Latest news with #propertymogul
Daily Telegraph
6 days ago
- Business
- Daily Telegraph
From $40k to 38 homes: how to build a $14m property empire
An Aussie property mogul who turned a measly $40K into a staggering 38-property empire is revealing his secrets to help battlers break into Australia's brutal housing market. A standout among property investing peers, Bharat Patel was once a cash-strapped international student at the University of Technology in Sydney and now sits on a jaw-dropping $14m asset base – buying five properties so far this year alone across Queensland, Tasmania, and Darwin. His bold claim is that even if you're scraping by on $50k a year right now, you can still buy property in Australia. MORE: Tradie's colossal 5.5m find in Aus backyard Million-dollar shock: Most Aussies now priced out of house market MORE: 56 suburbs where Aussies suffer most Inside slumlord's crumbling empire: derelict, unliveable, worth millions Mr Patel, who set up Cashflow Properties to help others repeat his success, believes a mindset change is required for his shockingly simple strategy of starting small but thinking big, leveraging the bank's money, zeroing in on growth markets – rinse and repeat 40 times. 'A strong mindset is important, even if you are someone who is currently on a low income $50,000 or $60,000, you can still you can buy property in Australia as long as you know where to buy your first property. If you have $30,000 to $40,000 yes, you can still buy property in Australia in 2025.' 'It's all about buying the cheaper property first, leverage from the bank, and you have to be ready to buy the next property where market is moving so you are buying in a growing market.' 'Your equity will be there to support you for the next property as long as you buy the right property at the right time with the right price tag.' MORE: Property shake-up: Big bank flags surprise trends since rate cuts Shock twist as former Virgin CEO to tear down $17m mansion For him it is all about buying cheaper first and then snowballing rather than going for $2-4m home first off and being stuck with it. 'Start small scale, and don't just sit back and relax. Use your opportunity if you have it.' 'It was extremely challenging for me to buy 10 properties initially in 10 years, and then it started getting easier because I knew the success, the resources, the markets which are going to boom, so that I made decisions quite easily.' His book called 'From an international student to owning 30 properties in Australia' is a step-by-step guide to building a passive income stream for retirement, and available from Amazon, Apple store, Google and in bookstores like Booktopia and Dymocks now. 'I'm purchasing my 38th property as we speak, but in the book I just mentioned my first 30 properties and how I started with almost nothing after my university degree at UTS, and then, slowly, one property at a time, I just built my property.' MORE: Aus cities break into global top 10 Inside new liberal leader's property portfolio 'The main purpose of the book is to give confidence to people who may be on a low salary, and are thinking that in Australia, they cannot buy any property – which is false. As long as you understand where your position allows you to buy something as a stepping stone, you can always build your property portfolio later.' He used a combination of purchase vehicles to lock in his last few five homes, buying one via superannuation, and four in personal names and a family trust he created. 'It depends on which property it is, where I am buying, and what the purpose is out of that property as well. The one I purchased in Darwin was from our family trust. Noone was buying in Darwin, but I can see there are lots of opportunities in Darwin nowadays.' He used superannuation to buy a Gladstone property in Queensland. 'It's doing extremely well, similar to what happened growth-wise in Townsville, also Rockhampton is also moving up as well.' Mr Patel said the affordable stock of properties across Queensland made it a strong target for investors. 'Obviously the whole of Queensland is on the next horizon in terms of infrastructure because of the Olympics coming, not only Brisbane but the majority of the regionals are also experiencing the boom. So because of the affordability, because of the low stock, and because not many properties are going to be available due to the construction crisis, it's definitely a growth corridor.' Mr Patel said he was now looking to diversify state-wise too, looking at Northern Territory and maybe one more in Tasmania, as well as commercial properties. 'My ultimate goal is to hit 50 properties, the sooner, the better. I will try. I will work on my debt consolidation strategy as well because obviously every property brings you debt. At some stage you have to consolidate your debt again, it is all good debt so depending on my age and retirement plan, I will start consolidating my debt after hitting 50 properties.' MORE REAL ESTATE NEWS
News.com.au
6 days ago
- Business
- News.com.au
From $40k to 38 homes: how to build a $14m property empire
An Aussie property mogul who turned a measly $40K into a staggering 38-property empire is revealing his secrets to help battlers break into Australia's brutal housing market. A standout among property investing peers, Bharat Patel was once a cash-strapped international student at the University of Technology in Sydney and now sits on a jaw-dropping $14m asset base – buying five properties so far this year alone across Queensland, Tasmania, and Darwin. His bold claim is that even if you're scraping by on $50k a year right now, you can still buy property in Australia. Inside slumlord's crumbling empire: derelict, unliveable, worth millions Mr Patel, who set up Cashflow Properties to help others repeat his success, believes a mindset change is required for his shockingly simple strategy of starting small but thinking big, leveraging the bank's money, zeroing in on growth markets – rinse and repeat 40 times. 'A strong mindset is important, even if you are someone who is currently on a low income $50,000 or $60,000, you can still you can buy property in Australia as long as you know where to buy your first property. If you have $30,000 to $40,000 yes, you can still buy property in Australia in 2025.' 