His First Investment Property Was a Disaster (Learn From His Mistakes) | Tan Le

What would you do if your first property investment lost money? Would you quit… or learn from it?In this episode, Tan Le shares his real property investment journey - from winning a car with a half-court basketball shot and using it as his first property deposit…To making costly early mistakes and eventually building a successful property portfolio that nearly doubled in value in five years.This conversation is about how financial decisions feel, how mistakes shape better judgment, and how long-term thinking can transform your results.If you're thinking about starting property investing or you've had setbacks with property before - Tan’s story shows how resilience, better research, and a data-driven strategy can change everything.Tune in to hear about:👉 How Tan used a “lucky moment” to fund his first property deposit (this story is WILD)👉  The first property investment mistake that cost him money… learn from Tan’s mistakes👉  Why buying without a clear plan can lead to poor outcomes👉  The dangers of off-the-plan and oversupplied developments👉  Why mindset and resilience matter in property investing more than most people realise👉  How working with a buyer’s agent and a data-driven strategy changed his results👉  How Tan was able to almost double his property portfolio value in 5 yearsTan’s journey has been far from perfect. But his story highlights the realities of property investing - and by listening, you could avoid the mistakes he made along the way.Key moments:00:00:00 The Half Court Shot00:03:42 First Property Mistake00:08:43 Lessons From Losing $20K00:10:04 Buying With His Wife00:12:15 The Pascoe Vale Blunder00:14:23 Pushing Through Doubt00:15:24 Hiring A Buyer's Agent00:17:47 Portfolio Growth Results00:18:40 Confidence For Retirement00:22:10 Advice For BeginnersAs Tan explains, if you take the time to do your research, understand risk, and surround yourself with the right experts - property can become a powerful tool for financial freedom and generational wealth-🏡The Property Investor Next Door: 100 Property Stories🏡This series features 100 real Australians sharing the unpolished truth about building a property portfolio -  what worked, what didn't, and how it actually felt.-➡️About Ripehouse Advisory⬅️Ripehouse Advisory is an Australian buyer's agency and consultancy that's helped over 11,000 investors take a patient, considered approach to building long-term wealth through property.-📞 See How Ripehouse Advisory Could Help You📞Book an obligation-free call here: https://www.ripehouseadvisory.com.au