John has over 20 years of experience investing in real estate, primarily in the US (Silicon Valley residential and commercial, and commercial property on the East Coast/South) and Australia. He began investing in property at a young age, leveraging funds from a college scholarship to purchase his first home at 18, a small university apartment in Sydney that cost $60,000—the first of 20+ investments in Australia alone. Since then, John has made millions of dollars through buying, holding, and selling residential and commercial properties. Profits from these investments allowed him to attend Stanford University, where he earned an MBA and Masters in Education (summa cum laude) and was elected President of the year.
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Watch the episode here:
Main point:
- Why he started investing in real estate at such a young age and how to get started.
- Practical tips on how to invest passively in real estate to grow your net worth and build generational wealth, as well as how to make your first million in real estate—especially in a volatile market.
- How technology is revolutionizing the real estate market, and what lessons can be learned from other industries (eg internet, travel).
Connect with John Foong:
- john.foong@domain.com.au
- https://www.facebook.com/domain.com.au/
- https://www.instagram.com/domain.com.au/
- https://www.linkedin.com/in/johnfoong/?originalSubdomain=au
- https://www.youtube.com/c/domaincomau
- https://www.domain.com.au/
Biography John Foong:
John has over 20 years of experience investing in real estate, primarily in the US (Silicon Valley residential and commercial, and commercial property on the East Coast/South) and Australia. He began investing in property at a young age, leveraging funds from a college scholarship to purchase his first home at 18, a small university apartment in Sydney that cost $60,000—the first of 20+ investments in Australia alone. Since then, John has made millions of dollars through buying, holding, and selling residential and commercial properties. Profits from these investments allowed him to attend Stanford University, where he earned an MBA and Masters in Education (summa cum laude) and was elected President of the year. John has also had a remarkable corporate career. He spent 13 years at Google in the UK, Ireland and the US, where he held a variety of senior leadership go-to-market positions, including heading the multi-billion dollar global partner program for Google Cloud, where he was responsible for 20,000 partners and 350 employees. In 2014, he became the youngest director at Google Cloud. John has also worked for McKinsey and Uber and is currently the Chief Revenue Officer of Domain, a leading Australian real estate property listings platform with 9M+ monthly users. He was recently named #36 in Australia’s Top 50 influencers and innovators by Elite Agent, the #1 real estate publication in Australia. Currently overseeing 600 employees, John is in charge of accelerating Domain’s marketplace strategy across its Residential, Commercial, Developer, Media, and Agent Solutions businesses as well as leading the Go to Market, Sales Operations, and Customer Experience teams.