where people can use leavers and toggles and, you know, a proven sort of method of interpretation that they can do themselves. It's like, you know, just just do it yourself. That's really my philosophy.

Gupta believes that when given the right information, anybody can invest in properties.

[14:05] And I think as well, you know, sometimes people become like really overwhelmed and daunted when you say data. It's like oh, you know, that's, I don't want to deal with that stuff, not a number, not a numbers person. But it's actually not millions of data points. It's actually not that hard. Like it's sort of easier said than done, but this is not rocket science. I see so many people who are like, I don't know, like accountants and engineers or electricians and or what have you, or nurses and they think they can't invest in property themselves but this is nothing like doing the degrees or the the courses that they've done to become their own professions, right? It's, property investing is not that difficult. You just got to see through through the weeds see the forest from the trees, so to speak.

Alongside hard work, Gupta believes that luck also has its place.

[26:49] Like I'm a big believer in in karma and all these types of things. I'm a little bit airy fairy like that. But I mean, luck has its place. Luck definitely, definitely, definitely has its place. Call it karma, call it luck, but things that are out of your control, you know, providence, they have such a big role to play. For example, if my father didn't make the decision to move to New Zealand, would I have a property portfolio right now? Maybe, maybe not. Like, it's hard to say. All these things have to line up. But I think the main thing is, you know, seeing what you have, making the most of it, and sort of making your own luck. Like if you jump, you keep jumping, keep jumping for opportunities, one day, you're going to like hook in and grab one of them. And that's going to take you even higher. So I think skill is is probably there or hard work is there, but it's the combination of both, you know, luck and skill.

Everybody has their own reason for investing in property. Gupta’s ‘why’, was to live his life without any restrictions.

[15:38] I mean, the why that for for my wife and I initially, like when we were working those crazy hours, she was a chartered accountant. So she was also working crazy hours at at a firm called KPMG. Our why back then was really kind of cliched. You know, we don't want to work these crazy hours, we want to be able to reduce hours and sort of do what we want. You know, sort of I can go off on a rant on this Tyrone, but like, since the industrial revolution, you know, people have lost their freedom. You know, we kind of, in some respects just become numbers, part of the cog, part of the machine. So, you know, we just didn't really want to be part of that after actually experiencing what it was like to be part of that. And everyone's different, you know, different strokes for different folks.

 

But, I think right now or especially over the last five years, the why has been like we're massive meditation and spiritual buffs. So, my wife as well, she's a mom, but she also finds time to meditate for two hours every day, not the same time as me otherwise my son would go wild. But um, yeah, like we we had a meditation centre in Brisbane before COVID sort of shut everything down. But our why is really to allow the kind of money or finance bit to take care of itself, and then we can just focus more on meditation, on mindfulness, on spirituality, and just taking these principles. The principles of service, the principles of, you know, sort of elevation of consciousness to each other, and to everyone else, whoever's interested. So, whether it's online or in our meditation studio. Little bit left field, but that's, that's kind of why we exist.

Gupta is a firm believer of taking care of your mental health and attributes his success to the practice of mindfulness, meditation and yoga.

[17:55] So like, I just, we just found that mental health, I mean, it's, once again, it's a common thing these days to talk about mental health, as it should be. But often times, in sort of corporate circles, that's, it's not as personalized as it could, you know, companies have like a mental health agenda, and they talk about it. But still, people don't talk up when they actually face issues. So, you know, prevention is the best medicine. And so this meditation studio, it was called the Conscious Collective. The whole idea was to sort of make meditation, mindfulness, mental health, like just cool. Like fun and, and just relax. So we would do things like art therapy, we would do guided visualization sessions, we would do different types of yoga, would do pranayama, which is a type of breathing exercise. Mostly from sort of Chinese origins, Indian origin, sort of Eastern type, type stuff.

