In this episode, Hague takes us on a thrilling journey through his property development endeavours, starting with a collaborative effort on their initial property venture with a tradesman friend. His trajectory has led him to ascend to the role of Business Development Manager at Punters Finance, illustrating how his journey serves as a testament to both experience and an unbridled passion for helping others, propelling him to new heights in his professional pursuits.

Timestamps:
01:12 | From Plumbing Success to Punters Finance
02:01 | A Day in Nick Hague’s Life
03:49 | Home is Where the Heart is
05:48 | From the Field to the Finish Line
09:53 | From Uncertainty of Opportunity
13:39 | Adventures and connections Across Continents
19:12 | Leaps of Faith
20:39 | Serendipitous Beginnings
26:09 | Foundations of Renovation
 
Resources and Links:

 
Transcript:
Nick Hague:  

[00:18:21] It started with just me and a ute. I started [my business] in 2006, about six weeks before my first child was born. So it was kind of like a sink-or-swim mentality back then.

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 Nick Hague, Business Development Manager at Punters Finance. Hague guides us through his captivating shift from plumbing triumphs to the dynamics of finance and property development. Prepare for an immersive journey of his relentless pursuit of personal and professional excitement.

Since stepping back from his thriving plumbing business, Hague has embraced a dynamic role at Punters Finance, passionately navigating the realms of finance, property development, and positively influencing lives. 

Nick Hague:  

[00:00:39] I'm a Business Development Manager at Punters Finance. We're a predominant mortgage broking business, and I deal with clients [and] deal with developers on a day-to-day basis. [I’m] really enjoying my time here.

[00:00:55] That sounds really amazing. Well, you're living up on the Gold Coast or Sunshine Coast. I'm sorry, I'm getting that confused. Sunshine Coast, right? No, Gold Coast.

Nick Hague:  

[00:01:06] I am in Brisbane, [and] the offices are up on the Sunshine Coast. 

[00:01:11] Yeah, that's right. 

Nick Hague:  

[00:01:12] So, I travel up the Sunshine Coast a couple of days a week, which is kind of good for a lifestyle. That gets me away and lets me do a bit of reset myself. So it's kinda nice to work one day away from home.

Every day for Hauge is an exciting journey filled with diverse tasks and opportunities, all fueled by his genuine passion for helping others and adding value to their own property journeys. 

Nick Hague:  

[00:01:42] [A] typical day is pretty exciting, actually and I really enjoy it. It varies from day to day, but generally, I'm on the phone a lot, talking to clients, as [well as] developers. 

[00:01:57] I could be managing projects; we do have our own projects on the go as well. So, I could be doing some project management for that. 

[00:02:05]  [I talk] to investors, other developers, real estate agents, buyers, agents—[basically] anyone that will pretty much listen to me and [hear] our story [about] what we have to offer. 

[00:02:15] Yeah, I genuinely like talking to people and I like to help people out. That's part of our ethos, and my 'why' I guess is to help people in their journey and what they're doing. If I can add a bit of value to that at some point, that's what I really enjoy [doing]. So, day-to-day, it looks very different; it's not really the same each day. But, I really enjoy what I'm doing. 

[00:02:40] So basically, [on] the days that you drive out of the house, you go to see clients, visit [them] and so forth. And then the other times, obviously being your type of role, you also have to do a bit of admin [work], so you have to get behind a computer and process some things right. 

Nick Hague:  

[00:02:54] Correct. I guess how someone put it to me recently was they said, 'Nick, you're good at joining the dots.' So you've got people that you're talking to each day and every day, and it's kind of like who needs what and how can I help that person get from there to there? And do I know someone that could help them get from here to there? So it's kind of like I am a dot joiner, so to speak. 

[00:03:15] Putting the puzzles together. 

Nick Hague:  

[00:03:17] That's right. Yeah, exactly. 

[00:03:18] Nice. 

Nick Hague:  

[00:03:19] The people puzzle. 

Hague recounts his roots on the south side of Brisbane, emphasising the familial bonds, childhood memories, and the comforting sense of community that keeps him rooted, proudly calling Brisbane his home. 

Nick Hague:  

[00:03:32] I'm actually Brisbane born and bred—pretty boring, actually. [I grew up on the] south side of Brisbane, went to primary school [and] went to high school there. I went overseas for a little while, came back and then ended up back on the south side of Brisbane. So that's all I know, but it's a great place to live. I had a really good childhood with my brothers and sisters and enjoyed growing up there, so [there's] kind of no reason to move on. Yeah, so I'm still here today. 

