Former McDonald’s worker now owns 43 properties worth £15m

A man who used to work at McDonald’s has opened up about now owning a staggering 43 properties.

Eddie Dilleen, from Mt Druitt in Western Sydney used to flip burgers, but now owns a property portfolio worth $20 million (£15 million).

And the 30-year-old claims anyone else is capable of doing the same as him.

Eddie bough his first two-bedroom flat for $138,000 (£105,000) at the age of 18 and rented it out for $220 (£167) per week.

Now 12 years on, he has homes all over Australia.

Dilleen told Daily Mail Australia the three things he looks for in a property is: a high yield; capital growth; and making sure the price is below market value.

He said: “Anyone can invest in property, but you need to consider your goals and think long-term.”

Dilleen says he purchasedboughhis first four homes on a $50,000 (£38,000) a year salary.

“It’s all about understanding how the banks lend you money – having a high yield means you can continue to borrow,” he explained.

“Start small and get in as soon as you can.”

The investor said his interest in property began when he was 14 and working at McDonald’s.

“From humble beginnings, I grew up in a rough neighbourhood and no one in my family owned a home,” he said.

“Mum struggled to put food on the table, we had to buy second-hand clothes from the Salvos, it was very rough financially.

“I remember when I was 12 thinking ‘this sucks’ and wished things were different … I wanted to break out of the cycle.”

Rather than paying off the initial loan first, he decided to leverage the capital gains and bought his second property at 21.

He also rubbished the idea that a large deposit is needed when buying a property, saying 5% is enough to get you started.

If you’re currently in the market for a new property, why not checked out this stunning fairytale cottage that looks like a ‘Disneyland Castle’, which is on sale for £1million.

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