Door opens to new life
From charity handouts to owning eight properties by the age of 24
HAVING gone from Housing Commission in Whalan to owning eight properties, Eddie Dilleen, 24, is a long way from Struggle Street.
With a single mother and two siblings, Mr Dilleen said his childhood was difficult.
“Mum was on a pension so money was extremely tight; we had to go to charity for handouts,” he said. “Growing up always short on money makes you think ‘I don’t want my kids to grow up like this’.”
While his peers were saving for a car, Mr Dilleen worked at McDonald’s and saved every cent.
“Everyone else was saving for a car or spending their money on nice clothes – all my money went into savings and I saved $20,000 in about two years,” he said. “I bought my first house at 19 ... I was making $11 an hour.”
Mr Dilleen bought his second house near Adelaide two years later, but stumbling upon property investor Nathan Birch’s YouTube channel was when his investment career took off.
“I came across one of Nathan’s videos ... I got a job at binvested.com.au and learnt a lot about what Nathan was doing,” Mr Dilleen said. “Since then I have bought four properties in the past year or so.”
Website founder Nathan Birch, who owns more than 200 properties, also started out in Mt Druitt.
“I bought my first property in Hebersham for $248,000 – I worked two fulltime jobs to get my deposit saved,” Mr Birch said. “You have to make something happen other – people aren’t going to provide for you.”
Eddie Dilleen (right) is following in the footsteps of property investor Nathan Birch, who owns more than 200 properties.
Three of Nathan Birch’s investments (from left): this Central Coast property rents for $1000 a week; a housing complex in Magenta, NSW, where Mr Birch bought two townhouses for $435,000; a Gold Coast villa that Mr Birch bought for $260,000.