 

And yeah, I mean, when, when pre COVID times, we used to get like, 50 people to each event. And you know, like, everyone just has a big smile on their face, and they talk with each other and it's not like, 'oh, how you going?' 'Oh yeah I'm  pretty good. Yeah. Today's Sunday, I have to go work tomorrow'. It's not that, it's like it's stuff that actually matters. Like, you know, what are you most grateful for? What's your purpose in life? You know, what is it that you would regret not doing in 60 years? Or in 20 years? And should we do that now? How can we make that happen? So it's kind of like this intersect between mindfulness and mind and meditation, but also just, you know, like self development, like in action. And building a community that helps each other was really the focus for us.

 

Looking into the future, Gupta is excited for his next adventure of living and opening a yoga studio in the US.

 

[25:06] I think the most exciting thing maybe like even not from a property perspective is we're, we're hoping, we're praying that once this COVID thing finishes, we're gonna move overseas to the US. And we're going to start a much bigger sort of meditation, yoga studio, and hopefully on the west coast. That's kind of my wife and my dream. Bring up our son over there and maybe spend some time back in Australia as well. But really, you know, kind of tap into that, that culture over there. That sort of meditation culture. That's, that's kind of our why for the next five years.

 

[25:45] We just have lots of friends there. We have lots of people we know there. I don't know, I don't know. I mean, my wife is from London. Like she was born in London, Indian origin as well. So, you know, in a sort of comfortable, sort of English speaking place, you either have Canada, you know, England, South Africa, Australia, New Zealand kind of thing. I'm just generalizing. So, we both have lived in London. I've lived in New Zealand, obviously, Australia, South Africa, not sold on. North America was kind of the area we haven't done.

 

Coming back to property investment, Gupta’s motivation and inspiration comes from a variety of places.

[20:29] I'd love to say, because I think it's so important to have a mentor, but honestly, speaking, I didn't have a mentor. I had lots and lots of snippets of advice from, you know, really good people that are experts in their own fields. So I think I would have gone through about three or four mortgage brokers and each of them had their own strengths. I've gone through about four or five conveyances and they all have their individual strengths. Same with property managers. I have nine property managers right now. Like everyone has something to offer. So, there wasn't sort of like one, one stop shop sort of person.

 

 But I think, I think what really inspires me are just entrepreneurs in general, like, not that they have to be successful and well off or anything like that, but even new entrepreneurs. You know, people who, and not that I'm advocating this, but people who really want to do something different, some want to do something that vibes or aligns with what they want to do in life, and they have the courage to actually make those steps and do that. That stories that I hear of people, you know, quitting their nine to, nine to five, and now, you know, comfortably living on $90,000 per year, you know, with their family. Which, which isn't millions of dollars, but it's enough to get by, and they're doing what they love. You know, actually having the courage to do that. That's kind of the stories from this podcast, and other people that I know, that have really kept me going. I think, yeah, courage, people who showed courage is probably the thing that inspires me the most.

 

[23:19] I mean, it's you know, there's that saying which can be kind of use a little bit whimsically. But some people who have nothing actually have everything and some people who have everything actually have nothing at all. So, it's easy to say from a place where you know, we live in Australia, we were not in poverty, it's easy to say from our sort of privileged position but I genuinely believe it.

VALUABLE LESSONS 

Over his time investing in property, Gupta has learned many lessons. He considers ‘your network is your net worth’, to be the most valuable.

 

[24:05] You know once again it's a kind of a popular saying but really you can't get ahead in life, whether it's spiritually or financially or you know, career wise or anything, unless you actually network. Unless you meet people, unless you make friends and make acquaintances, I mean just like this. I've been listening to your podcast for so long and I've received so much immense benefit, it's almost like I've networked with all those people because I know their stories and I can see what works, what doesn't work, you know what's possible. So, these days with the internet just you know consume a lot of information but follow stories. Follow people's stories, not just their advice, but what people have actually done.

Thank you to PK Gupta, our guest on this episode of Property Investory.