In this episode of Commercial Property Investing Explained, Beau Thaller joins hosts Steve Palise and Adrian Chicino to share how he turned a weekend Lego side hustle into a $1 million commercial property portfolio in under two years.

With no prior investing experience, Beau built equity fast through two well-located commercial assets in Perth. One was a warehouse with value-add potential, and the other a retail property that skyrocketed in value within months of purchase.

This episode covers how Beau leveraged his eCommerce business to fund deposits, why he chose commercial over residential, and what it really takes to build a portfolio from scratch.

We also get into:

• Why Beau walked away from residential investing after his first home build
• How he added nearly $500K in equity from just two properties
• Structuring deals for strong cash flow with upside through market reviews
• Lease terms, tenant negotiations, and managing risk as a new investor
• How a side hustle turned full-time income helped him scale faster
• The mezzanine equity strategy that adds value without major renovations
• Why Palise Property advised him to walk away from a deal, and what happened next

▶️ Want to see the full breakdown? Watch the episode on YouTube: He Turned a Lego Side Hustle Into a Property Portfolio Worth Over $1M

Get your FREE copy of Commercial Property Investing Explained Simply - Use discount code PODCAST CLICK HERE

Get your FREE Commercial Property Paydown Calculator CLICK HERE

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Get FREE access to the Commercial Property Institute course - CLICK HERE

HOSTED BY:
Steve Palise
Ph: 0403 878 497
Email: steve@paliseproperty.com

LinkedIn: https://au.linkedin.com/in/steve-palise

Adrian Chicino
LinkedIn: https://www.linkedin.com/in/adrian-cicino-08b9a96b/
Email: adrian@paliseproperty.com

In this episode of Commercial Property Investing Explained, the mics flip again as Andrew Bean grills co-host Steve Palise about the most recent addition to his personal portfolio: an $3.175 million neighbourhood retail centre in south-east Queensland.

With a lease-doc loan, a 50% deposit and a yield just shy of 6%, Steve locked in roughly $100k of net passive income from day one, added $150k of value within a fortnight, and set himself up to nudge an 8% yield without lifting a paintbrush.

You’ll hear the full breakdown, from how he out-bid three other buyers by going unconditional (and still “over-paying” by only 2.5%), to why boring, multi-tenant strip retail beats chasing a massive residential property portfolio.

We also get into:

• The lease-doc loan playbook: structuring a three-year, interest-only facility around the asset’s WALE (and why a short loan term didn’t scare him)
• Insurance shocks and laundromats: the hidden costs of tobacconists, lint filters and public-access assets and the simple tweaks that slashed premiums
• How one vacancy swap lifted the cap rate overnight and set a new rental benchmark for the entire centre
  
  
  

▶️ And if you want to see the walkthrough of the deal, check out the full video on YouTube: I bought a shopping centre (and sold all of my resi properties)

Get your FREE copy of Commercial Property Investing Explained Simply - Use discount code PODCAST CLICK HERE

Get your FREE Commercial Property Paydown Calculator CLICK HERE

Follow Palise Property on FACEBOOK for Free Tips Tricks & Insights CLICK HERE

Get FREE access to the Commercial Property Institute course - CLICK HERE

HOSTED BY:
Steve Palise

Ph: 0403 878 497

Email: steve@paliseproperty.com

LinkedIn:https://au.linkedin.com/in/steve-palise

In this episode of Commercial Property Investing Explained, we’re flipping the script. Steve Palise takes over the mic to interview our usual host, Andrew Bean — and for good reason.

Because in under 12 months, Andrew turned a tired, underperforming self-storage facility in Wollongong into a fully renovated, cash-flowing beast… and walked away with $2.3 million in equity.

With just $150k down.

No bank funding upfront.

And a whole lot of hustle.

You’ll hear the full story — from the creative deal structure (hint: it involved an option contract and 150+ tenants), to the exact improvements he made, how he funded the renos using revenue from the property itself, and how he dealt with angry tenants when their rents doubled overnight.

We also get into:

• Why self-storage is one of the most overlooked commercial asset classes
• How Andrew negotiated a win-win for every party in the deal (including the agent)
• The real cost of creating “passive” income (spoiler: it’s not so passive)

If you’ve ever wanted a breakdown of what it actually takes to pull off a value-add commercial deal — this is it.

▶️ And if you want to see the walkthrough of the deal, check out the full video on YouTube: How He Made $2.3M in Less than 12 Months with Almost NO Money Down

Meet Andrew Bean
Andrew is the Head of Client Strategy at Palise Property and the host of The Commercial Property Show Australia — the country’s #1 podcast on commercial real estate.

He’s been investing in commercial property since 2016 and is now regarded as one of Australia’s leading educators on self-storage investing.

He’s also the founder of CP Data, the first platform to break down commercial markets by sector using data — and a former professional baseball player for Australia and Germany.

When he’s not scouting deals or recording podcasts, you’ll find him hanging out with his kids or at the CrossFit gym.

Get your FREE copy of Commercial Property Investing Explained Simply - Use discount code PODCAST CLICK HERE

Get your FREE Commercial Property Paydown Calculator CLICK HERE

Follow Palise Property on FACEBOOK for Free Tips Tricks & Insights CLICK HERE

Get FREE access to the Commercial Property Institute course - CLICK HERE

HOSTED BY:
Steve Palise

Ph: 0403 878 497

Email: steve@paliseproperty.com

LinkedIn: https://au.linkedin.com/in/steve-palise