Mina & Scott O’Neill
’From 0 to $46.5 Million’
Back in 2009, Mina and Scott set out to challenge this ‘traditional way’ of property ownership, by researching alternative markets where cash-flow and capital growth prospects were better than what was on offer in their local area (Sydney). They followed a strategy which involved purchasing properties with positive cash-flow but were also in high-growth areas. In the early days, this was a purely residential method of investing.
However, by always following where the ‘numbers’ make good sense, they soon realised the limitations of residential property investing. The yields on offer in the residential markets were simply not strong enough to build a self-sustaining portfolio. So they had to look elsewhere. This leads them to the lucrative world of commercial property. Before jumping into the commercial property market they invested thousands of hours of research into learning the fundamentals of the industrial, retail, office and speciality commercial sectors. After which they purchased their first commercial property in Perth in 2015 and haven’t looked back since.
Today they have a $46,500,000 portfolio spread over 26 properties. This portfolio produces them a passive income of $1,300,000 per annum after all outgoings and mortgage costs have been accounted for. So they effectively never have to work again. However, they choose to help others follow the same investing strategies that worked so well for them. Since forming Rethink Investing they have helped 2,400 families invest into the property market in the same style of investing which Scott and Mina still follow today.
They have regularly been featured in all major news publications for their comments on the commercial and residential property markets. In 2019 they won Strategic Investor of the year, awarded by Your Property Investment Magazine (recognising the importance of high yielding investing).
For more information listen to our podcast ‘The pros and cons of managing a $46.5 million portfolio’