SMH website front page story this arvo

http://www.smh.com.au/small-business/entrepreneur/this-man-owns-170-properties-20150906-gjg9ji.html

 

The story of Nathan Birch and BInvested continues...

 

He`s been on 170 properties for a while now. Needs to pull his finger out and get on with it.

 

http://www.dailytelegraph.com.au/bu...-property-empire/story-fnkltfm0-1227050943767

Sept last year 160 properties. So 10 in 2015?

 

Slack...just really slack.

On the bright side he got them for free... cos the $30mil val hasnt changed.

 

We're just rounding up to the nearest 10mil now right?

 

i think he's lost count, it changes regularly

 

It would actually make a lot of sense if Nathan were consolidating his portfolio and getting out of the bread and butter stuff into more blue chip and commercial.

 

Didn't read the article, but is that what he's moving on to now?

 

It would but thats the main sale pitch

 

Is this the same guy from this thread:
https://propertychat.com.au/community/threads/nathan-birch.1147/

 

Whether its true or not I don't fault him. He is doing what he sees as best for his company, image etc etc. I'm sure he has agents who contact media outlets to share his story etc. Its what business people do. I don't care how much of it is exaggerated, that just means the more brilliant his marketing is imo. Some sour grapes around I think.

 

I'm with Leo on this one. I don't know him or his dealings, but just because someone told you they got ripped doesn't necessarily mean they did. There is always two sides to the story.

I believe you should always treat people with respect and not judge on what you have heard from others. If he is ripping people off then they are matters to be dealt with between them, and is really none of our business. If I were to approach him for his services I would do my own DD before actually committing and would accept responsibility for the outcome, because at the end of the day I was the person who enlisted him.

I do think he is also doing some great things and find him a little inspiring myself. Who am I to judge this guy, he has achieved more than me thus far. If it was done unethically I think in the long run he will be broke.

 

Let's wait until those interest rates start rising and then interview him ... please ... I am over all the cheap publicity ...

 

You could say the same thing about investors here who have millions in debt with 20 plus properties. I am sure Nathan has buffers, exit strategies, contingency plans in place for various scenarios that can play out. He will be just fine.

 

I think he bought 2 motels, one in Blue mountains and other in New Castle and converting them into strata titled units/ villas.

 

Nathan's a good operator. I've watched him grow from zero to 170 or wherever he's up to today and take my hat off to him. He's worked hard to source those super cheap properties which he's reno'd and rented. He's accelerated his capital gain through renovation and also his cashflow given his purchase price is so low. Post reno they're typically sub 50% LVR and yielding very strongly.

Its too much work for me to do that volume of properties but its worked a treat for him.

Way to go Nathan! Not my gig, but well done fella!!

Cheers,
Michael

 

And at 30 , he still has his youth and if he wants to relax and go partying he could now do it in style ...

Cliff

 

A little disappointed with Aiden Devine the writer. He has enough knowledge and professionalism to have done a real piece and checked over what is being claimed.

Instead he writes a fluff piece. He should call himself a reporter if he is only going to regurgitate what is being placed in front of him.

 

I honestly don't think rate increases would effect many investors at the moment especially seasoned investors who bought before the boom. It needs to go up by about 2.5 percent to get back to where they were sitting before. You've got plenty of options to fix before than