How one couple acquired 24 properties in just over three years
A 35-year-old gym owner and his wife have revealed the bold strategy that helped them amass a staggering real estate empire worth $11.5 million.
Michael Pritchatt and wife Elisha, 32, currently hold a jaw-dropping 26 properties across the country that generate $11,000 a week, or $460,000 a year, in gross rental income.
The couple said they sit on about $3 million in equity once accounting for their mortgage debts.
But their property wealth wasn’t built on the traditional Australian Dream: to afford their portfolio, the parents of three don’t even own the roof over their heads.
“We don’t own a primary place of residence,” Mr Pritchatt revealed, explaining that they currently rent his mother-in-law’s granny flat as a way to save more money for investments.
