N
athan Birch, a 40-year-old real estate investor from Western Sydney, has revealed his plans to buy 100 properties in just one month. With over 300 properties worth nearly $250 million, Birch admits he's not satisfied with the size of his portfolio and wants to become a billionaire before turning 50.
Birch started his property empire by buying rundown homes in low-income areas, often using clever tactics such as exploiting banking mechanisms like leverage to fund new purchases. He targets homes selling at under market value through off-market sales, allowing him to buy at lower prices and then use the "instant equity" to secure loans for future investments.
Birch's strategy has been successful, with his portfolio growing rapidly over the years. However, he acknowledges that his plans will likely spark controversy, particularly from those who accuse him of exacerbating the housing crisis by snapping up homes that could be sold to first-home buyers.
Despite criticism, Birch remains focused on his goal of owning 10,000 properties one day, driven by a desire to leave a lasting legacy for his grandchildren. He's been open about the personal challenges he's faced, including dealing with family members who've expressed concerns about his debt levels and the risks associated with his investments.
Birch has managed to reduce his bank debt to $16 million and has an additional $11 million in other debts, leaving him with a total debt position of around $27 million. He plans to use the equity from his existing properties to fund new purchases, aiming to buy 100 properties over the next month using a combination of refinancing deals and cash.
Birch's approach has been shaped by his experiences growing up in a low-income household in Sydney's Mt Druitt area. He started investing at 18 using money saved from high school jobs and gradually built up his portfolio through smart buying tactics. Today, he runs a successful buyer's agency and property management business that supports his investments.
Birch's goal is to become a billionaire by the time he turns 50, but for now, he's focused on expanding his portfolio and creating a lasting legacy for his family.
