Property investor tycoon shares tips on how to break into the market and build an empire

A father of two has revealed how he built a $10.5 million real estate empire after starting with just $82,000.

Ryan Beck, 35, started investing in property in 2016 and quickly built an impressive portfolio with 14 homes to his name.

His properties are spread across the country in states including NSW, Queensland, Tasmania, SA, Victoria and WA.

Mr. Beck earns around $250,000 in rent each year and revealed that he had managed to build his wealth on a set of basic principles.

His holdings are scattered across the country and include states such as NSW, Queensland, Tasmania, SA, Victoria and WA (a property on the Sunshine Coast pictured)

“Real estate investing is really a financing game,” he said. the daily telegraph.

“You go through layers of shopping and you have to find new ways to get loans and go to different level lenders.”

Beck said he had been using the same approach since he bought his first property in Evanston Park in north Adelaide.

The prime real estate investor managed to purchase the $400,000 house by putting down a deposit of just $82,000.

He then subdivided the property and reassessed it a few months later before learning that he had added $260,000 in equity.

Beck used the capital to buy a duplex in Armidale before retitled it in 2017.

The 35-year-old said he had been able to quickly build his empire by mimicking his first purchase and focusing on properties that could be subdivided.

Mr. Beck shared great advice on how aspiring real estate investors could enter the market and tips for building an empire.

He suggested that buyers establish a clear list of goals and write them down to provide more clarity.

Mr. Beck encouraged them to learn as much as possible about the real estate market.

He said he read 30 different real estate investing books and listened to podcasts to build his knowledge.

Real estate investors must then find houses with double occupancy and use the accumulated equity in the sites as deposits for future housing.

Mr. Beck encouraged residents to continually refinance high-yield properties.

Mr. Beck earns around $250,000 in rent each year and revealed that he had managed to build his wealth on a set of basic principles.

He suggested that investors buy a mix of high-value, high-growth, high-cash-flow properties and look to interstate property.

Investors are also encouraged not to be afraid of taking risks and to keep an eye out for good deals during tough market times.

Beck used recent interest rate hikes as an example, saying he had managed to stay afloat by making smart financial decisions.

Westpac has become the latest of the Big Four banks to expect three more interest rate hikes for May.

The Reserve Bank is forecast to raise interest rates in March, April and May to an 11-year high of 4.1 percent, adding another $283 to monthly payments on an average $600,000 mortgage.

The prevailing forecast would mean 12 consecutive rate hikes in a year, setting a new Reserve Bank of Australia record for monetary policy tightening to tackle the worst inflation in 32 years.

“At the moment it’s all pessimism, but you have to understand that the market moves in cycles and if you can still manage your own cash flow, there’s no reason to be reactive,” Beck said.