[00:04:12] Yeah, it's something I can relate to because, you know, I've been a Sydney boy all my life. I haven't been out of Sydney at all and I'm still in the same location since I was a kid. Once you kind of get used to the place, you just don't want to go do you? 

Nick Hague:  

[00:04:27] Exactly, and we've said, you know, our children go to school in the area. I've got a lot of good network in the area with other family and friends that we met over the years. I think it's that whole village [atmosphere] thing—you can go down the shop, see someone you know, have a chat, and it feels like home. So I really like that.

Attending one of the local Brisbane primary schools, Hague reminisces about his school days, highlighting the enjoyable aspects of lunchtime and sports, even though he admits that overall, he wasn’t a big fan of school. 

Nick Hague:  

[00:04:56] I grew up in Brisbane, [and] I went to [indiscernible] primary school actually. It was a really great school. Nothing stands out really about school, but I didn't enjoy school a whole lot to be honest. 

[00:05:16] I think most of us said the same. 

Nick Hague:  

[00:05:16] But I did like lunchtime. I loved playing and the sports side of school. So, that was primary school, and then high school wasn't too far down the road either, in the same sort of scenario down there. I finished Year 12 and just started working from that point in time, I guess.

Living in Brisbane, the sporting hub of Australia, Hague eagerly engaged in a diverse range of sports, seizing every opportunity to be part of the vibrant athletic scene, even an unforgettable baseball tour to the United States. 

Nick Hague:  

[00:05:50] I'd play any sport or do anything that was outside—cricket, soccer, rugby league, Aussie rules—just whatever was going on. [I did] athletics. There was lots on offer, and [I'd] just put my hand up for everything. [I] just really enjoyed being outside and had lots and lots of energy and that was one good way to get rid of it.

[00:06:13] I totally understand where you're coming from. Yeah, I am the same. Was there any particular sport that you've kept up till now, or was it just everything that you've kind of enjoyed?

Nick Hague:  

[00:06:24] So, back then, it was more team sports. I played a lot of soccer when I was younger, and a lot of Aussie rules into my teenage years as well. I really enjoyed that, and [I also played] a bit of baseball as well. So I really enjoyed baseball and still really enjoy watching it now. 

[00:06:41] Yep, yeah. 

Nick Hague:  

[00:06:42] I did a little tour to the [United] States with a Brisbane bandits team back in the day. I think we went over there for like two weeks and [played] about 14 or 15 games in those two weeks. That was an unbelievable experience that I'm sure cost my parents a lot of money, but I'm really thankful for that and for those experiences. Because they definitely make up who you are today, and I want to give my kids similar sort of experiences as well when they grow up. It was a really fantastic experience. 

Hague enthusiastically underscores his newfound passion for running and triathlons, emphasising the transformative impact these activities wield on his daily life and mental well-being. 

Nick Hague:  

[00:07:15] I'm kind of more into my running at the moment. 

[00:07:18] Oh, nice. 

Nick Hague:  

[00:07:19] And triathlons—I think that just comes with a bit of mental strength and seeing what I can achieve, and how far I can push my body. I really enjoy that and it's something that I need to do every day for my mental health. It's definitely getting out there and pounding the pavement, whether it be on a bike or running. [So, something] I really enjoy. 

[00:07:41] Yeah, that's great. So, are you particularly training for any event [or] competition? Or are you just [completing] triathlons because it's something that you enjoy doing?

Nick Hague:  

[00:07:50] I guess I'm keeping fit for [everyday] life and for my every day, but I'm actually doing a Noosa Triathlon on Sunday up in Noosa. That's one event that I do every year [as part of a team] called 'Team Smitty', [named after] a young guy who died of cancer a while back. So [we have] a big team that goes up there, and we raise a lot of money each year for cancer research. 

[00:08:18] Great.

Nick Hague:  

[00:08:18] So, it's just really good. It's twofold for me; I get to do a lot of training, and it gives me something to focus on. But then, I can also raise funds for obviously a really worthwhile cause. 

[00:08:29] Yeah, that's a worthwhile cause, definitely. It's a win-win; you get the exercise, and also, you get to raise money. Any particular you know, I'm not gonna hold you to this, [but what's] your personal best for this at this point.

