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A property mogul who owns more than 350 homes worth nearly $250million has said he wants to buy 100 more in one month.
Nathan Birch, founder of property group B Invested and a father-of-two, has used a banking mechanism known as 'leverage' to achieve the goal.
His strategy is to draw out equity from his other properties through refinancing deals, which fund the costs of buying new homes - many of which have been bought for just $200,000.
'I'd like to see if I can get 100 properties in a month,' he told realestate.com.au.
'If you're an investor, buying in bulk will absolutely help you build a portfolio.
'I've recently purchased a block of seven units for $146,000 each that rent for $400 per week.'
The block is in Central North Queensland, and Mr Birch has also bought a unit in the state's north for $90,000 as well as two studios in Brisbane each costing $160,000.
'It may not be where you want to live right now, but the ultimate destination is preceded by the journey,' he said.
Father-of-two Nathan Birch (pictured) said he wants to add 100 more properties to his 300-strong portfolio in the course of one month
'Buying in affordable suburbs has always been my message – I'm still buying $110,000 to $400,000 properties right across Australia.
'I actually prefer units over houses... Units pump out better cash flow than houses after all of the expenses like council rates, water rates and insurance.'
Mr Birch told the real estate news site that he finds value outside general market growth trends, such as in the case of a unit in Newport, Melbourne.
The median unit price has dropped 5.3 per cent in the last year to $748,500 but he said it meant he was able to buy a package - a house and six units - for $1.9million.
He claimed the price was around $1.5million below market value.
It is not the first time Mr Birch has made a vow to build up his property portfolio, making a similar claim in May last year.
He acknowledged his ambition would upset some Australians given the cost-of-living and housing crises as property prices continue to rise.
'There will be a whole bunch of people who won't like it. Some people will say "how dare he",' Mr Birch said.
Mr Birch targets homes in affordable suburbs (stock image)
'I've just come to accept that not everyone agrees with it. Even my mum, when I got to 200 properties, she said "don't be stupid, don't buy more".
'The thing is, my actions are based on numbers. This is what keeps me focused.'
Mr Birch grew up in a single-income household in Mt Druitt in western Sydney and made his first investment at 18 with money saved from working while he was still at school.
He became one of Australia's most prolific real estate investors by snapping up rundown homes in low socioeconomic suburbs and had more than 300 properties in his portfolio by the age of 35.
He said last year that family members had tried to tell him to stop buying more properties.
'My mum is fearful. She was excited for the first few properties but then she said 'you'll go bankrupt',' he said.
'All this noise from people who loved me were thoughts. They weren't real. Many of my family members didn't know how all this debt stuff worked.
'Now my mum says "I don't know how you do it, but you know what you are doing".'
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