Door opens to new life

From char­ity hand­outs to own­ing eight prop­er­ties by the age of 24

Mt Druitt - St Mary's Standard (East) - - NEWS - Jil­lian Mc­Kee

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.

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