Chris Christofi: From Cyprus scratchies to property empire

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SmartDaily - Real Estate

Chris Christofi owns 22 funding properties in Victoria. Image: Tony Gough


Chris Christofi has come a good distance since promoting scratchie tickets on the streets of Cyprus aged 10.

However humble beginnings didn’t cease the 41-year-old property boss constructing a billion-dollar finance empire whereas additionally gathering 22 properties of his personal.

Mr Christofi cut up his childhood between promoting scratchies on the street for his uncle and dealing 10-hour shifts at his father’s grocery store, whereas struggling at college as a result of dyslexia and ADHD.

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He migrated to Melbourne at 16 to finish his VCE.

“Once I was 19 I requested my father to reward me my wedding ceremony current of $30,000, although I used to be as single as I might be,” Mr Christofi stated.

“My father instructed me I couldn’t spend it on a automobile, however I might make investments it in actual property.

“That’s after I fell in love with actual property and by 24 I had eight funding properties below my belt.”

Mr Christofi’s actual property gross sales profession blossomed from his early 20s, which earned him greater than $350,000 a yr that allowed him to take a position.

However he was compelled to dump all his property after his enterprise partnership collapsed, leaving him $780,000 in debt and with a protracted listing of shopper monetary obligations. At nearly precisely the identical time, his oldest son grew to become deaf after a battle with meningitis.

“At 24 years previous I went from making $300,000 to shedding all of it, I nearly misplaced my son, I cut up up with my spouse and moved again into my mom’s home,” he stated.

“I made three targets at that stage: to repay my money owed, get again my property portfolio and assist different individuals alongside the best way.”

Chris and Billie Christofi are property funding stars.


In 2005, Mr Christofi began wealth advisory agency Reventon, which now employs greater than 50 property and finance consultants and manages greater than $1bn in actual property transactions.

His dedication helped him win the Enterprise Information Younger Entrepreneur of the 12 months for Monetary Providers award in 2019.

Since launching his firm, he was capable of rebuild his personal funding portfolio together with his spouse, Billie. The couple personal 22 investments collectively in Victoria – together with 10 in Geelong – and Queensland which might be valued between $500,000 and $1.5m every.

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The daddy of 4 is now centered on giving again, together with his newest property funding going instantly in the direction of tackling problems with homelessness.

After elevating greater than $200,000 throughout three years of Vinnies CEO Sleepouts, Mr Christofi has plans for an excellent bigger donation.

He not too long ago purchased a block of land in Geelong suburb Mt Duneed and is elevating funds by way of his charity Brick by Brick to construct a home there.

As soon as constructed, the property is anticipated to promote for about $700,000 with all proceeds going to St Vincent de Paul Society.

Chris Christofi on the Vinnies CEO Winter Sleepout. Image: Fb


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ADVICE FROM CHRIS CHRISTOFI:

Mr Christofi stated he was “fortunate” to interrupt right into a booming property market, which had develop into “unstable” and “slower” extra not too long ago. However there have been nonetheless methods for younger consumers to get forward.

“Ask for assist and encompass your self with mentors who stay and breathe what they do,” Mr Christofi stated.

“Don’t spend every little thing you earn … shopping for the primary property is hard, however the second and third get simpler.

“I’ve two to a few mentors myself and I’m all the time attempting to upskill. The only factor you are able to do is decide up a e book.”

jayitri.smiles@news.com.au

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