Entrepreneur Builds $4.2+ M In Property Wealth Within Just 3 Years.
"These guys know what they are doing. At every step there’s someone to talk to and make sure you are comfortable with what you are doing".
Mitch Sanders. Sydney, Australia
Mitch Sanders, 29, Internet Entrepreneur
Starting savings: $500,000
Starting equity: $500,000
Key Achievements with Binvested
Number of properties with Binvested: 7 properties
Current Binvested property total worth: $4.2 million
Current Binvested property net worth: $2.5 million
Current Binvested property rental income: $2,950 per week
Current Binvested property mortgage repayments: $1,500 per week
Duration with Binvested: 3 year
Are you ready for results like these?
Do you want to achieve financial freedom by investing in property?Get Started Today
In 2009 Mitch Sanders quit his job in IT and was trying to build an internet business. “I didn’t really have a runway of capital to keep me going, so I spent 11 months living in my car ‘cause I couldn’t afford to pay for somewhere to live. I always had a jar of jam and peanut butter behind my seat and that’s how I lived because I didn’t know where the next meal was coming from”. He had also accumulated $90,000 in credit card debt during this time whilst pursuing his dream.
His fortunes started to improve. He says “I got my business up to making $50 a day and then making $100 a day and then things started to grow exponentially.
As his business began to grow in leaps and bounds, he worried that the internet marketing world could one day become fickle. He needed a secure base of wealth and steady income.
He invested in his first property, because he saw it as a firm investment. The first property Mitch bought outside of Binvested was located in Sydney’s eastern suburbs. After coming on board as a client with Binvested, he realised he could have bought 5 or 6 properties with the same amount of money.
Since then he has completed a developing a pair of duplexes in Western Sydney. The land and builder was secured below market value through Binvested.
Each duplex cost him just $500,000 and the comparable market value was over $1 million per duplex. This made Mitch a tidy $1 m of profit within 12 months.
Whilst looking for advice about how to make successful property investments, Mitch came across Binvested founder Nathan at a social event in Sydney. Mitch was impressed by Nathan’s drive and his encouragement and became a Binvested client.
“I didn’t have the time, energy, skills or expertise to find winning properties. I started to seek out a buyers agency who could do it for me. I ended up speaking to Nathan and picking his brain that I realised he’s been doing this for a long time and he gets real results for his clients”.
Mitch began by buying four “bread and butter properties” in his first year. The cost of these properties was between $180,000-$250,000 each. He was able to use equity from these properties to purchase two more.
This approach was in contrast to Mitch’s original mindset, as he had previously believed that buying high-end properties with large deposits was best, however, Binvested showed him better ways to utilize his potential and leverage the banks money!
He has been impressed with the service offered by Binvested, particularly their promptness in dealing with him. “These guys know what they’re doing because this is what they do every single day. Whether you become a client or not I guarantee you’ll be wiser after going into a meeting and listening to what they have to say”
At the time of this interview, Mitch estimated that the total value of his portfolio was $4.2 million. He says that his rental income was $75,000+ per year.
Start Your Journey to Financial FreedomContact Us Today
Learn more from our success stories
Karl and Romina
“There’s no way we would have gotten 7 properties and a block of land in a year, doing it ourselves. We realised with the deposit we had, we could get a lot more property with Binvested, rather than going on our own.”See Full Case Study >
“Binvested has allowed me to follow my passion and travel. In the last two years, the income has allowed me and my partner to travel to China, Hawaii, New Zealand, Fiji, Vanuatu and weekends to Victoria and the Gold Coast. This otherwise would not have been possible”.See Full Case Study >
The History Of Hyperinflation
The History Of Hyperinflation Welcome to Hyperinflation – a history lesson for you … Have you ever wondered what you would do if someone gave you ‘1 milliard Pengo’? Probably not, but if you were in Hungary in the 1930s, you wouldn’t have had to wonder. The Pengo replaced the Korona to become Hungary’s national… Read more »Read More >
Property Market Update September 2020 – Part 1
Spring has come around again, but this year the situation is pretty far from normal. We’ve had COVID, we’ve been in lockdown, buying and selling is being done differently and now there are some whispers about restrictions beginning to be eased in the not too distant future. There are a lot of mixed messages out… Read more »Read More >
Things They Don’t Tell You About Property Investing.
Have you ever heard of property investors referred to as ‘One Percenters’? This nation has an obsession with home ownership, but it’s still rare to own more than several. So, when your goal is to build a big portfolio, you will be in the extreme minority. It will take smarts, dedication, a calm head and… Read more »Read More >