October 17th 2024.
Meet Eddie Dilleen, a 33-year-old self-made millionaire who went from living in housing commission in the suburbs to owning a jaw-dropping $90 million property portfolio. It's an impressive feat, to say the least, and one that he openly shares in hopes of inspiring others to take control of their financial future.
Growing up in Mt Druitt in Sydney's west, Eddie's childhood was far from glamorous. He worked at McDonald's to make ends meet and lived in housing commission, struggling to make ends meet. But instead of wallowing in self-pity, Eddie decided to take matters into his own hands and find a way to break the cycle of poverty.
"I used to think it was unfair that some people had money and I didn't," Eddie shared on Ben Fordham Live today. "But I soon realized that if I kept that attitude, nothing would change. I had to find a way to get ahead, and for me, that was through investing in property."
And boy, did Eddie's strategy pay off. Today, he owns a whopping 110 properties across almost every Australian capital city, with a total worth of around $60 million. But how did he do it?
For Eddie, the key to success was treating the property market like a game of Monopoly. He started small, purchasing properties that he could afford and making sure they were profitable investments. His strategy involved buying discounted properties and those that were undervalued, going against the belief that you can't buy a property below its market value.
"I know there are a lot of people out there who doubt my methods, but I am living proof that it can be done," Eddie proudly stated.
Despite criticism and accusations of contributing to the housing crisis, Eddie refuses to apologize for his success. In fact, he believes that the problem lies in the system itself, not in individual investors like himself.
But Eddie's journey to success wasn't without its challenges. He recalls his first home, an "ugly two-bedroom unit," and how he slowly built his empire from there. He also admits to making mistakes along the way, like getting too emotionally attached to properties during the buying process. However, he learned from these mistakes and used them to his advantage as he continued to grow his portfolio.
Eddie's strategy also involves avoiding auctions and instead purchasing properties outside of CBDs, where prices tend to be inflated. This has allowed him to expand his empire across major cities like Sydney, Melbourne, Perth, Adelaide, and Brisbane.
When asked about his advice for young home buyers, Eddie suggests not getting too attached to properties and instead focusing on making smart investments. It's a lesson he learned after his first 50 or 60 properties.
And while Eddie's success may seem like a dream come true, he hasn't forgotten his roots. He shares that his mother, Beth, is amazed by his achievements, but she also worries that he may have taken on more than he can handle. Eddie proudly bought her a house a few years ago, finally freeing her from housing commission.
But for Eddie, his journey is far from over. He believes that property investment is the best way to make money and get rich, and he hopes to continue growing his portfolio and inspiring others to take control of their financial future. However, he also emphasizes the importance of seeking professional financial advice and considering one's personal objectives, financial situation, and needs before making any investment decisions.
In the end, Eddie's story is one of determination, hard work, and smart investments. He may have started from housing commission, but today, he is a shining example of what is possible when you don't let your circumstances define your future.
[This article has been trending online recently and has been generated with AI. Your feed is customized.]
[Generative AI is experimental.]
