Eddie Dilleen - 30 Properties Before 30

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EDDIE DILLEEN

First published in 2022 by John Wiley & Sons Australia, Ltd

42 McDougall St, Milton Qld 4064

Office also in Melbourne

© John Wiley & Sons Australia, Ltd 2022

The moral rights of the author have been asserted.

ISBN: 978-0-730-39989-6

All rights reserved. Except as permitted under the Australian Copyright Act 1968 (for example, a fair dealing for the purposes of study, research, criticism or review), no part of this book may be reproduced, stored in a retrieval system, communicated or transmitted in any form or by any means without prior written permission. All inquiries should be made to the publisher at the address above.

Cover design by Wiley

Cover and internal image © Jandrie Lombard/Shutterstock

Disclaimer

The material in this publication is of the nature of general comment only, and does not represent professional advice. It is not intended to provide specific guidance for particular circumstances and it should not be relied on as the basis for any decision to take action or not take action on any matter which it covers. Readers should obtain professional advice where appropriate, before making any such decision. To the maximum extent permitted by law, the author and publisher disclaim all responsibility and liability to any person, arising directly or indirectly from any person taking or not taking action based on the information in this publication.

This book is dedicated to my mother,Elizabeth Dilleen. Without her I would not havegrown into the man I am today .

I have written this book to inspire and educate readers interested in creating wealth and reaching their financial goals through property investment in Australia.

I'll walk you through my strategy for property investment success, step by step. I've dedicated thousands of hours and battled in the trenches to develop this strategy, which has made millions of dollars for me and my clients, and will continue to do so into the future.

This investment strategy is extremely powerful for three core reasons:

1 It works fast, meaning in three to seven years (note well: there is no magic get-rich-quick formula). It's unlike the transitional property investment strategy most Aussies apply, which is to buy and then either hope and pray the market rises over time or get their hands dirty doing a bit of renovation to increase equity.

2 It can be used time and time again. It's not a one-time strategy that depends on having the right property, location, size and features. It can be applied to any property, from the most modest to the grandest, in any location and at any time.

3 It can be replicated again and again, because it depends on minimal deposits and makes the money do the work, not you!

So how is this book different? First, I am crazy passionate, even downright obsessed with property investment, as you'll discover. I want to inspire you to reach for what you want in life, and to show you how property investment can get you there.

Second, I have read just about every book out there written by an Australian property investor — you name it and I've read it. And most other authors don't actually share how many properties they have bought or, even more important, whether they still own them and how this has contributed to their financial position. Most of these books are produced by people in their forties and fifties who don't tell us much about their own property deals. What did the figures look like? How did they help them achieve financial freedom? Are they investing in property today or simply reciting strategies they learned five, ten or 20 years ago when property values were half what they are today?

I grew up with a single mother whose only source of income was a government pension. We lived in public housing in one of Sydney's most impoverished neighbourhoods: Mount Druitt. I'll never forget where we came from — the housing commission, food stamps, Salvos furniture and clothes, the endless arguments, tears, stress and embarrassment around the lack of money. I'm sharing this with you so you know I started at the bottom. While most property investors out there had family help in the form of finance or advice, no one in my family even owned their own home, let alone an investment property. Many people we grew up around didn't have stable jobs either. Everyone was either renting or living in public housing and struggling to pay their bills and put food on the table.

A common attitude shared by my friends and me growing up was that anyone with money was likely doing something either illegal or immoral, or had inherited it from rich parents. I thought it was impossible for someone like me, without resources or connections, to make money and create wealth — to change the cards I'd been dealt. But I discovered I was wrong. Part of me knows that if it wasn't for our struggle and financial pain, I wouldn't have been inspired to take the massive action I did.

Over the past ten years I've been on a property investment journey, a mission to transform my family's situation. The fire in my belly was sparked by the frustration, pain and feeling of hopelessness of growing up poor.

From starting out living in a housing commission rental in Willmot, Mount Druitt, making an annual wage of less than $26 000, I now have a property portfolio valued in excess of $12 million. With an annual rental income of more than $600 000, that's over $10 000 gross per week. In this book I'm going to share as much as I can of my amazing journey in order to help you achieve your own goals!

I've always been quite competitive, in sports and in many other areas of life. For me the property investment game is no different. If you're to make a success of it, you must be willing to work hard, but first you need to learn and understand it, and one place to start is to read books like this.

Successful property investing generates a snowball effect: for most people it starts slowly, but when using the right strategy, the momentum builds and your portfolio soon gets bigger faster!

Over the past few years, I have used the knowledge I've accumulated to help many others invest in property. You can learn more about this on our website, dilleenproperty.com.au, or watch some of the thousands of hours of free property investment videos on our YouTube channel, Dilleenproperty.