Don't pay yourself on assumptions and do not get caught up in a comparative lifestyle. These two things will save you in a downturn of income.

In this episode, Dan interviews Gavin Gallagher. Gavin has been working in the commercial property space of acquisitions for quite some time, he has a wealth of knowledge and experience. Guy and Dan discuss their journeys, the mistakes they have made and how you can avoid them.

KEY TAKEAWAYS

• Gavin was born into a real-estate family in the sense both his father and grandfather were involved in it. He was familiar with running around building sights as a child so it was in his DNA! In his late teens, he decided he wanted to get into architecture, sadly part way through his course Gavin's Dad died suddenly. This meant Gavin had to get involved in the family business.
  
  
• Quite a few mistakes were made in the beginning as Gavin did not have any experience but the mistakes gave him fire and it made him incredibly ambitious to do better.
  
  
• As well as helping with the family business Gavin began doing his own side projects and investing in property. He discovered the turnover that could be made and took a bit of a cookie cutter approach on his successes.
  
  
• Gavin suffered a major downturn in 2008 and it meant him having to go back to family for financial help after making over a million in passive income per year previously. It was very humbling.
  
  
• Any bad choices you make today, you will see the effects of in years to come, there is no reversing what you have done years previously.
  
  
• Gavin preaches the r e's. Your emotions, your ego, the economy, events are the four things that can take you down in some shape or form.
  
  
• You have to stay curious and continually learn otherwise opportunities will pass you by. Whatever you are working on and is making you money now will inevitably change, you need to be ahead of the game to continue to be successful.

BEST MOMENTS 

“Been on the emotional rollercoaster of acquisitions”

“It was quite painful to look back and realise all the mistakes we made”

“I was the person going out and rolling my sleeves and finding the deals”

“You just don't know the story and so don't compare yourself to others”

ABOUT THE GUEST

Gavin Gallagher

https://gavinjgallagher.com/podcast/

ABOUT THE HOST

Dan Taylor

Dan has completed over 36 transactions with a value in the tens of millions, though more importantly, he has added significant value by combining creative commercial property strategies and business buying strategies.

Working with existing property investors and SSAS Pension owners. Dan helps accelerate your income, grow your wealth and reclaim your time to live life on your terms.

Dan believes acquisitions are simply the fastest route to create cash flow and generational wealth.

Dan loves to help investors create cash flow and grow their wealth by investing with him.

Dan and his team do the deals so you don't have to.

Do you have a SSAS Pension or cash that's not producing income and simply don't have the time to do it yourself, then get in touch and if you qualify you may be able to invest with us acquiring businesses and commercial property.

CONTACT METHOD

Website

Linkedin

 Facebook

Instagram

 Sociatap

 Clubhouse: @taylorcapital

This show was brought to you by Progressive Media

Hosted on Acast. See acast.com/privacy for more information.