First Home to Real Estate Portfolio in Two Years: Parata Property Helps Buyers Do the Same

*PERTH, AUSTRALIA / ACCESSWIRE / MAY 15, 2024 /* Like many millennial couples navigating their 20s, Kieren and Mackenzie Parata were not confident they would ever be able to own a property.

This lack of confidence was not necessarily misplaced: working as a fitness instructor and casual at Bunnings meant Kieren and Mackenzie, respectively, were no stranger to early wake-ups, long days and the relentless costs of renting, all while balancing the weight of increasing daily expenses.

Savings were hard to come by - let alone a house deposit.

Knocking at the door of the bank of mum and dad was not a reality for the couple, nor were there any large inheritances or trust funds on the horizon. Without other options to fall back on, the couple balanced five jobs and one law degree between them, saving every possible dollar in hopes of one day purchasing a home.

Sunday brunches were a sacrifice they were willing to make - among many other luxuries they forewent in favour of growing their savings account.

"I became obsessed with changing the trajectory of our lives," recalls Kieren. "I couldn't get away from the idea of becoming successful, wealthy and escaping what was ‘normal'. I would spend every waking minute, in between 16 hour days across multiple jobs, studying and learning about the life I wanted for us."

For Kieren, the life he visualised included property ownership, using real estate as a vehicle to build wealth and financial freedom.

"I've always believed in the benefits real estate has over other types of investments," says Kieren. "Real estate is tangible. If I invest in a good property, in a good location, my investment capital will always be backed by something real. Hard assets, like real estate, have a physical purpose beyond simply being an investment vehicle, unlike stocks and bonds."

These small steps, savings and sacrifices continued, until Kieren and Mackenzie were able to leverage their dollars for a house deposit - the first of many moves that would lead to an explosive multimillion dollar property portfolio in just a few years' time.

"Even though I was physically, mentally and emotionally exhausted by long days and hard work, I knew the pay off would be big enough. I knew these 16 hour days would eventually lead us into having enough money to fund our first investment - so I went all in, taking courses on investing, real estate, finance and wealth creation."

After two years of saving every penny, the couple bought their first property in cash. "It was a unicorn property that took us months of searching," says Kieren. "When we found it, it was being rented out for $1000 per week. The monthly cash flow from this property exceeded what Mackenzie was earning from her job at Bunnings."

For Kieren, this was the ‘lightbulb' moment that changed the couple's lives forever. "I thought, why would we stop at one? This was going to be the vehicle to take us to financial freedom. We were all in."

Just a few short weeks later, Kieren and Mackenzie leveraged the equity from their first home to buy a second property in Mount Lawley. "The rest was history," Kieren says. "We have since repeated this process, again and again, which has led us to owning millions of dollars worth of real estate in two years."

Looking back on the journey from 3:30 AM wake-ups to 9 PM clock-outs, sacrificing fun and saving every dollar, Kieren was asked whether he wished there was an easier way.

"I used to envy friends who had been given money by their parents to buy their first property," he recalls. "Now I'm glad and grateful we never received one cent from anyone. No one can diminish the sacrifices we went through to get where we are now."

"For us, the most rewarding part is sharing what we've done with other people," says Mackenzie. "We've turned our focus to building our business, Parata Property, and giving clients access to the same opportunities that allowed us to build our wealth from square one."

"Nine times out of ten, the founder of a property company with a large real estate portfolio is in their 60s, and started buying when they already owned a big business, or were a CEO of a major company, or had otherwise high levels of income," Kieren laughs. "That's why we are so passionate about sharing what we do. If a Bunnings employee and fitness instructor can do it, can't you?"

Kieren and Mackenzie founded Parata Property in 2023, providing buyer's agent services while bringing together a community of real estate investors from all walks of life - building wealth through the same method the Paratas are proud to utilise and share.

Those interested in Parata Property services can connect with the couple on Instagram @paratapropertyau or can book in a discovery call.

*For media inquiries, please contact: *
Cassandra Emmerson
Brand Strategist for Parata Property
M: +61 405 232 285
E: hello@emmersyn.com.au

*SOURCE:* Parata Property
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