Join Australia's most dynamic and respected property investment community

Nathan Birch

Discussion in 'Property Experts' started by Karina, 8th Jul, 2015.

Tags:
  1. Karina

    Karina Member

    Joined:
    20th Jun, 2015
    Posts:
    19
    Location:
    Sydney
    NathanB likes this.
  2. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,583
    Location:
    Adelaide, SA
    Are you serious?
     
    Colin Rice, ej89, S.T and 3 others like this.
  3. KDP

    KDP Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    246
    Location:
    Singapore
    Karina, what's it like working for Nathan?
     
    Tekoz, JacM, TheGreenLeaf and 9 others like this.
  4. OC1

    OC1 Well-Known Member

    Joined:
    6th Jul, 2015
    Posts:
    212
    Location:
    Melbourne
    Do you even know who Karina is?
     
  5. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,550
    Location:
    Melbourne, Australia
    Wow amazing, maybe read SS about this amazing guy.
     
    JacM and Morpheus like this.
  6. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    1,693
    Location:
    Brisbane..
    [​IMG]

    It's not as if he was given it all on a plate,i read this somewhere-for most ,success is the sometimes very harmful passage from the camp of the hating to the camp of the hated ,and success is a state of mind..
     
  7. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,583
    Location:
    Adelaide, SA
    Tim & Chrissy, HUGH72 and KDP like this.
  8. KDP

    KDP Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    246
    Location:
    Singapore
    Nope, just a strange first post for someone to make on an account.

    Nathan's story is great, no doubt about it. I've also spoken to him a fair few times, nice guy.

    Edit: if it's the same Karina as from Somersoft, then I do know her. We were emailing about properties in Georgia a few years back. Still stick with the same comment though, maybe with a :p at the end.
     
    Karina likes this.
  9. OC1

    OC1 Well-Known Member

    Joined:
    6th Jul, 2015
    Posts:
    212
    Location:
    Melbourne
    Not an old timer KDP? :rolleyes:
     
  10. KDP

    KDP Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    246
    Location:
    Singapore
    No, no I am.

    Perhaps I can put a :p at the end of my post.
     
    sumterrence likes this.
  11. Karina

    Karina Member

    Joined:
    20th Jun, 2015
    Posts:
    19
    Location:
    Sydney
    I don't think Nathan needs anyone promoting him his results speak for themselves and for the record I have never worked for Nathan. I certainly know him though. I met Nathan years ago through somersoft and I think at the time he had no more than maybe 10 - 15 properties so I am just amazed at how much he has achieved over the last decade. 170 properties, 35 million dollar portfolio, 2 million a year in rental income, 500k positive after expenses with an LVR around 1/3 rd of total assets at age 30. I take my hat off to you Nathan.
     
    Rixter, MBO and Rugrat like this.
  12. KDP

    KDP Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    246
    Location:
    Singapore
    Was a bit cheeky by me Karina. As I said above, his story as an investor is amazing and very inspirational. Just a pity that I can't speak as highly about Binvest and related companies.
     
  13. sash

    sash Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,214
    Location:
    Sydney
    He is has done well no doubt...the question is how much is real and what is not??

    I totally disagree that there is no bubble...there is definitely...a bubble in CERTAIN parts of Sydney and Melbourne....I don't think Nathan has seen more than one cycle.....

    To me this diatribe is just self promotion...nothing wrong with it...but there is an angle here..if you get my drift. ;)

    Time will tell.....as I said before the smart money is now in Brissie and Outer Melbourne....as a matter of fact I am heading to Brissie this week...just bought one off the net.

     
    Dwalsh, DiligentPM, Tim86 and 4 others like this.
  14. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,516
    Location:
    Sydney
    Nathan's obviously done exceptionally well, but how do the figures in the story work out?

    • HE’S got a $35 million property portfolio at just 30.
    • makes half a million dollars a year in rental income.
    • Nathan Birch has lost count of the number of properties he owns, but says it’s about 170.
    • His total debts across his portfolio are $11 million.
    • He brings in about $2 million in rental per annum, and takes $500,000 of that after expenses.
    My calcs on the above say:
    • Ave property price 205k.
    • Ave debt/property 65k.
    • Ave rent for each property/week $225
    • Ave income/property after expenses $56.50
    Overall picture - 24 million dollars of equity to net 500k ?
    That is a net return of exactly 2.08% ?????
     
  15. sash

    sash Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,214
    Location:
    Sydney
    KDP ...you are not alone.....are you able to put balanced view forward in what happened to you...(hint...hint)....

     
  16. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

    Joined:
    14th Jun, 2015
    Posts:
    2,100
    Location:
    Sydney & Adelaide
    $35m in property... as valued by him or the bank?
     
    Giuseppe, legallyblonde, ej89 and 2 others like this.
  17. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,378
    Location:
    Perth, Melbourne, USA
    It is pretty amazing, so is Karina's story, good on them.
    Did you buy using Binvest?

    MTR:)
     
    Xenia likes this.
  18. sash

    sash Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,214
    Location:
    Sydney
    Well spotted Ace...unfortunately....not many people have the experience to break it down.

    From what I can see a large portion of it is...muti-units and not all are in capital cities. So to get the true value is very hard. For example it is easy to buy a block of units in the back of Dodgeyville for say $150k and get a return of $18k. The real is issue is asset quality....that $150k will never really go up...and it will be hard to sell it.

    So the mighty $35m portfolio could be a house of cards worth say only $18m...sure they it will bring in $2m....but the vacancies and other factors are also a headache. Ask the people who bought in part of Orange, Taree, or Moree. The $400k is more like to $200k......

    I look for asset quality..better off with a smaller portfolio in mostly very large regionals or capital cities with a proven track record than poor quality assets. The end result is about the same.....time will tell. :confused:

    Unfortunately people get caught up in the emotion and their inexperience causes them to act irresponsibly. Spruikers are spruikers.....do business ethically or there will come a day of reckoning. By the way to any spruikers...out there.....be careful who you take on ....some have some very well connected barristers...who can unwind your organisation overnight.......just stating the facts.;):D

     
    Colin Rice, Tekoz, ej89 and 4 others like this.
  19. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,473
    Location:
    Sydney
    I reckon his BA business is what really made him the cream. No doubt he made some good deals and had stellar growth in his western sydney and central coast props but a lot of what he has been promoting in regional areas has gone no where bought well or not. Also as Sash said, maintenance on old props is a mongrel.
     
  20. Karina

    Karina Member

    Joined:
    20th Jun, 2015
    Posts:
    19
    Location:
    Sydney
    No question the business would be bringing in a lot of money. According to the article they have been buying 100 properties a month in QLD. That's some serious commissions to park in your real estate portfolio. Nothing wrong with that of course if the service and product being offered is good.
     
    Colin Rice and Xenia like this.