Nick Hague:  

[00:08:44] There's not really, mate. It's just a race against myself and keeping my own mental health in check. It really drives me and gives me something to get up [for] in the morning and know I've got this event to do, so I need to train for it. It just keeps me going. I'm an early morning person anyway, so laying around in bed doesn't really suit me. Just to get up, put runners on and go—there's no excuses, right? You can run anywhere in the world; you just need a pair of runners and a pair of shorts and a way you go. 

[00:09:17] Yep. Rain, hail, or shine, you should be out there.

Nick Hague:  

[00:09:19] Yep, 100%. It's nice when it's sunny and warm, but you can [do it] rain, hail, or shine.

[00:09:27] Or if worse comes to worst, run on the spot and watch TV.

Nick Hague:  

[00:09:30] Exactly, that's right. There's always something you can do, for sure. 

Navigating a similar scenario with his own teenage daughter, Hague reflects on the uncertainty of selecting a career path during Year 12. Fortunately, a teacher played a pivotal role in providing him with a valuable opportunity that significantly influenced the trajectory of his life. 

Nick Hague:  

[00:09:48] As a 17-year-old, you either know or don't know what you want to do. I was kind of [thinking], 'What am I going to do now? Do I have to pick something now for the rest of my life?' I'm actually going through this whole scenario with one of my daughters who's [currently] in grade 12. I'm kind of reliving it through her, which is a little bit weird because I don't feel like I'm old enough to have a [daughter in] grade 12. 

[00:10:15] You don't. You look pretty well. 

Nick Hague:  

[00:10:19] Thank you, mate. These things happen rather quickly, so I'm kind of dealing with that as it comes. But back to when I was in grade 12, I wasn't sold on what I actually wanted to do or [if I wanted] to go to university. So, I kind of left school and got offered a job in the electrical industry.  

[00:10:37] Nice. 

Nick Hague:  

[00:10:38] Through one of my teachers, who thought I might suit a trade-based sort of career path, I took that up and eventually did a four-year electrical apprenticeship. From that, I worked for a few years, then travelled. And then came back and actually started up my own electrical business, which was always on the cards. Seeing my bosses and what they were doing, and what they had going on, I really wanted to go to that next level and succeed and see how far I could push it in that industry for myself.

[00:11:16] That's fantastic. It's actually a pretty big step, you know, once you get your apprentice. Did you get any experience in the electrical trade industry before you actually ran your own business, or did you go straight in after you came back?

Nick Hague:  

[00:11:27] Yeah, I went overseas, and [when] I came back I worked for probably 12 months. [During that time] I had to do another course—I had to upskill a little bit in a business course, and [also an] electrical contracting course they call it, which was about 12 months in my own time that I had to sort of partake in. But it was a goal that I had and wanted to do. But I'm very glad that I did; it's given us a lot of freedom and our family a lot of choices along the way. 

[00:11:57] For sure. Yeah, I mean running your own business is rewarding, but it's also very hard work as well too, as we all know. 

Nick Hague:  

[00:12:03] It is mate, yes. 

Stay tuned for what’s coming up after the break, where Hague reflects on the enduring life experiences he carries with him from his year-long worldwide trip during his early twenties… 

Nick Hague:  

[00:16:29] I [once] lost money with one of those street merchants playing some sort of game with balls underneath the buckets, and I thought I [could] definitely go and win that, [but I ended up] losing some money on that.

His story about fearlessly leaping into establishing his own electrical business, armed with nothing but sheer determination… 

Nick Hague:  

[00:18:28] I didn't really put too much planning into it, but had my blinders on and [I thought], 'Well, this is what I'm going to do, and I don't know any other way,' so [I] just jumped in and did it. 

The pivotal conversation that fueled his passion and spurred him into the exciting world of property development… 

Nick Hague:  

[00:20:14] [We] went to my accountant and we just got chatting to her about property and whatever else in business, and she gave me this book. 

And that’s next. I’m Tyrone Shum and you’re listening to Property Investory.

Before launching his own electrical business, Hague and his girlfriend embarked on an exhilarating year-long around-the-world adventure reflecting on the valuable life experiences and connections forged during this adventurous chapter.

Nick Hague:  

[00:12:14] At 22 [years old], my then-girlfriend and I booked an around-the-world holiday— six stops around the world. We packed up our life into one backpack, jumped on a plane, and ended up in Europe. We did a little bit of a tour around Europe for about three months. 

[00:12:35] So, we [explored] a good part of Europe and then ended up in Edinburgh. [Along the way], we met some people who said, 'Oh, come stay with us.' So we went to Edinburgh and stayed with them. We got some jobs there for a few months and really lived that lifestyle in Edinburgh while the festival was on. It was just such a great time to be there. It's a really young sort of vibrant town. I'm not sure if you've been there, but there are lots of little pubs. It's just a great little spot to be. So, yeah, I really enjoyed that. 

