PHOTO: Mr Haeri has cited having a partner, diversification and LMI as some of the reasons for his success
At the age of 32, Bobby Haeri owns six properties in two different states with a net worth of $2.7 million.
The Sydney father bought his first property when he was just 18, after splitting costs with his sister and father.
Since then, he’s leveraged his way through loans, rent, lender’s mortgage insurance and his salary to purchase a further five properties.
“The reality is you need to sacrifice, maybe not go on a holiday for a few years, create a budget or you might have to work 12 hours a day,” he told news.com.au.
“Just working eight hours, a day five days a week is going to be hard to get ahead in the initial stages.”
Mr Haeri says he now works 12-hour days, six days a week running his own property agency, while raising his daughter Mia, 1, with his wife Dionne.
While he admits he is currently $1.89 million in debt, he has a healthy cash flow.
His tenants bring in around $10,000 a month and he only has to pay out $7000 per month on his mortgages, leaving him in pocket.
Mr Haeri went straight into full-time work starting his own gardening business after he finished high school, and bought his first property in 2008.
It was a $550,000 off-the-plan two-bedroom, two-bathroom apartment in St Ives in Sydney’s north.
“At that stage there were government grants and stimulus, it was around a five per cent deposit. You didn’t have to pay stamp duty, you paid the stamp duty and then you get it refunded,” he recalled.
They forked out $27,500 to secure the flat.
When he was 21, he leveraged his share of the equity from his first property to buy his second.
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