I was sacked by Barclays aged 21 but am now millionaire after bingeing BBC show
A man who was sacked from his job at Barclays at age 21 is now a "millionaire" aged 35 after bingeing a BBC show. Chris Bunn, 35, was forced out of Barclays in his early 20s and "vowed to never be at the mercy of a job loss again".
Mr Bunn lost his job at Barclays in his early 20s and began a series of side hustles. He began to buy popular branded trainers and sell them online for double the price at a time when the industry "wasn't as big as it is now".
Chris then sold his side hustle for £10,000 before setting up a digital marketing company in 2014. In 2018 he sold that company to a Swedish tech firm for £350,000 and told the Telegraph: "I was sat on a big lump of money and, for a long time, I’d been watching Homes Under The Hammer.
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“One day, I was on Rightmove and saw a house close by that was quite run-down. It had been on the market for ages, so I put in a silly offer.” Chris offered £108,000 and it was accepted because he was a cash buyer and could complete quickly.
He spent £28,000 doing it up, later selling it for £185,000 and Chris realised flipping properties "has a bit of legs". Chris has 15 properties, all rented out, and a portfolio worth £2.8million - with £1.7million is equity and the rest mortgaged.
“They aren’t necessarily run down, but they are always discounted in some way so I can add a bit of value," he said. He explained: “With one property, the seller needed the money quickly, so he gave me a 30pc discount. The property was rentable from day one. A year later, I remortgaged and it was worth a lot more.”
“We did have a couple of two-beds, but we realised that the turnover of tenants was more frequent… In two years, we had three or four tenants and it cost us each time to re-let them, so we sold them," he went on.