Just a few weeks ago I saw Max Scott receive the prestigious accolade of Property Investor of the Year award in central London. Unlike many other awards, his achievement is not just a reflection of having concluded a successful, innovative and profitable property deal but an acknowledgment of a period of sustained growth as a property investor. I spoke to Max to learn more about how and what he has created in recent years.
“Over ten years ago I was given the book ‘Rich Dad Poor Dad’ by my mum,” he said. “I then saw a free property investment seminar advert with Robert Kiyosaki so I went along and from there I signed up to a three-day course and then I put my savings into a year’s property investment training at the beginning of 2013. Since then it’s been more about learning through my own actions as an investor and not from any further property education.
“What attracted me to property back then was the idea from the Kyosaki book, that at retirement if you had only bought two buy to lets and paid off the mortgage, then you would be far better off than most people. This might seem to some to be quite a modest goal, but it was and is the idea of creating passive income combined with the power of compound interest that really excited me.
“I have commented recently about ‘Why Property is the Ultimate Game to Play’. This first relates to Daniel Pink’s book ‘Drive’ and how we have a need for autonomy, mastery and purpose and how property is one of the best industries for ticking all these boxes.”
These are sentiments from Max, which many readers will readily concur with and when he explained how he has rapidly grown the Star Group property portfolio in recent years I was keen to know more.
“I believe for many that the more inspiring part of my property journey is how long it took me to get started,” he said, “as it was four to five years of me being the tortoise not the hare. However, in the last two years alone I have bought £50m worth of property and started eight companies within the Star Property Group. We now have a £100m portfolio but the vast majority of this has come about very recently. This is due to the compounding effect of knowledge, experience and networking.