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

🔗 Need help securing your next commercial property? 👉 Schedule a FREE consultation with Palise Property: https://www.paliseproperty.com/

We sat down with Belinda the Valuer to unpack what really goes into commercial vs residential property valuations—and how to play the game smarter as an investor.

Connect with Belinda:
Website: https://addvaluer.com/

LinkedIn: https://www.linkedin.com/in/belinda-botzolis-30010a151/
Instagram: https://www.instagram.com/belinda.the.valuer/
TikTok: https://www.tiktok.com/@thevaluer

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📋 Download our 100 Point Due Diligence Checklist 👉 https://www.paliseproperty.com/due-diligence-checklist

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Steve Palise is a buyer’s agent experienced in sourcing quality commercial property investments. He has helped thousands of clients secure and purchase properties. Steve Palise has worked for Australia’s leading buyers’ agencies and is passionate about helping others to achieve their goals and financial freedom. His philosophy: Investments should increase your wealth and passive income with as little risk as possible.

Contact us:
https://www.paliseproperty.com/contact

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Connect
Website: https://www.paliseproperty.com/
Facebook: https://www.facebook.com/paliseproperty/
LinkedIn: https://www.linkedin.com/in/steve-palise
Instagram: https://www.instagram.com/paliseproperty/

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Video produced by Social Wave
https://www.socialwave.com.au

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DISCLAIMER: Not Legal, Financial & Taxation Advice.

The Listener acknowledges and agrees that:
• Any information provided by us is provided as general information and for general information purposes only;
• We have not taken the Listeners’ personal and financial circumstances into account when providing information;
• We must not and have not provided legal, financial or taxation advice to the Listener;
• The information provided must be verified by the Listener prior to the Listener acting or relying on the information by an independent professional advisor including a legal, financial, and taxation advisor and the Listener’s accountant;
• The information may not be suitable or applicable to the Listener’s individual circumstances;
• We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, and we have not provided financial services to the Listener.

In this episode of Commercial Property Investing Explained Simply, Andrew Bean and Steve Palise chat with Tim Unwin, a licensed asbestos assessor from All Clear Group, about what investors need to know when it comes to asbestos in commercial buildings.

We cover:

• What asbestos actually is and why it was so widely used in Australian buildings
• Where it’s commonly found in commercial properties (including the places you wouldn’t expect)
• How to identify it—and when testing is necessary
• What the law says—asbestos registers, management plans, and compliance requirements
• The cost of removal—when it’s necessary, what it involves, and how much it could set you back
• How asbestos affects property values—does it scare off buyers, or can it create opportunities?
• The legal risks—why failing to comply with asbestos regulations can lead to massive fines (or worse)

Meet Tim Unwin

Tim is a licensed asbestos assessor and founder of All Clear Group, a leading asbestos consulting firm in NSW. He specialises in asbestos testing, sampling, registers, and management plans for commercial property owners.

With years of experience, Tim has seen it all—hidden asbestos nightmares, million-dollar miscalculations, and investors who either panic too soon or don’t act when they should.

And just for fun, Steve throws Tim a curveball about surviving in a sperm suit in the sweltering Aussie heat don’t miss Tim’s laugh-out-loud response.

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