{"id":34702,"date":"2021-09-20T09:14:48","date_gmt":"2021-09-19T21:14:48","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=34702"},"modified":"2021-09-20T09:14:48","modified_gmt":"2021-09-19T21:14:48","slug":"how-32yo-sydney-man-has-a-six-property-portfolio","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/how-32yo-sydney-man-has-a-six-property-portfolio\/","title":{"rendered":"How 32yo Sydney man has a six-property portfolio"},"content":{"rendered":"

PHOTO: Mr Haeri has cited having a partner, diversification and LMI as some of the reasons for his success<\/strong><\/p>\n

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At the age of 32, Bobby Haeri owns six properties in two different states with a net worth of $2.7 million.<\/p>\n<\/div>\n

The Sydney father bought his first property when he was just 18, after splitting costs with his sister and father.<\/p>\n

Since then, he\u2019s leveraged his way through loans, rent, lender\u2019s mortgage insurance and his salary to purchase a further five properties.<\/p>\n

\u201cThe 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,\u201d he told news.com.au.<\/p>\n

\u201cJust working eight hours, a day five days a week is going to be hard to get ahead in the initial stages.\u201d<\/p>\n

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.<\/p>\n

While he admits he is currently $1.89 million in debt, he has a healthy cash flow.<\/p>\n

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.<\/p>\n

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.<\/p>\n

It was a $550,000 off-the-plan two-bedroom, two-bathroom apartment in St Ives in Sydney\u2019s north.<\/p>\n

\u201cAt that stage there were government grants and stimulus, it was around a five per cent deposit. You didn\u2019t have to pay stamp duty, you paid the stamp duty and then you get it refunded,\u201d he recalled.<\/p>\n

They forked out $27,500 to secure the flat.<\/p>\n

When he was 21, he leveraged his share of the equity from his first property to buy his second.<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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