[00:13:05] From there, we [travelled] to the United States [and] Canada. We did a bit of travel around the United States and then went up to Whistler Blackcomb. 

[00:13:15] Oh, nice. 

Nick Hague:  

[00:13:15] We did a ski season up there, and it was amazing. We made some really good friends up there from Australia, and [we're] still in contact with a lot of those people today, actually. 

In a reflection on his globetrotting holiday, Hague shares the remarkable generosity that strangers provided them with. 

Nick Hague:  

[00:13:35] We did a three-month bus tour, and on that bus, people would hop on and hop off the bus. There were a few people there who had already been travelling and already lived in Edinburgh and knew some other people there. They said, 'I'll reach out to these friends of ours; they'll put you up until you can kind of get yourself sorted out.' So, that was just the kind of travelling mentality—'I know these people; they can help you out. Give them a call, stay there until you go on your feet.' That's what we did, it worked out really well. 

[00:14:04] And it just sets you up for life, right? Because those connections and people who help you along the way, you can't put a price on that right. Without having those conversations and that connection with people, then things just don't happen. Fast forward to now, I love making connections with people; that's why I do all day, every day. I kind of join the dots for myself and for other people. 

[00:14:30] Yeah, that's amazing. I mean, I don't know if you know, does that still kind of happen in the travel scene? It's very interesting. I've never heard of [that]. You are the first I've ever heard that someone would just do that for [a stranger], which is very generous. 

[00:14:45] But I guess the question is, you know, what could have happened? There could have been other people that you may not have known because they're complete strangers, and what could have happened could have been something else. I'm just thinking.

Nick Hague:  

[00:14:56] Yeah, I guess when you're 22 [years old] and you need a bed to sleep on, and somewhere cheaper is being offered, then you'll go and have a look at it and check it out. Then if it's right for you, you'll stay, but if not, you'll just decline politely and be on your way. So, I think opportunities come up all the time, and it's how you approach and attack those opportunities [that determine] where you end up and where you get to.

[00:15:20] That's very good. I love that mindset. So, it sounds like you went through to travel the world for like 12 months.  

Nick Hague:  

[00:15:28] Yeah, 12 months.  

[00:15:29] Yeah, gosh. 

Nick Hague:  

[00:15:30] Yeah, we were away for 12 months: six months in Europe and then six months in the snow. [It] was an absolutely wonderful experience. [We] had some great days on the snowboard and worked as a lifty, so I was outside talking to people again and making those connections as people got on and off the lifts. Yeah, I really enjoyed it. 

In reflecting on his unforgettable journey, Hague shares the essence of life experiences that can’t be taught but must be personally lived, embracing mishaps and adventures that shape personal growth, learning, and the unique stories that define who we become. 

Nick Hague:  

[00:16:09] I guess, having no one else to rely on but essentially yourself and, obviously, my girlfriend at the time, who now is currently my wife, so it worked out well. [It's] just those life experiences that you can't get taught; you have to go and experience it yourself. 

[00:16:29] Like I [once] lost money with one of those street merchants playing some sort of game with balls underneath the buckets, and I thought I [could] definitely go and win that, [but I ended up] losing some money on that. It's just those experiences where it's like, 'Oh, I'm such an idiot,' or 'Do I go and do that.' But without being over there and having that experience I don't learn from 

[00:16:50] Yeah. 

Nick Hague:  

[00:16:51] I guess it's just little things like that and then [putting] yourself in situations, you know, even on tube stations or you're out late somewhere at night, where it might not be the best idea to be there. I think you have to learn from all those situations and I think that's a great way to do it. We were quite fortunate that nothing bad happened to us too, but it's definitely [about] learning and growing.

[00:17:16] Yeah. I guess you take these learning experiences away as an individual, especially at that age, to mature and grow. When life comes around [with] so many things that you've got to do, you just go, 'Wow', all these experiences can definitely aid and [help you] develop to be the person that you are now. It's amazing to be able to hear that kind of story. That's wonderful. 

[00:17:36] Yeah, thanks. I guess, Tryone, you need to learn from those experiences, right?

[00:17:41] Yeah, yeah, that's exactly right. 

[00:17:42] You can keep making the same mistakes, but hopefully, at some point, you will stop and learn, and say, 'Okay, let's not do that again,' or maybe you could do that a little bit differently. 

