Here’s a Youtube clip worth watching.
It’s a unique insight into a young Australian, Nathan Birch, who has incredibly gone from nothing to owning a property portfolio worth over $20 million in just over 10 years. He retired from the general workforce at the age of 24. His properties now generate passive net income of $500,000+ per year so he’s well and truly set now for life.
It sounds easy doesn’t it?
- generate an income enabling you to investment
- set a goal for the income you would like to generate, then work backwards and formulate a plan to achieve it
- do lots of research in the areas you’re buying
- buy undervalued properties
- seek yield; and
- focus on metro areas with growth potential
Presumably to be this successful you also need a bit of luck along the way… like a few big/early wins, continued/favourable tax incentives for investors and a real estate market in Australia which has generally shown strong growth for 20+ years.
But are these types of results still possible in a new world of transparency with the internet and tighter credit policies being applied by the banks?
Will the next 20+ years be equally favourable for Australian property investors and will Nathan achieve his next goal of $10 million p.a. passive income by the time he’s 40?
How does watching a clip like this make you feel?
