26-year-old Aussie reveals how he bought three properties within 12 months

A young landlord has revealed the shocking amount he still has to pay on his three mortgages even though he has tentants.

A young Aussie has revealed how he has amassed a property empire, all while still living with his mum.

Bailey Robert Jay used to worry he’d have to “rent forever and own nothing besides a car”, but within 12 months, he managed to buy three properties.

The 26-year-old’s brother-in-law is Sam Gordon, who owns 108 properties and founded the property adviser firm Australian Property Scout.

Being around the real estate tycoon made the construction worker realise that creating his own property empire wasn’t out of reach.

It wasn’t easy, though.

In 2023, Mr Jay ate nothing but tuna and rice for lunch for six months, said “no to everything”, and scrimped and saved to pull together $20,000.

He then sold his most prized possession, his ute, for $46,000, which was enough for his first home deposit.

“I wanted to achieve something more than just battling every day. I’d never committed to anything besides a loan for my ute, but I sold it, for a cracker price,” he said.

“I loved that ute it was my pride and joy.”

In order to save, Bailey Robert Jay said ‘no’ to everything for 12 months. Picture: Instagram/baileyrobertjay

He said being a landlord is awesome. Picture: Instagram/baileyrobertjay

MORE: Huge prediction for Aussie house prices

Mr Jay worked in construction and made around $100,000 a year, which meant that, alongside his deposit, he was able to buy a four-bedroom place in Western Australia for $440,000.

The 26-year-old credits Mr Gordon with keeping him motivated.

“The whole time he was in my ear, being like, ‘come on bro’,” he explained.

“It was so handy. I look up to him, and he is like a brother to me, but also, you’ve got to have your own determination to do it.”

He was ecstatic when his hard work paid off and he bought his first property. He immediately got it tenanted and although it is negatively geared, Mr Jay was thrilled to have such a big asset.

That property’s value has since increased and the home is now worth $600,000. This meant he could leverage the property’s value to buy two other three-bedroom homes in Western Australia.

“I used my first deposit and just rinsed and repeated with the equity. Every three months I’d get a valuation, have a look, and then pull money out again,” he said.

“The growth was incredible.”

Sam Gordon, who owns 108 properties, gave him advice. Picture: Instagram/baileyrobertjay

Mr jay used to fear he'd only ever own a car. Picture: Instagram/baileyrobertjay

MORE: Home loan trap taking years to escape

Mr Jay bought his second property for $295,000, now worth $400,000, and his third property for $342,000, now worth over $400,000.

He amassed a property empire within 12 months.

“They’re all tenanted and slightly negatively geared but not by much, my second property costs me like $50 a week,” he explained.

The 26-year-old said he only needs to pay $300 a week to cover the difference for all his mortgages.

He still lives with his mum. Picture: Instagram/baileyrobertjay

He doesn't believe in putting up the rent for no reason. Picture: Instagram/baileyrobertjay

“I like being a landlord, it is awesome,” he said.

“When I first got my property, I got a phone call from the property manager, and they’re like, we’ve got a family of five interested, but the only issue is they’ve got a jack russell.

“I don’t care if it is a tiger as long as they look after the house and pay the rent.”

Mr Jay explained he thinks it is “awesome” that he can put a roof over a family’s head and respect his tenants.

“If a family can’t afford to buy a home and I can be their landlord, that is awesome. I can give them a house,” he said.

He also said that he doesn’t feel the need to raise the rent as long as his tenants take care of his properties.

“There’s no reason to keep jacking up people’s rent who are looking after you’re property,” he said.