Friends With Money #2: Rethinking property investment

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On this episode of the Friends With Money podcast, host Julia Newbould is joined by successful property investors and authors Scott and Mina O'Neill.

"31 degrees. Sun on my face. Sand between my toes. Life was pretty relaxed as we lay on a beach in Kos, in the Greek Islands. It was 2016 and Mina and I were relishing a six-month break from Australia," says Scott O'Neill.

What a hook - isn't it the dream - to be able to retire to a Greek island? The couple thought they'd hit the jackpot, retiring from your day job at age 28 owning 25 residential and commercial properties scattered across four states.

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Mina and Scott O'Neill are professional property investors - they run a buyer's agency for commercial property investors and have to date helped more than 2000 clients purchase well over $1 billion in Australian real estate.

They started their own property investing early and have just published their first book - Rethink Property Investing.

The couple worked hard, saved for many years and obsessed over every property decision. However, when they returned from their Greek Island holiday, one they had enjoyed every summer for several years, the O'Neills were not ready to retire.

They started to transition their portfolio into commercial property, and then realised that their knowledge of the commercial property market could help others get their start. They found most people didn't know what commercial property included, what the advantages and disadvantages were and when they were ready to buy weren't sure where to start.

This realisation prompted the O'Neills to start their own buyer's agency to help people make their first moves into commercial property. The couple is now busier than ever and through their book Rethink Property Investment - they are able to tell their story and spark even greater interest in commercial property.

The Friends With Money podcast is also available on Apple Podcasts, the Google Play store, Spotify and all major podcast platforms.

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Julia Newbould is the managing editor of Money magazine and is one of the hosts of the Friends With Money podcast. She was previously editor of Financial Planning and Super Review magazines; managing editor at InvestorInfo and at Morningstar Australia. Julia co-authored The Joy of Money, a book on women and personal finance. She holds a Bachelor of Economics from the University of Sydney where she serves on the alumni council.

Scott O'Neill is an experienced property investor and the founder and director of Rethink Investing, a property investing company specialising in finding positively geared residential and  ommercial properties around Australia. He has an MBA from UNSW's Australian Graduate School of Management.

Mina O'Neill is an experienced property investor and the operations manager of Rethink Investing, a property investing company specialising in finding positively geared residential and commercial properties around Australia. She has a Bachelor of Arts from the University of Notre Dame Australia.