Buyer’s agent and Procure Property Partners founder Justin Bonello joins the show to share how he built a $4.6M property portfolio across six assets by age 26. Starting out as a 16-year-old sparky on a $49K wage, he details how disciplined saving, strategic regional purchases, and equity recycling allowed him to scale rapidly despite tight bank servicing limits.
Justin and Bill unpack the real-world lessons of early land-and-house builds, managing trashed rental properties during COVID, and pivoting from major banks to mortgage brokers and low-doc lending. Plus, Justin details why he is pivoting away from hot interstate markets to target high-yielding Melbourne units below replacement cost.
🚀 Limitless Takeaways
Fast Saving Foundation (00:01:06): Save aggressively to build initial property deposit buffers.
Discounted Regional Entry (00:13:32): Target sub-$300K regional markets to preserve borrowing capacity.
Equity Recycling Momentum (00:15:48): Cash out property equity growth to fund future acquisitions.
Strategic Entity Setup (00:24:41): Move to trust structures to protect assets and expand borrowing.
Melbourne Unit Pivot (00:28:31): Buy high-yield metro units priced well below replacement cost.
💬 Your Turn!
Are you scaling your portfolio using high-yield regional residential properties, or pivoting into boutique metro units for cash flow and replacement cost value?
Comment what strategy you want to try next!
Connect with Justin Bonello:
https://www.linkedin.com/in/justin-bonello/
https://www.procurepropertypartners.com.au/
Check out our Limitless Accounts:
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