In a daring leap of entrepreneurship, Hague began his electrical business in 2006, facing a sink-or-swim scenario, minimal planning, and tight finances. 

[00:18:21] It started with just me and a ute. I started [my business] in 2006, about six weeks before my first child was born. So it was kind of like a sink-or-swim mentality back then. I didn't really put too much planning into it, but had my blinders on and [I thought], 'Well, this is what I'm going to do, and I don't know any other way,' so [I] just jumped in and did it. 

[00:18:53] [We were] a little bit tight early on. I remember having $2,000 in the bank account just after we started our business, right before Christmas.

[00:19:01] Oh wow. 

[00:19:01] And waiting for some invoices to get paid and that was a little bit stressful. But we got through that and just kind of went from strength to strength. 

[00:19:09] But I don't think there's any good time to start a business. If you're going to do it, you just make the decision and ride every speed bump or climb every hill that you have to get to where you need to go. Then 17 years later, I've done a little bit on the side of developing wise in the business and was always interested in property. So, yeah, [after] 17 years, [I have] kind of just jumped out of that recently. 

During his first tax return as a business owner, Nick serendipitously ventured into the realm of property development, ignited by a chance encounter with a book and a meaningful conversation. 

[00:19:58] It was my very first tax return that we had to do once we were a business. So, we had a family trust and things set up, so we had to go see a different accountant. [We] went to my accountant and we just got chatting to her about property and whatever else in business, and she gave me this book, 'Zero to 350 Properties in Three and a Half Years.' 

[00:20:24] Yeah, 'Zero to 130 Properties in Three and a Half Years'. 

[00:21:13] So she gave me that book there and then, and that was kind of the start of my property journey. I was hooked after that. But just talking about that now, going back, my mom used to try and drag around open houses; she used to love looking at open homes all the time. So, she dragged me from one open [house] to the next just to look at all these houses. I didn't really enjoy it back then, but I'd probably have to start dragging her to some open homes now too—a bit of payback. But I think that definitely did help with my love of property really early on. I didn't really realize it until I got further down the track and started getting into it a little bit more.

[00:21:55] So, was this during the time when you were running your electrical business as well, when Mum dragged you along to have open houses? Or was it when you were a kid? 

[00:22:02] No, it was when I was a lot younger. I had no time to do anything but run the business then. It was younger days when I kind of had no choice. I couldn't say no; I had to kind of go. 

Having personally witnessed the transformative impact of renovating his property, Hague felt inspired to delve into property development. Joining forces with a knowledgeable friend and gathering support from family and friends, they embarked on their first project together. 

[00:22:30]I knew I wanted to get into property as a wealth creation tool. [We] had just gotten into our first property that I had just renovated as well. So I kind of enjoyed doing that—not so much the renovating part, but seeing the uplift and the end product, which was really inspiring. [I made me realize] that we could do it ourselves or how we can add value to a property quite easily. 

[00:22:57] And then I guess working around a lot of new homes in the electrical industry, and seeing what people were doing and [how] builder developers were splitting blocks and sliding houses and such, I took a really big interest in that. 

[00:23:11] And then from there, I was like, well, if they can do it, why can't I do it? So I teamed up with a mate of mine who was quite a switched-on guy; he was a cabinet maker. Between us, we had a lot of family and friends that were willing to back us with some capital and definitely some good conduct in the trade. We found our first splitter at that point, split a block, and built two houses in [indiscernible] back in 2011, I think. So yeah, a while ago now.

[00:23:43] Yeah, that's amazing. So I guess your skill set [as an] electrician and your mate [being] a carpenter, do you think any of those skill sets could have been used in that process? Or was it a completely different set of skills that you had to pick up?

[00:23:56] I guess we used our own skill sets as an extension to developing [properties]. I had project management experience [and] some business experience, where he had on-site experience. So, we definitely brought those skill sets to what we were doing. But I don't think those skill sets necessarily made us or broke us, but I think it definitely did help. 

As his electrical business grew and he had a team in place, it allowed him to explore property development as a side venture, fostering a growing passion that eventually intertwined with his expanding business. 

[00:24:41] was on the tools at the start to build the business. As I got people underneath me—apprentices and other tradespeople—that kind of freed me up a little bit to go and have a look at what you would call a side hustle, but in the property development space. It definitely did grow that love for it. The more I got into it, the more I loved doing it, [and] the more I could put my own stamp on things. 

