How to Actually Get Rich In Your 20-30s - Josh Morrissey #154

Josh Morrissey re-entered Real Estate after a decade in the trades. By 37, he’d built a property portfolio worth tens of millions, to a multimillion-dollar debt-free position.

He didn’t get there by holding and hoping. Josh says most people calling themselves “passive investors” are just being lazy, and that the equity sitting in your portfolio right now means if you can really use it.

He’s the co-founder of @hiveproperty.co in Canberra, one of the territory’s leading real estate businesses built on activity. He currently holds the three highest sale prices in the ACT for 2026!!

In this episode, he explains:

▪️ Using Dan as a live example, Josh maps out how to turn a $150,000 cash position into $1.4 million in two years.

▪️ Why he calls passive investing “lazy” and what he does instead.

▪️ How subdividing one property can pull out 100% profit with nothing but a DA approval, no build required.

▪️ Why holding a “neutral” cash-flow property could quietly be costing you more than it’s worth.

▪️ The real reason he doesn’t want the bank and the government as his business partners.

▪️ What building his wealth actually cost him and the hardest lessons business should learn from.

00:00:00 Intro

00:04:00 What the End of a 10-Year Plan Actually Looks Like

00:09:19 Why He Wants to Be the Circuit Breaker in His Family

00:11:17 Why Everything He Owns Sits in One Suburb

00:12:38 Why He Left the Trades for Real Estate

00:17:37 Why Money Isn't Real but Time Is

00:19:30 Reposition Yourself to 10x Your Income

00:20:20 How He Made a Year's Income in a Single Day

00:24:00 The Full Structure: Assets, Cash, Business and Buildings

00:26:17 Why He Refuses to Let the Bank Near His Portfolio

00:32:55 Why Cash Beats Equity Every Time

00:35:02 Five Deals at $200,000 a Pop. There's Your Million.

00:36:36 The People Who Buy and Never Actually Settle

00:38:51 Why He Calls Passive Investing Lazy

00:40:12 Ads

00:42:31 How to Manufacture Your Own Timelines

00:44:03 Why Commercial Property Is the Final Boss

00:47:42 The Top Three Sales in the ACT and Why He Builds Where He Sells

00:54:42 How to Do It From Scratch, Step by Step

00:59:41 How to Turn $150,000 Into $1.4 Million in Two Years

01:03:29 Why He Won't Hold a Neutral Cash Flow Property

01:07:42 Why He'll Never Build a High-Rise

01:10:05 Why He Grew From 30 to 45 Staff

01:19:45 Slow Is Smooth and Smooth Is Fast

01:24:58 Why Your Family Gets the Scraps

01:30:24 The Lesson He Wants His Kids to Learn

01:31:58 Why the 1 Percenters Decide Everything

01:40:32 What the Next 5 to 10 Years Look Like

01:44:16 Rapid Fire: Wealth, Regret and the Hardest Lesson

01:52:04 The One Thing to Take Away

Josh Morrissey manufactures his own upside instead of waiting for the market. Property should work the same way.

Most properties only make money if the market does. The ones that pay for themselves from the day you settle are bought differently, and it comes down to four points.

Get the free guide: https://go.bothsides.au/score

Follow Josh:

◼️ Hive Property - https://www.instagram.com/hiveproperty.co/

Bothsides:

◼️ The weekly email - https://bothsides.au

◼️ Bothsides Buyers Agency - https://www.bothsidesbuyersagency.com.au

◼️ Dan - https://www.instagram.com/daniel_beardall/

◼️ Watch on YouTube - https://www.youtube.com/@bothsidespodcast

General information only. Not financial, tax, legal or credit advice. Bothsides is not a mortgage broker or credit provider.