Ep. 84 - Achieving Financial Freedom through Property Investing with Steve McKnight

Help Shape The HMO Property Show! Tell us what you love, what you'd change, and what topics you want next. Take our quick survey here: https://wkf.ms/419QNLa In this episode of The HMO Property Show, host Neil Gibb sits down with renowned property investor and author Steve McKnight. Steve shares the story of his journey from his very first investment property purchase in Ballarat up through building a portfolio of over 130 properties. Steve discusses how after working as an accountant, he was introduced to the concept of positive cashflow investing through a Robert Kiyosaki seminar. This sparked his interest in an alternative to the traditional negative gearing model. He talks about the importance of focusing on cashflow returns over capital growth in order to achieve true financial freedom and passive income through real estate. Steve takes listeners through his early strategies of using vendor finance to acquire properties cheaply and generate positive cashflows from the start. He then explains his transition from residential to commercial property as prices rose and yields fell. Steve shares how commercial real estate allowed him to scale his portfolio for higher income returns. Listeners will learn Steve's philosophies around setting clear goals and having a long-term plan to systematically grow their portfolio. He discusses how he was able to purchase over 130 properties in just a few years by continually redeploying profits. Steve also talks about leveraging other people's money through joint ventures and funds to multiply his returns. For anyone interested in property investing, passive income or financial freedom, this episode provides invaluable insights and strategies from one of Australia's most successful property investors, Steve McKnight. Neil Gibb and Steve discuss the path to portfolio growth, positive cashflows and ultimately living off your real estate investments. Key points discussed: Steve's first property purchase and early strategies  The importance of positive cashflow over capital growth Transitioning from residential to commercial property Setting goals and having a plan to scale your portfolio Using other people's money through joint ventures Chapter markers: 0:00:01 Welcome 0:07:34 Steve's first property 0:13:31 Positive cashflow vs capital growth 0:18:11 Residential to commercial transition 0:25:00 Setting goals and having a plan 0:35:00 Joint ventures and using other people's money For more information, visit For those that prefer to watch you can also catch us on YouTube. Want help with your investment strategy? Reach out to us for a free, no-obligation initial chat with our team and see how we can help you with your investment journey. Book Now Join the Perth HMO and NDIS High Cashflow Investment Properties Facebook Group.   The HMO Property CoWebsite: www.thehmopropertyco.com Instagram: @the_hmo_property_co FaceBook: The HMO Property Co LinkedIn: The HMO Property Co YouTube: The HMO Property Co TikTok: thehmopropertyco_ Spotify: The HMO Property Show Apple Podcast: The HMO Property Show Living Rooms - https://livingrooms.com.au/ Disclaimer Nothing on this channel should be considered tax, financial, investment or any kind of advice. Everyone should do their own due diligence as only a professional diagnosis of your specific situation can determine which strategies are right for your situation. Our goal is to frequently feature edgy and actionable value, thought leadership and property/investment strategies.