How dad utilized clever real estate strategy to rating sixteen features and you may $426k per year earnings

An enthusiastic Aussie dad has actually shared this new shocking ways he obtained an excellent profile of 16 qualities worth on $nine.3m more than simply couple of years – instead of getting hidden with debt.

They director Mahesh Kumar, 42, provides attributes inside numerous says and you will to each other they pocket him nearly $426,000 annually when you look at the gross local rental income.

The new highest rents service their home loan repayments and you may, coupled with huge guarantee gains towards the his purchases, mean the guy spends little off their money on repair the newest $4.9m financial obligation he keeps facing his attributes.

Mr Kumar told you the cornerstone of the means you to definitely greet your to reach such money milestones try focusing on characteristics “no-one otherwise wants”.

Mr Kumar bought which Install Pritchard, NSW property to possess $585k. Immediately following a good reno and you will sector increases, it is now value regarding the $1m.