Nathan Birch

Nathan and I don’t see eye to eye on a few things (philosophical mainly) a bit over the top for me but I’d rate him as an honest ethical young guy who’ll do his best to try an help you. Up to you if you think what he offers is value for money for your situation.

We've shared mutual clients and all have been happy.

Cheers

Jamie

Hi Leon

I guess it comes down to different strokes for different folks.

Some have a higher appetite for risk than others. There's no right or wrong answer/approach – it all comes down to what the individual is aiming to accomplish and the risks their willing to take.

Cheers

Jamie

Hi Leon

If you buy well (ie negotiate a great discount) and then make some improvements to the property (ideally with borrowed money) you can increase the rent.  The end result is a higher rental yield than you would have gotten if you just rented out as is (presuming you've played your cards correctly).  So at this point you get the bank to revalue the property and surprise surprise, it is worth more than it was when you started.  So in a nutshell, you've manufactured capital growth.  Fashioned money out of thin air.  So you can refinance… pulling out the equity to use as a deposit on the next place.  Rinse and repeat.

BE VERY CAREFUL IF YOU ARE THINKING OF DEALING WITH BEINVESTED

My partner and I got stung bad by Nathan and Daniel. We started off with their map session which we thought was informative but we didn’t think it was worth the $300 fee.
We then proceeded to use their buyer’s agent service. We paid $10,000 for this service and was offered a 3 bedroom townhouse in Nerang on the Gold Coast. We were sent a spreadsheet with all the figures and numbers, it all added up to be positive by $6 a week. There was a discrepancy with the rent that they thought the property could achieve. The property was currently tenanted at $280 p/w but Nathan had said that it should be rented out for $300-$310. We questioned Nathan on this and his answer was that the tenant had been in there for a number of years and the rent hadn’t been increased but assured me that $300 a week was achievable because he had properties on the same complex for the same rent.

We proceeded with the purchase and Nathan’s property management service blink property was supposed to take over the property. This was an ordeal to say the least! We spoke to the property manager who was taking over the property once before settlement and where assured that it would all be taken care of, this was the last time we heard from her. After making dozens of calls around settlement time, she was in contactable. It got to the point where the current property managers where calling us to come pick up the paperwork and collect the rent that had kept coming through because they couldn’t get in contact with Blink Property either. So in the end the property just stayed with original property managers.

After about six months we went through all the bills for the property because things just weren’t adding up. After doing the sums it turns out that the property is negative by $65.50 p/w and the most we can get for rent is $290. We have had the property revalued a year after we purchased it and the property is worth less than what we paid for it.

We are as much to blame as anyone, we should have double checked the figures and not just relied on the misleading information that was feed to us. Nathan clearly doesn’t stay true to his “strategy” that he preaches to of buying positive property that’s below market value. He is quite happy to take your money and make things look good on paper to get you to do the deal. All I want to say if you are going to deal with binvested make sure you know what you are getting yourself into before your start handing over cash and singing contract. Research is key and we made the mistake of not doing ours and we are paying for it now. Just because you pay a buyer’s agent a large sum of money doesn’t mean you’re are automatically just going to get the best deal. If you want something done properly than you are best of doing it yourself!

• This reply was modified 9 years, 11 months ago by  Nath_simonson.

Jacqui Middleton wrote:

Hi Leon
If you buy well (ie negotiate a great discount) and then make some improvements to the property (ideally with borrowed money) you can increase the rent. The end result is a higher rental yield than you would have gotten if you just rented out as is (presuming you’ve played your cards correctly). So at this point you get the bank to revalue the property and surprise surprise, it is worth more than it was when you started. So in a nutshell, you’ve manufactured capital growth. Fashioned money out of thin air. So you can refinance… pulling out the equity to use as a deposit on the next place. Rinse and repeat.

That in summary is the Peter Spann leapfrog strategy. Feels a bit like the fitness fashion industry, bring back parachute tracksuit sand tai bo under a different name eh?

I have known Nathan on a personal level for years now and actually worked with him while Binvested was still in its infancy stages. I can comfortably say that even behind the scenes, Nathan genuinely cares about everyone’s success.

The operation he runs isn’t a money pinching gimmick and I think that his results speak for themselves.

His timing and strategy have been spot on now for 10+ years.

Thanks and much success

Be very careful with Nathan Birch. Too much confidence with false statements. A clear example is this recent video of his of property development which has a number of false statements:

The address is 40 Sunrise Boulevard Surfers Paradise QLD. He states he can rent these properties easily at $400 per week whereas he is struggleing to rent them out at $350 per week. He will most likely rent them at around $300 per week.

That gives the return on property at the following at around 4.7%. You can get this rate of return anywhere better.

Rent $600 x 52 weeks = $31,200 divide by purchase price $622,000 plus renovation of $40,000.

Onwards he claims he has DA approved on the site. There is no DA approved desite holding it for already 18months and I doubt he will be able to get it approved for 16 units. Check the Gold Coast City Council on DA applications for this address. None have ever been submitted. It is too small a block with very few new builds on this island. Also why would he be trying to rent them out if he is about to get DA approval….

You could say it is a landbanking option but that is it and I’d say given the location he will be landbanking this before approval for about 25 years…There are many other examples of this. He makes money on the buying agency and fleecing off the niave buyers. Buyer beware.

Also check out this motel he bought in Wentworth Falls:

https://www.expedia.com.au/Blue-Mountains-Hotels-Rest-Easy-Motel.h21182564.Hotel-Information

and promoting here as a great buy:

https://www.dailytelegraph.com.au/realestate/nathan-birch-owns-200-properties-after-buying-18-at-the-start-of-this-year/news-story/686a64e695bf5a4f592ebe55e48c5d5c

What a shocker. Terrible reviews on tripadvisor and full of drug addicts. It is a total dump. I wouldn’t recommended trusting him as a buying agent. Caveat emptor and invest wisely.