'It's all about buying the cheaper property first, leverage from the bank, and you have to be ready to buy the next property where market is moving so you are buying in a growing market.' 'Your equity will be there to support you for the next property as long as you buy the right property at the right time with the right price tag.' Shock twist as former Virgin CEO to tear down $17m mansion For him it is all about buying cheaper first and then snowballing rather than going for $2-4m home first off and being stuck with it. 'Start small scale, and don't just sit back and relax. Use your opportunity if you have it.' 'It was extremely challenging for me to buy 10 properties initially in 10 years, and then it started getting easier because I knew the success, the resources, the markets which are going to boom, so that I made decisions quite easily.' His book called 'From an international student to owning 30 properties in Australia' is a step-by-step guide to building a passive income stream for retirement, and available from Amazon, Apple store, Google and in bookstores like Booktopia and Dymocks now. 'I'm purchasing my 38th property as we speak, but in the book I just mentioned my first 30 properties and how I started with almost nothing after my university degree at UTS, and then, slowly, one property at a time, I just built my property.' Inside new liberal leader's property portfolio 'The main purpose of the book is to give confidence to people who may be on a low salary, and are thinking that in Australia, they cannot buy any property – which is false. As long as you understand where your position allows you to buy something as a stepping stone, you can always build your property portfolio later.' He used a combination of purchase vehicles to lock in his last few five homes, buying one via superannuation, and four in personal names and a family trust he created. 'It depends on which property it is, where I am buying, and what the purpose is out of that property as well. The one I purchased in Darwin was from our family trust. Noone was buying in Darwin, but I can see there are lots of opportunities in Darwin nowadays.' He used superannuation to buy a Gladstone property in Queensland. 'It's doing extremely well, similar to what happened growth-wise in Townsville, also Rockhampton is also moving up as well.' Mr Patel said the affordable stock of properties across Queensland made it a strong target for investors. 'Obviously the whole of Queensland is on the next horizon in terms of infrastructure because of the Olympics coming, not only Brisbane but the majority of the regionals are also experiencing the boom. So because of the affordability, because of the low stock, and because not many properties are going to be available due to the construction crisis, it's definitely a growth corridor.' Mr Patel said he was now looking to diversify state-wise too, looking at Northern Territory and maybe one more in Tasmania, as well as commercial properties. 'My ultimate goal is to hit 50 properties, the sooner, the better. I will try. I will work on my debt consolidation strategy as well because obviously every property brings you debt. At some stage you have to consolidate your debt again, it is all good debt so depending on my age and retirement plan, I will start consolidating my debt after hitting 50 properties.'
Daily Mail
29-05-2025
- Business
- Daily Mail
I own more than 300 properties... but I'm angry with myself for missing a life goal when I turned 40
A property mogul who owns more than 300 homes worth nearly $250million has claimed he still doesn't believe he has enough. Nathan Birch, 40, said he was not completely satisfied with his achievement because he had not yet become a billionaire. Mr Birch said he was planning on buying another 100 properties in just four weeks to grow his empire even further. 'I wanted to be a billionaire when I hit 40,' he said. 'That's not going to happen, but I will get to a billion at some point. 'My goal is to have 10,000 properties one day. It's for grandkids. I hope that when I die, my life will be like a corporate entity.' Mr Birch knows his ambition will make some Aussies cranky given the cost-of-living and housing crises. He acknowledged people will say he's part of the problem when it comes to rising property prices. 'There will be a whole bunch of people who won't like it. Some people will say "how dare he",' Mr Birch said. 'I've just come to accept that not everyone agrees with it. Even my mum, when I got to 200 properties, she said "don't be stupid, don't buy more". 'The thing is, my actions are based on numbers. This is what keeps me focused.' Mr Birch grew up in a single-income household in Mt Druitt in western Sydney and made his first investment at 18 with money saved from working while he was still at school. He's planning on buying his next 100 properties by exploiting a banking mechanism known as 'leverage'. His strategy is to draw out equity from his other properties through refinancing deals, which fund the costs of buying new homes - many of which have been bought for just $200,000. The properties are generally rented out for a higher price than the loan repayments so banks are happy to give Mr Birch credit for his deals because the holding costs of his portfolio are low. He will also buy properties in low socio-economic areas, which helps him buy under the market value. He said buying under market value made his loans low risk to the banks and meant he had instant equity which he would use to 'leverage' into another home. It helped him buy 200 properties by the time he was 31, but he said buying so many properties was not an easy task. 'I got to a point pre-Covid where banks wouldn't lend to me,' Mr Birch said. 'I had to pay in cash. Over time, it caught up with me. I had to sell off a few in 2017 and 2018. I had to swap a lot of properties and there was a lot of land tax. 'There have been days when I vomited up food because of the stress, and I usually handle stress really well. Sometimes it gets to you.' He said family members had tried to tell him to stop buying more properties. 'My mum is fearful. She was excited for the first few properties but then she said 'you'll go bankrupt',' he said. 'All this noise from people who loved me were thoughts. They weren't real. Many of my family members didn't know how all this debt stuff worked. 'Now my mum says "I don't know how you do it, but you know what you are doing".'