[00:25:09] Then, having the builders in my pocket, so to speak, and my own tradesmen in my pocket, we could potentially use that labour as well to help us out on our development. It kind of went hand in hand, so to speak, but I definitely had to get the business to a certain point where I could free myself up to have the mind space for other things developing wise. 

[00:25:33] Absolutely. How long do you think it took you to get to that point?

[00:25:38] The first three years of the business, life was probably a bit of a blur. 

[00:25:43] Like having a child. 

[00:25:43] It was one young child and a business; it was kind of like having two babies. [My] wife was very supportive [during] that time. We had kids so we could look after them, not so we could palm them off to somebody else. 

[00:25:46] It was a really win-win situation; we always wanted to have a family, and the electrical business gave us the freedom to have that family. [It allowed] my wife to stay home and look after the kids because that's what [she] wanted to do. It [also] gave me the flexibility to start the [working with] property as well and just to build that wealth. So, I had a bit more time at home because as I said those first three years in business were tough.

Hague provides insights into his first renovation project, skillfully overcoming the unique challenges of transforming a three-bedroom house in Wishart while strategically leveraging the expertise of friends and family for various tasks. 

[00:26:48] There was a little bit of pressure, I guess, from myself to get it done as quickly as I could. Not for any other reason, but I just wanted to get it sorted. It was just a little three-bedroom, one-bathroom house in the South Side suburb of Wishart. I thought [it] was big enough to potentially put a second bathroom in the main bedroom, making it three-bedroom, two-bathroom. [That] added a little bit of value there. It [had] easy access to underneath the house because it was raised off the ground, so I knew that was going to be pretty straightforward. 

[00:27:29]And it worked out fairly well. [After] we finished the renovation, we held that property for probably eight to 10 years. Then I remember someone saying to me that it was a good time to get rid of properties if you can use the capital better somewhere else. So at that point in time, we sold that property, took some capital out, and [indiscernible] something else. 

[00:27:51] That's excellent. So, with that particular property, did you need to do much electrical work on that since you're an electrician?

[00:27:57] No, I didn't really. Just [installed some] new lights here and there, and [also added] some new lights and things for the bathroom. But yeah, not much at all, to be honest. 

[00:28:08] Yeah, sounds like a chippy [carpenter] and a plumber were probably the main people that were involved. 

[00:28:12] Yeah, chippy and plumber, and [I] actually got some of my mates' parents around. They were looking for some work at the time. So they came around and painted the inside of the house for me as well. So that was a win-win because I'm not a huge fan of painting, to be honest.

[00:28:25] At that point in time, early on your journey, you were very efficient [in utilizing] other people to do the work with the expertise. You basically just project managed it.

[00:28:41] And I guess that comes from that whole business mindset, right? Well, if I can go out and earn this sort of money or, [rather], start having to paint my own house, how am I leveraging my time better? I'm obviously better off earning at that point in time in my business, and then get some people into painting. 

[00:28:59] So, I learnt really early on [about] what the cost of opportunity is. I could be out there trying to get more business to grow [the company] because that was my main focus, but I also wanted to get my house done. So, I couldn't be in both places at once. To leverage your time, [for] the cost of doing business, you just have to weigh that up and take the best road for you and for the business and what's required. 

After reflecting on his initial renovation, Hague highlights the progress he has made by sharing the extensive number of projects he has been involved in since then. 

[00:29:43] I counted up the other day. I've done about 35 developments or 35 renovations. So, I've been involved in a deal in one way or another in 35 deals; whether that's [indiscernible] or joint venturing or doing them myself yeah. I've been pretty busy. 

Nick Hague’s story continues in the next episode of Property Investory, where he reflects on a once-successful property investment that took a downturn.  

 

[00:08:50] It was really hard to rent the property out. We had to drop our rents consistently to just get tenants in there; the quality of tenants kind of went down as well. Then we had a tenant pass away in one of the units, so just to top everything off, which is a really sad event. 

He unveils the reasons behind his transition from running an electrical business to entering the property development sector. 

[00:12:16] I think the electrical business had run its course, and it definitely served its purpose. I was definitely looking for a change, and [one that would allow me to] keep the lifestyle for my family to a level where we were comfortable. 

He shares the advice he would give to his past self at the beginning of his property venture. 

[00:17:30]  I've definitely thought recently that I would definitely hold more property. We've developed and sold a lot of property over time, but to keep one or two of those along the way would have been really good.  

And that’s next time on Property Investory.